Energy Policy and Conservation Act Amendments of 1994

Energy Policy and Conservation Act Amendments Act of 1994 - Amends the Energy Policy and Conservation Act to repeal the loan guarantee program for development of underground coal mines.

Transfers the Strategic Petroleum Reserve Office from the Federal Energy Administration to the Secretary of Energy.

Repeals the mandates for: (1) a Strategic Petroleum Reserve (SPR) Plan (while retaining authority for a one billion barrel Reserve); (2) an Early Storage Reserve; (3) a minimum fill rate; and (4) Utility, Coal, and Remote Crude Oil and Natural Gas Reserves.

Makes the Regional Petroleum Reserve part of the SPR.

Revises SPR operation and maintenance guidelines affecting expansion, drawdown, and distribution plans.

Revises SPR drawdown and distribution guidelines, including: (1) a repeal of the Secretary's allocation authority; and (2) a mandate that the Secretary sell SPR petroleum at public sale to the highest bidder.

Revises: (1) SPR annual reporting requirements; and (2) guidelines governing the obligation of funds from the SPR Petroleum Account.

Extends the authorities relating to the SPR through FY 1999.

Repeals general emergency authorities for energy conservation, rationing, and related contingency plans.

Revises guidelines governing: (1) international voluntary agreements affecting emergency responses; (2) the applicability of the Defense Production Act of 1950; and (3) antitrust defenses applicable to international voluntary agreements.

Extends through FY 1999 the authorization of appropriations for interagency working groups to promote export of renewable energy and energy efficiency products and services.

Extends emergency energy authorities through FY 1999.

Extends authorizations of appropriations through FY 1999 for: (1) State energy conservation programs; and (2) the energy conservation program for schools and hospitals.

Amends the Energy Conservation and Production Act to extend through FY 1999 the authorization of appropriations for the weatherization assistance program for low-income persons.