H.R. 2703

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2703 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. R. 2703

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

April 8, 2025

Ms. Castor of Florida (for herself, Mr. Tonko, Mr. Peters, Mr. Casten, 
Ms. Schrier, Mr. Mullin, and Mr. Huffman) 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 2025'' or the ``Advancing GETs Act of 2025''.

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 18 
months after the date of enactment of this Act, 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 
conditions that the percentage--
(A) is not less than 10 percent and not more than 
25 percent;
(B) is not determined on a per-project, per-
investment, or case-by-case basis; and
(C) is applied consistently to all investments in 
grid-enhancing technology eligible for the shared 
savings incentive, regardless of the type of grid-
enhancing technology installed.
(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 transmission technologies; 
and
(B) grid-enhancing technology that relates to 
existing transmission facilities or transmission 
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).
(f) Evaluation and Sunset of Shared Savings Incentive.--
(1) Evaluation.--Not earlier than 7 years, and not later 
than 10 years, after the shared savings incentive is 
established under subsection (b), the Commission shall--
(A) evaluate the necessity and efficacy of the 
shared savings incentive; and
(B) determine whether to maintain, revise, or 
suspend the shared savings incentive.
(2) Consideration of order no. 1920.--In conducting the 
evaluation under paragraph (1)(A), the Commission shall 
consider--
(A) how the shared savings incentive aligns with 
the requirement that grid-enhancing technologies be 
considered in long-term regional transmission planning 
under Order No. 1920 of the Commission, entitled 
``Building for the Future Through Electric Regional 
Transmission Planning and Cost Allocation'' (89 Fed. 
Reg. 49280 (June 11, 2024)) (or a successor order);
(B) whether and how the shared savings incentive 
should be revised to further align with that 
requirement; and
(C) whether, in light of that requirement, the 
shared savings incentive should be maintained or 
suspended.
(3) Public comment.--In conducting the evaluation under 
paragraph (1)(A), the Commission shall provide an opportunity 
for public comment, including by stakeholders.

SEC. 4. CONGESTION REPORTING.

(a) Annual Reports.--
(1) 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 transmission 
technologies shall submit to the Commission annual reports 
containing data on the costs associated with congestion 
management with respect to the transmission facilities or 
transmission technologies, including all relevant constraints.
(2) Requirement.--Each annual report submitted under 
paragraph (1) shall identify--
(A) with respect to each reported constraint that 
caused more than $500,000 in associated costs--
(i) the cause of the constraint, including 
physical infrastructure and transient 
disruptions; and
(ii) the next limiting element type and its 
identified rating limit; and
(B) each constraint that will be addressed by 
planned future upgrades to infrastructure and 
facilities.
(b) Rulemaking.--Not later than 18 months after the date of 
enactment of this Act, 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 18 months 
after the date of enactment of this Act, 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 2025; and
(2) $1,000,000 for each of fiscal years 2026 through 2036.
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