Bill Number: S. 1231
Short Title: Electricity Information Disclosure Efficiency, and Accountability Act
Introduced: July 24, 2001
Sponsor: Senator Ron Wyden (D-OR)

Purpose: To amend the Federal Power Act to establish a system for market participants, regulators, and the public to have access to certain information about the operation of electricity power markets and transmission systems.

Summary: Amends the Federal Power Act to instruct the Federal Energy Regulatory Commission to promulgate regulations requiring each system operator to establish a standardized information system that provides access (including access on the Internet) to: (1) bulk-power system operating data for all users of the bulk-power system, State regulatory authorities, and the public; and (2) market-bid data for designated persons. Provides for protection of commercially sensitive data upon petition of a bulk-power system user. Restricts disclosure of bidder identity to duly authorized State and Federal regulatory agencies.