The bill would amend the Federal Power Act to let entities proposing to own, control, or operate certain transmission facilities file tariffs with the Federal Energy Regulatory Commission to allocate their costs. For qualifying interstate or offshore transmission lines completed after enactment, costs would have to be allocated among customers in applicable transmission-planning regions based at least roughly on anticipated reliability, economic, public-policy, resilience, and other benefits. The measure would cover new lines of at least 1,000 megawatts and expansions or upgrades adding at least 500 megawatts, while preserving the Commission’s authority over other transmission facilities.

FactVote-generated overview; it is not an official CRS summary.