Electric Power Reliability Act

[AI summary unavailable — showing source text] Electricity Power Reliability Act - Provides for the establishment or regional councils made up of electric systems in the respective regions for the purpose of carrying out regional and interregional coordination. Provides that annual reports will be required from each regional council to the Federal Power Commission and the Commission shall also transmit an annual report to the Congress detailing the effectiveness of the regional and interregional coordination efforts. Provides for the establishment of a National Electric Studies Committee to consolidate electric industry efforts to investigate major present and future problems in planning and operating bulk power supply facilities. Provides also for the establishment of advisory boards to assist the Commission in its consideration of matters coming before the Commission. Requires the filing with the Commission of all oral or written agreements for coordinated planning or operation of bulk power supply facilities between electric systems. Empowers the Commission, upon recommendation of a regional council or upon its own motion, to promulgate reliability standards for the planning and operation of bulk power facilities. Provides t…