Provides $2 billion for the Bush administration's Clean Coal Power Initiative, authorizing $200 million annually for the project through 2011, with an additional $200 million per year through 2006 for further coal energy research and development.

Permits coal companies in the Powder River Basin of Wyoming and Montana to acquire additional federal lands without competitive bidding and to be eligible for royalty relief.

Favors a greater use of coal while protecting agriculture, water, and timber resources from any adverse effects.

Opposes any regulation or law that eliminates coal company liability for subsidence damage to structures caused by underground mining.

The Federal Energy Regulatory Commission and Federal Trade Commission would be required to increase consumer protections and to improve their oversight of market transactions. The Public Utility Holding Company Act would be repealed. It would expand federal regulation over transmission rates to include public power, federal power agencies, and rural cooperatives. It does not address trading strategies to manipulate energy markets that took place in the West Coast energy crisis of 2000-2001.

Utilities would be required to generate 10 percent of their electricity from renewable energy sources by 2020.

Repeals the Public Utility Regulatory Policies Act with modifications; eliminates mandatory purchase requirement with exceptions for cogeneration; directs utilities to provide real-time pricing and net-metering services; amends Federal Power Act to define Tennessee Valley Authority and federal power marketing agencies as electric utilities.

Grants the Federal Energy Regulatory Commission and Department of Energy more authority over power line siting process on public lands; gives FERC final "backstop" authority in power line siting process when states do not act; does not allow states to opt out of FERC's standard market design (SMD), but includes "native load" protections for utilities with fixed electricity loads; repeals the Public Utility Holding Company Act; repeals the requirement in the Public Utility Regulatory Policies Act of 1978 that utilities buy renewable or cogeneration power that is above market prices; leaves FERC merger review authority intact; encourages "voluntary" participation in regional transmission organizations (RTOs) for private and public utilities, including the Tennessee Valley Authority and the Bonneville Power Administration.

Includes a major concession sought by Southern and Western states to prevent FERC from expanding its authority over transmission and from issuing a rule to create a national electricity market. The bill would bring public power and federal power utilities under minimal FERC review.

Urges Congress to allow the states to draft legislation regarding deregulation of the power industry within their state. Supports legislation assuring all classes of consumers have universal access to electric service, with no exception to rural America.

Supports reform to the Public Utilities Regulatory Policies Act, so that non-utility generating stations operate to sell their output to competitive market rates and eliminate the oppressive rates being passed on to the consumer.

Supports the present federal Power Marketing Administrations.Opposes the forced deregulation of the publicly owned power industry to repair an entity that is not broken.

Gives the National Highway Traffic Safety Administration 15 months to propose tougher corporate average fuel economy (CAFE) standards.

The Transportation Department would be required to issue new regulations increasing fuel economy standards, taking into account 13 specific criteria such as jobs and safety.

Federal fleets must purchase at least 10 percent ethanol-blended gasoline.

Bans methyl tertiary butyl ether (MTBE), state exemptions possible;eliminates Clean Air Act 2 percent oxygenate mandate; 5 billion gallon renewable fuels mandate by 2012, with bank and trade program; prevents air pollution backsliding by strengthening EPA's 2001 mobile source toxic rule.

The renewable fuels standard (RFS) title includes a large-scale mandate for renewable fuel additives in gasoline, a mostly pro-ethanol scenario that would require 2.7 billion gallons to be used in the nation's fuel supply by 2005, ramped up to 5 billion gallons in 2015. Continues to allow the use of gasoline additive methyl tertiary butyl ether (MTBE) in states that have not moved to ban the suspected carcinogen and groundwater contaminant. Contains a significant transition package for the MTBE industry, including the authorization of up to $250 million a year in grants from 2004 to 2006. Also continues to provide a safe harbor exemption for MTBE producers, helping them avoid costly defective product liability lawsuits. That exemption would also apply to ethanol producers.

The RFS section also eliminates the Clean Air Act 2 percent oxygenate standard, a requirement that has meant many pollution-plagued states seeking to ban MTBE cannot do so without either gaining a federal waiver or finding an alternative. It includes a credit system that is aimed to ensure that areas without a sufficient ethanol infrastructure are not obliged to use it.

Supports increased development and use of ethanol and ethyl tertiary butyl ether (ETBE) in gasoline blends with adequate income tax incentives to make the production and use of ethanol and ETBE economically feasible.

Supports the goal of at least a 10% blend of ethanol to be used in at least 50% of all gasoline's sold for motor fuel to be made available in all states.

Encourages an investigation as to why ethanol blended fuels raised in price at the same rate as conventional petroleum products.

Supports concept thereof requiring the nation's fuels to contain a renewable component (Biodiesel and or Ethanol).

Allows administration to review any party's suggestions for alternative conditions dictating dam operations or construction of fishways, but requires administration to approve conditions submitted by licensee so long as the conditions meet mandatory environmental protection conditions.

Increases Bonneville Power Administration's borrowing authority from the administration's FY '03 budget request of $700 million to $1.3 billion.

Supports the preference concept of the Federal Power Act being granted to public power utilities in the licensing and relicensing of federal hydroelectric facilities.

Support granting co-preference in the licensing and relicensing of federal hydroelectric facilities to rural electric cooperatives.

Opposes any change in the 1937 congressional Bonneville Power Administration repayment agreement.

Almost 40 new renewable energy research and development programs would be launched. Authorizations would reach $733 million in fiscal 2006 with a four-year total of $2.5 billion.

Electricity suppliers must generate 10 percent of power from renewable energy sources by 2020.

Government must buy 7.5 percent of its energy from renewables by 2010.

The cost of renewable energy credits to help companies satisfy the RPS will cost 1.5 cents per kilowatt hour.

Supports a national energy policy that will encourage the development of all forms of domestic energy, traditional and alternative, including solar, wind, geothermal, ethanol, surf, shale, tar sands, hydroelectric, agricultural products, wastes, peat, wood, coal, coal gasification, oil, natural gas, nuclear, hydrogen, biodiesel and methanol in an environmentally sound manner without exploiting our parks and wildernesses in order to reduce our dependence on foreign oil.

Supports legislation to establish solid waste-to-energy plants that will produce power that can be accessed by public utility districts, rural electric cooperatives, and municipal utilities in an environmentally safe manner.

DOE will aggressively pursue construction of a new nuclear power plant by 2010.

Establishes a DOE Office of Spent Nuclear Fuel Research.

Reauthorizes the Price-Anderson nuclear liability insurance program for commercial nuclear power plants through 2012. DOE facilities would receive permanent authorization.

Supports a policy that will encourage the development of all forms of domestic energy, including nuclear.

Urges greater research toward safer disposal of nuclear waste.

Supports the careful selection by the Department of Energy of sites for the disposal of low level nuclear wastes, excluding prime agricultural, forest, and park land.

Urges that the public be involved in the decision to conduct additional research on the long-term consequences to the environment of the disposal of nuclear wastes.

Urges the Department of Energy to conduct an extensive educational program to inform citizens of the safeguards and hazards that are involved in the disposal of these wastes.

Supports legislation which would provide federal tax credits or tax deductions to growers or grower co-operatives who build or own ethanol production facilities.

Opposes increasing the federal gasoline tax for purposes other than the Highway Trust Fund.

Supports legislation to enact tax incentives to manufacturers of blended fuels to expand and develop more refineries for the use of farm commodities.

Urges Congress to maintain tax policies that will preserve the ability of this nation to find and produce domestic oil and gas resources. We oppose any increase in the oil import fee or the domestic crude oil fee.