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 the development of underground coal mines.

(Sec. 3) Transfers the Strategic Petroleum Reserve Office from the Federal Energy Administration to the Secretary of Energy (the Secretary). Directs the Secretary to: (1) exercise authority over the Strategic Petroleum Reserve (SPR) through such Office; and (2) transmit biennially to the Congress a Strategic Petroleum Reserve Operating and Readiness Plan.

Repeals the mandate for: (1) an SPR August 12, 1994, Plan (while retaining authority for a one billion barrel Reserve); (2) an Early Storage Reserve; and (3) a minimum fill rate.

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. Repeals the mandate for congressional review of contracts for which no implementing legislation is needed.

Extends the authorities relating to the SPR through FY 1999.

(Sec. 4) Repeals general emergency authorities. Revises guidelines governing: (1) international voluntary agreements affecting emergency responses; and (2) antitrust defenses applicable to international voluntary agreements.

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

Repeals energy emergency preparedness authority.

Extends other emergency energy authorities through FY 1999.

(Sec. 5) Extends authorizations of appropriations through FY 1999 for: (1) State energy conservation programs; and (2) the energy conservation program for schools and hospitals.

Modifies the statutory mandate that the President collect certain petroleum product information.

(Sec. 6) Amends the Renewable Energy and Energy Efficiency Technology Competitiveness Act of 1989 to extend the authorization of appropriations to the period encompassing FY 1996 through 1998.

(Sec. 7) Amends the Elwha River Ecosystem and Fisheries Restoration Act to authorize appropriations directly to the Secretary of the Interior (currently for expenditure through the Assistant Secretary for Fish, Wildlife, and Parks).

(Sec. 8) Amends the Federal Power Act to: (1) extend the deadline for certain eligible solar, wind, waste, or geothermal facilities to submit specified documentation and commence construction; and (2) direct the Secretary of Energy to study and report to the Congress on the current implementation of the Public Utility Regulatory Policies Act of 1978.