Bill > S1327

This bill establishes a comprehensive framework for promoting and supporting Grid-Enhancing Technologies (GETs), which are hardware or software solutions designed to improve electrical transmission infrastructure's capacity, efficiency, reliability, and safety. The bill requires the Federal Energy Regulatory Commission (FERC) to create a shared savings incentive program that will return 10-25% of the savings from GETs investments back to the technology developers over a three-year period, but only for investments that generate savings at least four times their cost. The bill also mandates annual reporting from transmission facility operators about congestion management costs, requiring them to detail specific constraints and their associated expenses. Additionally, the Secretary of Energy must develop an application guide for utilities and developers interested in implementing GETs, providing technical assistance and establishing a clearinghouse of project information. The legislation includes provisions for evaluating the effectiveness of the shared savings incentive after 7-10 years, with the potential to modify or suspend the program based on its performance and alignment with existing transmission planning requirements. The bill aims to accelerate grid modernization by providing financial incentives and clear guidance for implementing advanced transmission technologies.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/senate-bill/1327/all-info