Electric Power Market Competition and Reliability Act

[AI summary unavailable — showing source text] Electric Power Market Competition and Reliability Act - Title I: Amendments to the Federal Power Act - Amends the Federal Power Act to: (1) place within the ambit of Federal regulation unbundled interstate transmission of electric energy sold at retail; and (2) place within the jurisdiction of the State within which the energy is consumed the bundled retail sale of electric energy, unbundled local distribution service, and unbundled retail sale of electric energy and attendant facilities. (Sec. 101) Directs the Federal Energy Regulatory Commission (FERC) to determine which electric energy delivery and transmission facilities fall within either Federal or State jurisdictions. (Sec. 102) Repeals the prohibition against mandatory retail wheeling and sham wholesale transactions. Precludes FERC authority to issue promulgations that require or are conditioned upon the transmission of electric energy directly to an ultimate consumer, or to or for the benefit of an electric or other utility if such electric energy would be sold directly to an ultimate consumer, unless applicable State law requires or permits the relevant seller to sell it to such consumer. (Sec. 103) Identifies areas withi…