Truth in Electricity Revenue Reporting Act of 2002

Truth in Electricity Revenue Reporting Act of 2002 - Amends the Securities Exchange Act of 1934 to subject to liability for misleading statements a financial statement or report of an issuer that treats as revenue, but not as an equal expense, any arrangement to purchase from and subsequently sell to the same person or entity, within any seven-day period, the same quantity of electric power at wholesale at the same price (fraudulent reporting of round trip electric power sales).