A bill to amend the Federal Power Act to provide that certain large electric utility rate increases may not take effect for one year.

Amends the Federal Power Act to provide that electric utility rate increases which exceed the electric utility rates for the previous calendar year by more than 20 percent shall not take effect for one year after such rate increases have been filed with and approved or adopted by the Federal Energy Regulatory Commission.

Requires the Commission to study and report to Congress on: (1) the sufficiency of the statutory directive which permits the Commission to distinguish between conventional sources of electric power and newer sources in establishing electric power rates; and (2) the general standards which apply to the determination of electric power rates under electric power pooling arrangements.