Electric Transmission and Reliability Enhancement Act of 2005

[AI summary unavailable — showing source text] Electric Transmission and Reliability Enhancement Act of 2005 - Amends the Federal Power Act to authorize the Federal Energy Regulatory Commission (FERC) to require an unregulated transmitting utility to provide transmission services: (1) at rates comparable to those that it charges itself; and (2) on terms and conditions comparable to FERC rules requiring public utilities to offer open access transmission services that are not unduly discriminatory or preferential. Designates the Department of Energy as the lead agency for conducting environmental review of electric power transmission corridors across Federal lands. Amends the Federal Land Policy and Management Act of 1976 to direct the Secretaries of the Interior and of Agriculture to give priority for electric power transmission corridor rights-of-way across Federal lands. Grants FERC jurisdiction over: (1) Electric Reliability Organizations; (2) regional entities; and (3) all users, owners and operators of the bulk-power system. Exempts Alaska and Hawaii from such provisions. Repeals the Public Utility Holding Company Act of 1935. States that no electric utility shall be required to enter into a new contract or obligation to pu…