Bill
Bill > S3918
summary
Introduced
03/12/2024
03/12/2024
In Committee
03/12/2024
03/12/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To require the Federal Energy Regulatory Commission to establish a shared savings incentive to return a portion of the savings attributable to an investment in gridenhancing technology to the developer of that grid-enhancing technology, and for other purposes.
AI Summary
This bill, the Advancing Grid-Enhancing Technologies Act of 2024 (or the Advancing GETs Act of 2024), requires the Federal Energy Regulatory Commission (FERC) to establish a shared savings incentive that returns a portion of the savings (between 10-25%) from investments in grid-enhancing technologies to the developer of those technologies. The bill defines grid-enhancing technologies as hardware or software that increase the capacity, efficiency, reliability, resilience, or safety of transmission facilities and technologies. The bill also requires transmission operators to report data on congestion management costs, which FERC and the Department of Energy will use to analyze and map congestion in the transmission system. Additionally, the Department of Energy must establish an application guide and provide technical assistance to utilities and developers seeking to implement grid-enhancing technologies.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Read twice and referred to the Committee on Energy and Natural Resources. (on 03/12/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/3918/all-info |
| BillText | https://www.congress.gov/118/bills/s3918/BILLS-118s3918is.pdf |
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