Public Energy Act

[AI summary unavailable — showing source text] Public Energy Act - Title I: Declaration of Policy - Declares it unlawful after the date of enactment of this Act for any person engaged in commerce in the business of refining energy resource products to acquire any energy resource product extraction asset, energy pipeline asset, or energy marketing asset. States that the Attorney General of the United States and the Federal Trade Commission shall simulataneously and independently examine the relationship of persons now engaged in one or more branches of the energy industry. Requires the Attorney General and the Federal Trade Commission to institute suits in the district courts of the United States requesting the issuance of such relief as is appropriate under this Act. Provides that any person who knowingly violates any provision of this title shall, upon conviction, be punished, in the case of an individual, by a fine of not to exceed $500,000 or by imprisonment for a period not to exceed ten years, or both, or in the case of a corporation, by a fine of not to exceed $5,000,000 or by suspension of the right to do business in interstate commerce for a period not to exceed ten years, or both. Title II: Federal Energy Commission - …