Energy Cost Parity Act

[AI summary unavailable — showing source text] Energy Cost Parity Act - Authorizes the Federal Energy Administrator to pay 75 percent of the cost of residual fuel oil over the baseline price ($7.50 per barrel for calendar year 1975) to regulated public utilities. States that payments to regulated public utilities under this Act shall not, in any event, exceed $3.00 per barrel of residual oil used to generate electricity. States that only regulated public utilities transferring the cost reductions resulting from payments under this Act shall be eligible to receive such payments.…