A bill to direct the Federal Energy Regulatory Commission to impose cost-of-service based rates on sales by public utilities of electric energy at wholesale in the western energy market.

Directs the Federal Energy Regulatory Commission (FERC) to impose cost-of-service based rates on sales by public utilities of electric energy at wholesale in the western energy market. Mandates that such imposed cost-of-service based electric energy rates remain in effect until the market for electric energy in the western energy market reflects just and reasonable rates as determined by FERC.