A bill to promote commerce and amend the Federal Power Act to establish a Federal power research and development program to increase efficiencies of electric energy production and utilization, reduce environmental impacts, develop new sources of clean energy, and for other purposes.

[AI summary unavailable — showing source text] Establishes a Federal Power Research and Development Board which shall consist of five persons appointed by the President, by and with the advice and consent of the Senate. Provides that, ninety days after enactment of this title, every person purchasing electric energy for consumption, and every person generating more than one million kilowatt-hours per year of electric energy for his own consumption shall pay a fee equal to 1 percent of his total charge for electric energy for all such electric energy purchased and consumed, or 1 percent of the fair market value, as determined by the Federal Power Commission, of the electric energy produced where the electric energy is generated by any person for his own consumption. Requires all persons distributing electric energy affecting interstate commerce, including private companies, cooperatives, and agencies of local, state, and the Federal Government to include as part of the normal bill or invoice issued to any person purchasing electric energy for consumption an additional amount equal to 1 percent of the total charge for electric energy. Provides that such persons distributing electric power affecting interstate commerce are require…