Definition of Energy Policy Act (EPACT)

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TeachMeFinance.com - explain Energy Policy Act (EPACT)



Energy Policy Act (EPACT)

The term 'Energy Policy Act (EPACT)' as it applies to the area of reclamation can be defined as ' Comprehensive federal legislation enacted in 1992 that is resulting in fundamental changes in the electric utility industry by promoting competion in wholesale electricity markets. Title VII, the electricity title of the Act, made it easier for non-utility producers to participate in the electric generation market by exempting them from regulatory restrictions imposed by the Public Utility Holding Company Act of 1935 (PUHCA). EPAct also authorized FERC to order utilities to provide access to their transmission lines to other utilities, non-utility producers, and other participants in the wholesale electricity market'.

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Energy Policy Act of 1992 (EPACT)
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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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