To accelerate the modernization of the national electric grid by supporting advanced conductors and related systems, and for other purposes.
About This Bill
Committee
Latest Action · July 23, 2026
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill aims to modernize the nation's electrical grid by promoting the replacement of aging transmission conductors with advanced, high-capacity alternatives. The legislation allows utility companies to conduct studies evaluating whether upgrading to advanced conductors or optimizing existing rights-of-way can address grid congestion, capacity constraints, and reliability issues, with results to be submitted to the Department of Energy and made public. The bill streamlines environmental review by treating qualifying grid modernization projects as categorical exclusions under the National Environmental Policy Act, avoiding lengthy environmental assessments when extraordinary circumstances are not present. To incentivize these upgrades, the legislation creates federal tax credits for high-performance transmission property, offering a base credit rate of 6 percent and up to 30 percent for smaller projects or those meeting specific domestic content and workforce requirements. The Treasury Department has 18 months from enactment to issue regulations implementing these tax credit provisions, with the credits available for property placed in service after the bill becomes law.
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