Improving Power Grid Planning: Enhancing Reliability and Lowering Energy Costs.
This Act mandates the Federal Energy Regulatory Commission (FERC) to reform how major interregional power transmission lines are planned. The goal is to boost grid reliability and potentially reduce energy costs by ensuring more efficient power transfer across regions. New infrastructure costs will be allocated broadly to customers based on the specific benefits they receive, ensuring fairness in burden sharing.
Key points
Increased Grid Stability: Requires regular (at least every 2 years) and long-term (minimum 20 years) planning for interregional power lines.
Consumer Protection: Costs for new transmission projects must be allocated to customers based on the actual benefits (economic, reliability, resilience) they receive.
Streamlined Development: Developers can seek cost recovery for beneficial interregional projects, even if regional plans are not yet finalized, provided benefits outweigh costs.
Status:
Expired
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