National Energy Resources Improvement Act

[AI summary unavailable — showing source text] National Energy Resources Improvement Act - Title I: National Power Grid and Regional Bulk Power Distribution - Sets forth various definitions of terms used in this Act. Creates a body corporate by the name of the "National Power Grid Corporation" which shall establish and operate a national power grid system. Provides that the National Grid Corporation shall have a Board of Directors, which shall consist of three members appointed by the President, by and with the advice and consent of the Senate, and which shall direct the exercise of all of the functions of the National Grid Corporation. Directs the National Grid Corporation 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. Directs the National Grid Corporation to contract to sell electric power to regional corporations at rates which shall be uniform throughout the United States and which shall be set at the lowest possible level consistent with sound business principles and en…