Electric Reliability Security Act of 2003

[AI summary unavailable — showing source text] Electric Reliability Security Act of 2003 - Amends the Federal Power Act (FPA) to grant the Federal Energy Regulatory Commission (FERC) jurisdiction over a domestic electric reliability organization, any regional entities, and all users, owners and operators of the bulk power system for purposes of approving reliability standards. Directs FERC, upon petition of certain States, to establish a regional advisory body to provide advice regarding: (1) an existing or proposed regional reliability entity; and (2) proposed standards and fees. Excludes Alaska and Hawaii from the provisions of this Act. Amends the Public Utility Regulatory Policies Act of 1978 (PURPA) to direct the Secretary of Energy to develop a model code to ensure electric facility safety and reliability. Amends the FPA to grant the consent of Congress to an agreement to establish a regional transmission planning agency subject to specified FERC determinations. Establishes an Electricity Outage Investigation Board to investigate the causes of a major domestic bulk-power system failure. Requires the Secretary to contract with the National Academy of Sciences to study and report to the President and Congress on the reliabi…