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, by rule, incentive-based, performance-based, participant-funded, and cost-based rate treatments for the transmission of electric energy in interstate commerce by public utilities. Grants FERC jurisdiction over an Electric Reliability Organization (ERO) certified by FERC, regional entities, and all users, owners, and operators of the bulk-power system, for purposes of approving reliability standards and enforcing compliance with this Act. Prescribes guidelines for ERO certification and reliability standards. Urges the President to negotiate international agreements with the governments of Canada and Mexico to provide for: (1) effective compliance with reliability standards; and (2) the effectiveness of the ERO in the United States and Canada or Mexico. Instructs FERC to establish a regional advisory body on the petition of at least two-thirds of the States within a region that have more than one-half of their electric load served within the region. Exempts Hawaii and Alaska from application of electric reliability standards under this Act. Repeals the re…