,,ii #aagth ,,congress #ast ,session ,s4 #ajae ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #be1 #bjba,mr4 ,heinrich introduced the following bill2 which was read twice and referred to the ,committee on ,energy and ,natural ,resources ,a ,,bill ,to require the ,federal ,energy ,regulatory ,commission to initiate a rulemaking to reform the interregional transmission planning process1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,interregional ,transmission ,planning ,improvement ,act of #bjba4 #b4 ,rulemaking to increase the effectiveness of interregional transmission planning 7a7 ,in general ,not later than #ahj days after the date of enactment of this ,act1 the ,federal ,energy ,regulatory ,commission shall initiate a rulemaking addressing-- 7#a7 the effectiveness of existing planning processes for identifying interregional transmission projects that provide economic1 reliability1 operational1 public policy1 and environmental benefits 7including reductions in carbon emissions71 taking into consideration the public interest1 the integrity of markets1 and the protection of consumers2 7#b7 changes to the processes described in paragraph 7#a7 to ensure that efficient1 cost-effective1 and broadly beneficial interregional transmission solutions are selected for cost allocation1 taking into consideration-- 7,a7 the public interest2 7,b7 the integrity of markets2 7,c7 the protection of consumers2 7,d7 the broad range of economic1 reliability1 operational1 public policy1 and environmental benefits that interregional transmission provides1 including reductions in carbon emissions2 7,e7 the need for single projects to secure approvals based on a comprehensive assessment of the multiple benefits provided2 7,f7 that projects that meet interregional benefit criteria should not be subject to subsequent reassessment by transmission planning authorities2 7,g7 the importance of synchronization of planning processes in neighboring regions1 such as using a joint model on a consistent timeline with a single set of needs1 input assumptions1 and benefit metrics2 7,h7 that evaluation of long-term scenarios should align with the expected life of a transmission asset2 7,i7 that transmission planning authorities should allow for the identification and joint evaluation of alternatives proposed by stakeholders2 7,j7 that interregional planning should be done regularly and not less frequently than once every #c years2 and 7,k7 the elimination of arbitrary project voltage1 size1 or cost requirements for interregional solutions2 and 7#c7 cost allocation methodologies that reflect the multiple benefits provided by interregional transmission solutions1 including economic1 reliability1 operational1 public policy1 and environmental benefits 7including reductions in carbon emissions74 7b7 ,timing ,not later than #ah months after the date of enactment of this ,act1 the ,federal ,energy ,regulatory ,commission shall promulgate a final rule to complete the rulemaking initiated under subsection 7a74