A bill to eliminate the unnecessary paperwork and reporting requirements contained in the Public Utility Regulatory Policies Act of 1978.

Repeals requirements under the Public Utility Regulatory Policies Act of 1978 that State regulatory authorities and nonregulated electric utilities report to the Secretary of Energy on their consideration of the ratemaking standards established by such Act and that the Secretary report annually to the President and Congress on their reports and on Federal action with respect to retail electric utility rates.