[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7624 Introduced in House (IH)]
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118th CONGRESS
2d Session
H. R. 7624
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 grid-enhancing technology to the
developer of that grid-enhancing technology, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 12, 2024
Ms. Castor of Florida (for herself, Mr. Tonko, and Mr. Peters)
introduced the following bill; which was referred to the Committee on
Energy and Commerce
_______________________________________________________________________
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 grid-enhancing technology to the
developer of that grid-enhancing technology, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Advancing Grid-Enhancing
Technologies Act of 2024'' or the ``Advancing GETs Act of 2024''.
SEC. 2. DEFINITIONS.
In this Act:
(1) Commission.--The term ``Commission'' means the Federal
Energy Regulatory Commission.
(2) Grid-enhancing technology.--The term ``grid-enhancing
technology'' means any hardware or software that--
(A) increases the capacity, efficiency,
reliability, resilience, or safety of transmission
facilities and transmission technologies; and
(B) is installed in addition to transmission
facilities and transmission technologies--
(i) to give operators of the transmission
facilities and transmission technologies more
situational awareness and control over the
electric grid;
(ii) to make the transmission facilities
and transmission technologies more efficient;
or
(iii) to increase the transfer capacity of
the transmission facilities and transmission
technologies.
(3) Secretary.--The term ``Secretary'' means the Secretary
of Energy.
SEC. 3. SHARED SAVINGS INCENTIVE FOR GRID-ENHANCING TECHNOLOGIES.
(a) Definition of Developer.--In this section, the term
``developer'', with respect to grid-enhancing technology, means the
entity that pays to install the grid-enhancing technology.
(b) Establishment of Shared Savings Incentive.--Not later than July
1, 2025, the Commission shall promulgate a final rule to implement
section 219(b)(3) of the Federal Power Act (16 U.S.C. 824s(b)(3)) by
providing a shared savings incentive that returns a portion of the
savings attributable to an investment in grid-enhancing technology to
the developer of that grid-enhancing technology, in accordance with
this section.
(c) Requirements.--
(1) In general.--The Commission shall determine the
percentage of savings attributable to an investment in grid-
enhancing technology that can be returned to the developer of
that grid-enhancing technology pursuant to the shared savings
incentive established under subsection (b), subject to the
condition that the percentage is not less than 10 percent and
not more than 25 percent.
(2) Time period for recovery.--The shared savings incentive
established under subsection (b) shall return a percentage,
determined in accordance with paragraph (1), of the applicable
savings to the developer of the applicable grid-enhancing
technology over a period of 3 years.
(d) Eligibility.--Subject to subsection (e), the shared savings
incentive established under subsection (b) shall apply with respect
to--
(1) any developer, with respect to the investment of that
developer in grid-enhancing technology that is installed as
described in section 2(2)(B); and
(2) any grid-enhancing technology, including--
(A) grid-enhancing technology that relates to new
transmission facilities or technologies; and
(B) grid-enhancing technology that relates to
existing transmission facilities or technologies.
(e) Limitations.--
(1) Minimum savings.--
(A) In general.--The shared savings incentive
established under subsection (b) shall apply with
respect to an investment in grid-enhancing technology
only if the expected savings attributable to the
investment over the 3-year period described in
subsection (c)(2), as determined by the Commission, are
at least 4 times the cost of the investment.
(B) Determination.--
(i) In general.--The Commission shall
determine how to quantify the cost of an
investment and the expected savings
attributable to an investment for purposes of
subparagraph (A).
(ii) Costs.--For purposes of subparagraph
(A), the cost of an investment may include any
costs associated with the permitting,
installation, or purchase of the applicable
grid-enhancing technology.
(2) Already installed gets.--The shared savings incentive
established under subsection (b) may not be applied with
respect to grid-enhancing technology that is already installed
as of the date of enactment of this Act.
(3) Consumer protection.--The Commission shall determine
appropriate consumer protections for the shared savings
incentive established under subsection (b).
SEC. 4. CONGESTION REPORTING.
(a) In General.--Beginning on the date that is 1 year after the
effective date of the rule promulgated under subsection (b), all
operators of transmission facilities or technologies shall submit to
the Commission annual reports containing data on the costs associated
with congestion management with respect to the transmission facilities
or technologies.
(b) Rulemaking.--Not later than July 1, 2025, the Commission shall
promulgate a final rule establishing a universal metric and protocol
for the measuring and reporting of data under subsection (a).
(c) Uses of Data.--
(1) Analyses.--
(A) In general.--The Commission and the Secretary
shall each use the data submitted under subsection (a)
to conduct analyses, as the Commission or the
Secretary, as applicable, determines to be appropriate.
(B) Coordination.--The Commission and the Secretary
may coordinate with respect to any analyses conducted
using the data submitted under subsection (a).
(2) Map.--The Commission and the Secretary, acting jointly,
shall--
(A) use the data submitted under subsection (a) to
create a map of costs associated with congestion
management in the transmission system; and
(B) update that map not less frequently than once
each year.
(d) Publication of Data and Map.--The Commission and the Secretary
shall make the data submitted under subsection (a) and the map
described in subsection (c)(2) publicly available on the websites of--
(1) the Commission; and
(2) the Department of Energy.
SEC. 5. GRID-ENHANCING TECHNOLOGY APPLICATION GUIDE.
(a) Definition of Developer.--In this section, the term
``developer'' means a developer of transmission facilities or
transmission technologies, including a developer of transmission
facilities or transmission technologies that pays to install grid-
enhancing technology with respect to those transmission facilities or
transmission technologies.
(b) Establishment of Application Guide.--Not later than July 1,
2025, the Secretary shall establish an application guide for utilities
and developers seeking to implement grid-enhancing technologies.
(c) Updates.--The guide established under subsection (b) shall be
reviewed and updated annually.
(d) Technical Assistance.--
(1) In general.--On request of a utility or developer using
the guide established under subsection (b), the Secretary shall
provide technical assistance to that utility or developer with
respect to the use of grid-enhancing technologies for
particular applications.
(2) Clearinghouse.--In carrying out paragraph (1), the
Secretary shall establish a clearinghouse of previously
completed grid-enhancing technology projects that the
Secretary, utilities, and developers may use to identify issues
and solutions relating to the use of grid-enhancing
technologies for particular applications.
(e) Authorization of Appropriations.--There are authorized to be
appropriated to carry out this section, to remain available until
expended--
(1) $5,000,000 for fiscal year 2024; and
(2) $1,000,000 for each of fiscal years 2025 through 2035.
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