Federal utility participation in transmission organizations

In this section: The term “appropriate Federal regulatory authority” means— The term “Federal power marketing agency” has the meaning given the term in section 796 of title 16. The term “Federal utility” means— The term “Transmission Organization” has the meaning given the term in section 796 of title 16. The term “transmission system” means an electric transmission facility owned, leased, or contracted for by the United States and operated by a Federal utility. The appropriate Federal regulatory authority may enter into a contract, agreement, or other arrangement transferring control and use of all or part of the transmission system of a Federal utility to a Transmission Organization. The contract, agreement, or arrangement shall include— performance standards for operation and use of the transmission system that the head of the Federal utility determines are necessary or appropriate, including standards that ensure— Neither this section, actions taken pursuant to this section, nor any other transaction of a Federal utility participating in a Transmission Organization shall confer on the Commission jurisdiction or authority over— No statutory provision requiring or authorizing a Federal utility to transmit electric power or to construct, operate, or maintain the transmission system of the Federal utility prohibits a transfer of control and use of the transmission system pursuant to, and subject to, the requirements of this section. This subsection does not—