Lifeline and Electric Rate Reform Act

[AI summary unavailable — showing source text] Lifeline and Electric Rate Reform Act - Title I: General Provisions - Declares it the purpose of this Act to reform inequities in the structure of electric utility rates. Title II: Definitions - Defines the terms used in this Act. Defines the scope of coverage under this Act. Stipulates that direct Federal regulation shall not apply where regulation is specifically reserved and effectively enforced by the States in accordance with applicable national minimum standards. Title III: Electric Energy Office - Creates an Electric Energy Office in the Federal Power Commission to establish and enforce National Minimum Standards for Ratemaking to be binding upon all electric utility regulatory agencies. Requires that all electric utilities and local distributors furnish monthly reports to the office disclosing information on the amount of electric energy supplied, the amount and rate of charges for each consumer class, and the amount and costs of fuel utilized by each utility. Imposes criminal and civil penalties for failure to make full disclosure of such information. Title IV: Rate Structures - Directs the Federal Power Commission, in the exercise of its regulatory functions, to accord hi…