President's Energy Plan -- Text of Key Electricity Recommendations

Below is the exact wording of the recommendations in the Cheney energy report
released today as the recommendations relate to electricity issues.

"The NEPD Group recommends that the President direct the Secretary of Energy
to propose comprehensive electricity legislation that promotes competition,
protects consumers, enhances reliability, promotes renewable energy, improves
efficiency, repeals the Public Utility Holding Company Act, and reforms the
Public Utility Regulatory Policies Act."

"The NEPD Group recommends that the President encourage FERC to use its
existing statutory authority to promote competition and encourage investment
in transmission facilities."

More details to follow. We expect to have the full report document shortly.