Electric Utility Regulatory Reform Act

[AI summary unavailable — showing source text] Electric Utility Regulatory Reform Act - Title I: General Provisions - States that the purpose of the Act is to reform specified aspects of electric utility regulation. Defines terms as used in the Act. Title II: Utility Rate Reform - Requires all electric utilities to implement peak-load pricing. Prohibits unjustified differences in rates to different classes of consumers. Specifies that costs such as advertising and fines shall not be treated as operating costs by the utilities. Title III: Utility Planning and Siting Reform - Requires electric utilities to prepare long-range plans for power supply facilities which include site selection. Provides that the plan shall be submitted to the appropriate regulatory authorities and shall be made available to the public. Directs the Federal Energy Commission to establish annual target rates for electric energy growth. Calls for sharing of facilities by utilities. Title IV: Reliability and Financial Aid to Utilities - Requires the Commission to establish reliability standards for the utilities. Provides for loan guarantees to utilities of no more than $200,000,000 with an overall limit of $2,000,000,000 on outstanding guarantees. Title V: …