National Electricity Reliability Act

[AI summary unavailable — showing source text] National Electricity Reliability Act - Amends the Federal Power Act to provide for the establishment of mandatory reliability standards governing the reliable operation of the bulk-power system. Grants the Federal Energy Regulatory Corporation (FERC) approval and enforcement jurisdiction regarding compliance by: (1) the Electric Reliability Organization (Organization, approved by FERC pursuant to this Act); (2) all Affiliated Regional Reliability Entities; (3) all system operators; and (4) all users of the bulk-power system. Mandates that: (1) the Organization act to gain recognition in Canada and Mexico; and (2) the United States use its best efforts to enter into international agreements with those countries to effectuate compliance with Organization standards, and to promote the Organization's mission. Requires every system operator to be a member of the electric reliability organization and of any Affiliated Regional Reliability Entity pertinent to the region in which the system operator either operates, or is responsible for the operation of a bulk-power system facility. Grants the Organization disciplinary and enforcement powers. Provides for the assessment and recovery of im…