U.S. Code > Title 16 Conservation > CHAPTER 12—FEDERAL REGULATION AND DEVELOPMENT OF POWER (§§ 791—828c) > SUBCHAPTER II—REGULATION OF ELECTRIC UTILITY COMPANIES ENGAGED IN INTERSTATE COMMERCE (§§ 824—824w) > § 824r. Protection of transmission contracts in the Pacific Northwest

§ 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.