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New Rules for Sharing Electric Grid Expansion Costs

This act introduces new rules for allocating the costs of building and upgrading large interstate and offshore electric power transmission lines. The goal is to streamline the financing of projects crucial for grid stability and resilience, potentially impacting electricity supply reliability and energy bills.
Key points
Allows for the allocation of costs for new or upgraded large transmission lines (over 1000 MW or 500 MW expansion) among customers in regions that benefit from them.
Cost allocation will consider a broad range of benefits, including reliability, economic advantages, public policy alignment, and grid resilience.
Aims to strengthen the national electric grid, which could lead to more stable power supplies for citizens.
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Additional Information
Print number: 118_HR_2750
Sponsor: Rep. Castor, Kathy [D-FL-14]
Process start date: 2023-04-20