Interstate Transmission Act

[AI summary unavailable — showing source text] Interstate Transmission Act- Amends the Federal Power Act to direct the Federal Energy Regulatory Commission (FERC) to establish transmission pricing policies and standards for promoting the expansion of interstate transmission networks through incentive-based, performance-based, participant-funded, and/or cost-based rate treatments to ensure reliability of the electric system, to support interstate wholesale markets for electric power, and to expand transmission transfer capacity needed for wholesale competition. Grants FERC jurisdiction over Electric Reliability Organizations certified by FERC to establish and enforce reliability standards for the bulk-power system. Exempts Hawaii and Alaska from application of this Act. Repeals the requirement for FERC prior authorization of the disposition of public utility facilities. Authorizes FERC to promote voluntary development of regional transmission organizations, independent transmission providers, and similar organizations in order to enhance electric energy transmission in interstate commerce. Creates State and Federal authority to site transmission facilities. Amends the Public Utility Holding Company Act to exclude from its purvie…