Bill
Bill > HR7624
summary
Introduced
03/12/2024
03/12/2024
In Committee
03/15/2024
03/15/2024
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 program that would return a portion of the savings (between 10% and 25%) from investments in grid-enhancing technologies to the developers of those technologies. The bill also mandates FERC and the Department of Energy to collect and analyze data on transmission congestion costs, create a map of those costs, and make the information publicly available. Additionally, the bill directs the Secretary of Energy to establish a guide and provide technical assistance to utilities and developers seeking to implement grid-enhancing technologies.
Committee Categories
Agriculture and Natural Resources, Business and Industry
Sponsors (6)
Kathy Castor (D)*,
Sean Casten (D),
Ann Kuster (D),
Scott Peters (D),
Kim Schrier (D),
Paul Tonko (D),
Last Action
Referred to the Subcommittee on Energy, Climate and Grid Security. (on 03/15/2024)
Bill Topics
Energy
- ‐ Electricity and Hydroelectricity
- ‐ General Energy
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/7624/all-info | 03/13/2024 |
| BillText | https://www.congress.gov/118/bills/hr7624/BILLS-118hr7624ih.pdf | 03/21/2024 |
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