16 U.S.C. § 824r : US Code - Section 824R: Protection of transmission contracts in the Pacific Northwest

Search 16 U.S.C. § 824r : US Code - Section 824R: Protection of transmission contracts in the Pacific Northwest

(a) Definition of electric utility or person
In this section, the term "electric utility or person" means an
electric utility or person that -
(1) as of August 8, 2005, holds firm transmission rights
pursuant to contract or by reason of ownership of transmission
facilities; and
(2) is located -
(A) in the Pacific Northwest, as that region is defined in
section 839a of this title; or
(B) in that portion of a State included in the geographic
area proposed for a regional transmission organization in
Commission Docket Number RT01-35 on the date on which that
docket was opened.
(b) Protection of transmission contracts
Nothing in this chapter confers on the Commission the authority
to require an electric utility or person to convert to tradable or
financial rights -
(1) firm transmission rights described in subsection (a) of
this section; or
(2) firm transmission rights obtained by exercising contract or
tariff rights associated with the firm transmission rights
described in subsection (a) of this section.