National Electrical Energy Conservation Act

[AI summary unavailable — showing source text] National Electrical Energy Conservation Act - Title I: National Power Grid and Regional Bulk Power Distribution - Creates a National Power Grid Corporation to establish and operate a national power grid system consisting of electric power generating faciities and a system of very high voltage transmission lines which shall interconnect such generating facilities and the transmission systems of each regional corporation established by the Corporation pursuant to this Act. Provides that such regional corporations shall be the exclusive marketing agency for the National Grid in that region. Authorizes electric utilities, publicly or privately owned, to enter into agreements for services with the regional corporation. Places specified conditions on any such contract for services and the rates at which power marketed for the National Grid may be sold. Directs the National Grid to carry out a program of research and development in the area of electric power generation and transmission, giving preference to environmental protection and land use research priorities. Authorizes up to $250,000,000 per fiscal year to carry out such program. Transfers specified federally owned facilities to th…