Electric Utility Rate and Structural Reform Act

[AI summary unavailable — showing source text] Electric Utility Rate and Structural Reform Act - Title I: Declaration of Policy and Definitions - Declares the purposes of this Act to be: (1) increasing efficiency in the electric utility industry; (2) insuring that rates reflect true service costs; and (3) fostering competition to supplement existing regulation. Defines "capacity factor," "marginal cost," "load management," "load factor," "peak service," "class A" and "Class B electric utilities," and other terms relevant to this Act. Title II: Load Management Procedures - Directs the Administrator of the Federal Energy Administration to prescribe regulations instructing class A and class B utilities to implement rate reform and effective loan management techniques. Requires such utilities to submit annual reports to the Administrator demonstrating their compliance with the prescribed regulations. Title III: Amendments to Federal Power Act - Empowers the Federal Power Commission, when necessary to foster competition or promote the public interest, to direct a public utility: (1) to extend or improve its transmission facilities; (2) to establish physical connection of its transmission facilities with the facilities of persons or …