Sponsored By: Representative Rep. Casten, Sean [D-IL-6]
Introduced
This bill would create a shared-savings incentive framework that lets transmission utilities recover part of verified cost savings for efficiency and grid-enhancing technologies. It pairs a FERC rule for utilities it regulates with DOE guidance, state grant support, and recurring DOE studies to measure impacts.
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3 provisions identified: 1 benefits, 0 costs, 2 mixed.
If enacted, the Commission would have one year to write a rule letting FERC-jurisdictional transmitting utilities recover part of verified transmission cost savings as an incentive. The rule would set a recoverable share between 10% and 60% and let utilities spread recovery over 2 to 5 years. Utilities could claim 50% of the recoverable percentage of estimated first-year savings when they file, and the Commission must act on filings or annual reports within 60 days. Verified savings must be measured and reconciled each year, and any excess recovery must be returned to ratepayers; the bill would also let these shared-savings amounts count as allowable transmission incentives under Section 219.
If enacted, the Secretary of Energy would publish guidance within two years to help states design shared-savings frameworks for non‑FERC utilities. The Secretary would also set up a grant program within two years to help state regulators pay for framework design and oversight; grants could not be used to pay utilities and must spend at least 30% on implementation/oversight, up to 70% on development, and up to 5% on federal admin. The Secretary must provide technical help with National Laboratories, keep a public registry, and report to Congress. The Secretary would also do a study within three years and every five years after that on transmission rate inefficiencies and alternative frameworks, and publish findings to inform future guidance.
If enacted, the bill would define who can use these shared-savings rules. A "covered transmitting utility" would be one subject to FERC Part II ratemaking and a "covered electric utility" would be one not under that FERC jurisdiction. A "covered action" must create cost savings for ratepayers and would not include building a new facility or a complete reconstruction. The bill also defines qualifying actions, advanced conductors, transmission losses, and related terms to set program scope.
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Rep. Casten, Sean [D-IL-6]
IL • D
There are no cosponsors for this bill.
No roll call votes available for this bill.
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Appropriations package that would fund Treasury and IRS while imposing rulemaking limits and detailed DC policy constraints, affecting taxpayers, community lenders, and DC residents.
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The Uruguay Round Agreements Act URAA of 1994 19 U.S.C. §§ 3501–3624 implemented U.S. membership in the World Trade Organization WTO and incorporated the Uruguay Round trade agreements — the broadest
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