Bill > HR603

This bill directs the Federal Energy Regulatory Commission (FERC) to develop and implement a comprehensive process for improving electricity transfer capabilities between adjacent transmission planning regions. Specifically, the bill requires FERC to create regulations within 24 months that establish a standardized method for calculating existing transfer capabilities between neighboring transmission regions, ensuring a consistent approach to measuring electricity transfer potential. The regulations must also help determine minimum transfer capabilities that can maintain grid reliability during extreme weather events, physical disruptions, or cyberattacks. Transmission planning entities will be required to file plans every five years detailing how they will select and allocate costs for interregional transmission projects that achieve these minimum transfer capabilities. The bill provides detailed definitions of transmission benefits, which include improved reliability, reduced congestion, access to lower-cost and lower-emission electricity generation, and enhanced grid resilience. Additionally, the bill mandates that FERC publish annual reports on the implementation of these requirements. The legislation aims to strengthen the national electrical grid's ability to withstand and respond to various challenges by promoting better interconnectivity between regional transmission systems.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/603/all-info