A broad-ranging law designed to reduce U.S. dependence on imported oil, it includes several programs that deal with alternative-transportation fuels. EPAct accelerated the AFVÂ purchase requirements by federal agency and specified state government and alternative-fuel provider fleets.
This legislation creates a new class of power generators, exempt wholesale generators, that are exempt from the provisions of the Public Holding Company Act of 1935 and grants the authority to the Federal Energy Regulatory Commission to order and condition access by eligible parties to the interconnected transmission grid.
Comprehensive federal legislation enacted in 1992, resulting in fundamental changes in the electric utility industry by promoting competition in wholesale electricity markets. Title VII of the Act makes it easier for non-utility power producers to participate in the electric generation market by exempting them from the restrictions of the Public Utility Holding Company Act of 1935 (PUHCA). EPAct also authorized the Federal Energy Regulatory Commission (FERC) to order utilities to provide open access to their transmission lines to other utilities, non-utility generators and other electricity wholesalers. In April 1996, FERC promulgated Orders 888 and 889, which implemented EPAct's open access provisions.