Electric Supply and Transmission Act

[AI summary unavailable — showing source text] Electric Supply and Transmission Act - Amends the Federal Power Act (FPA) to: (1) prescribe interconnection procedures for local distribution utilities, generating and transmission facilities; (2) mandate net metering programs; and (3) prescribe guidelines to remove regulatory barriers to demand-side programs, distributed generation, and advanced metering. Repeals the Public Utility Holding Company Act of 1935. Amends the Public Utility Regulatory Policies Act of 1978 to declare that upon enactment of this Act no electric utility shall be required to purchase or sell electric energy or capacity pursuant to its provisions governing cogeneration and small power production (prospective repeal). Repeals Federal Energy Regulatory Commission (FERC) oversight of electric utility transactions involving facilities disposition, consolidations, or purchases, including securities acquisitions. Sets forth guidelines for open access transmission under FERC jurisdiction, including certain wholesale stranded cost recovery and retail wheeling in retail competition States. Prescribes parameters for mandatory regional transmission organizations under FERC jurisdiction (RTOs). Repeals: (1) regulations…