DEFINITIONS.

SEC. 1291. [42 U.S.C. 16481] DEFINITIONS. (a) Commission.—In this title, the term “Commission” means the Federal Energy Regulatory Commission. (b) Amendment.—Section 3 of the Federal Power Act (16 U.S.C. 796) is amended— (1) by striking paragraphs (22) and (23) and inserting the following: “(22) Electric utility.—(A) The term ‘electric utility’ means a person or Federal or State agency (including an entity described in section 201(f)) that sells electric energy. “(B) The term ‘electric utility’ includes the Tennessee Valley Authority and each Federal power marketing administration. “(23) Transmitting utility.—The term ‘transmitting utility’ means an entity (including an entity described in section 201(f)) that owns, operates, or controls facilities used for the transmission of electric energy— “(A) in interstate commerce; “(B) for the sale of electric energy at wholesale.” ; and (2) by adding at the end the following: “(26) Electric cooperative.—The term ‘electric cooperative’ means a cooperatively owned electric utility. “(27) RTO.—The term ‘Regional Transmission Organization’ or ‘RTO’ means an entity of sufficient regional scope approved by the Commission— “(A) to exercise operational or functional control of facilities used for the transmission of electric energy in interstate commerce; and “(B) to ensure nondiscriminatory access to the facilities. “(28) ISO.—The term ‘Independent System Operator’ or ‘ISO’ means an entity approved by the Commission— “(A) to exercise operational or functional control of facilities used for the transmission of electric energy in interstate commerce; and “(B) to ensure nondiscriminatory access to the facilities. “(29) Transmission organization.—The term ‘Transmission Organization’ means a Regional Transmission Organization, Independent System Operator, independent transmission provider, or other transmission organization finally approved by the Commission for the operation of transmission facilities.” . (c) Applicability.—Section 201(f) of the Federal Power Act (16 U.S.C. 824(f)) is amended by striking “political subdivision of a state,” and inserting “political subdivision of a State, an electric cooperative that receives financing under the Rural Electrification Act of 1936 (7 U.S.C. 901 et seq.) or that sells less than 4,000,000 megawatt hours of electricity per year,”.