FERC Rulemaking on Long-Term Transmission Rights in Organized Markets
[Pub. L. 109–58, title XII, § 1233(b)], Aug. 8, 2005, [119 Stat. 960], provided that: “Within 1 year after the date of enactment of this section [Aug. 8, 2005] and after notice and an opportunity for comment, the [Federal Energy Regulatory] Commission shall by rule or order, implement section 217(b)(4) of the Federal Power Act [16 U.S.C. 824q(b)(4)] in Transmission Organizations, as defined by that Act [16 U.S.C. 791a et seq.] with organized electricity markets.”