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Grid Modernization and Transparency: Lower Costs, Reliable Power, and Clean Energy Access.

This law requires the Federal Energy Regulatory Commission (FERC) to overhaul how major electricity transmission lines are planned and funded. The goal is to reduce consumer electricity costs, make the grid more resilient against severe weather, and efficiently integrate renewable energy sources. It also mandates greater transparency in power generation data and strengthens the public's voice in grid management decisions.
Key points
Mandatory long-term planning: New rules require building transmission lines based on future needs, focusing on cost reduction, reliability, and climate resilience.
Real-time data access: Public utilities must provide free, accessible, hourly data on power generation, congestion costs, and associated greenhouse gas emissions.
Consumer protection and governance: Increased transparency in regional grid operator decisions (public voting, recorded meetings) and required consumer representation on governing boards.
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Additional Information
Print number: 118_S_2480
Sponsor: Sen. Markey, Edward J. [D-MA]
Process start date: 2023-07-25