This bill creates financial incentives for companies that invest in grid-enhancing technologies—hardware and software that improve the efficiency, capacity, and reliability of the nation's electricity transmission system. The Federal Energy Regulatory Commission must establish rules within 18 months to return 10 to 25 percent of the savings generated by these technologies back to the developer over a three-year period, provided the investment saves at least four times its cost. The bill also requires transmission operators to report annually on congestion costs to the Commission, with the agency and Department of Energy jointly creating a public map of these costs to identify areas needing improvements. Additionally, the Department of Energy must develop an application guide and provide technical assistance to utilities and developers implementing grid-enhancing technologies, with $5 million authorized for fiscal year 2025 and $1 million annually through 2036. The incentive program will be evaluated between 7 and 10 years after implementation, with the Commission deciding whether to continue, revise, or suspend it based on its effectiveness and alignment with broader transmission planning requirements.
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