H.R. 603 requires the Federal Energy Regulatory Commission to strengthen electricity transfer between neighboring transmission regions to improve grid reliability during extreme weather, cyberattacks, and other disruptions. The bill directs the Commission to establish rules within 24 months for calculating transfer capacity between adjacent regions, setting minimum transfer standards, and identifying transmission projects needed to meet those standards. Transmission planning entities in adjacent regions must then file joint plans for Commission approval every five years that outline specific projects to achieve these minimum transfer capabilities. The legislation broadly defines "transmission benefits" to include improved reliability, safety, reduced costs, cleaner energy access, and environmental health improvements. The Commission must report annually on implementation progress. The bill affects electricity grid operators, utilities, and ultimately consumers who depend on reliable power supply, though no specific funding amount is specified in the text.
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