National Power Grid Act

[AI summary unavailable — showing source text] National Power Grid Act - Title I: National Power Grid and Regional Bulk Power Distribution - Creates the National Power Grid Corporation which shall establish and operate a national power grid system. Specifies that the National Grid shall have a three member Board of Directors, which shall be appointed by the President, by and with the advice and consent of the Senate, and which shall exercise the functions of the National Grid. Directs the National Grid to establish and operate a national power grid system, consisting of large electric power generating facilities, and a system of very high voltage transmission lines which, to the extent practicable, shall interconnect such generating facilities and the transmission systems of each regional corporation. Provides that the National Grid shall contract to sell electric power to regional corporations at uniform rates throughout the United States which rates shall be set at the lowest possible level consistent with sound business principles and the environmental protection requirements of this Act. Directs the National Grid to provide base load, peaking, or other power to regional corporations to meet requirements of which the Nationa…