,,ii #aahth ,,congress #b;d ,session ,s4 #ciah ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #ab1 #bjbd,mr4 ,welch 7for himself and ,mr4 ,king7 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 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 technology1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,advancing ,grid-,enhancing ,technologies ,act of #bjbd or the ,advancing ,g,e,ts ,act of #bjbd4 #b4 ,definitions ,in this ,act3 7#a7 ,commission ,the term ,commission means the ,federal ,energy ,regulatory ,commission4 7#b7 ,grid-enhancing technology ,the term grid-enhancing technology means any hardware or software that-- 7,a7 increases the capacity1 efficiency1 reliability1 resilience1 or safety of transmission facilities and transmission technologies2 and 7,b7 is installed in addition to transmission facilities and transmission technologies-- 7i7 to give operators of the transmission facilities and transmission technologies more situational awareness and control over the electric grid2 7ii7 to make the transmission facilities and transmission technologies more efficient2 or 7iii7 to increase the transfer capacity of the transmission facilities and transmission technologies4 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,energy4 #c4 ,shared savings incentive for grid-enhancing technologies 7a7 ,definition of developer ,in this section1 the term developer1 with respect to grid-enhancing technology1 means the entity that pays to install the grid-enhancing technology4 7b7 ,establishment of shared savings incentive ,not later than ,july #a1 #bjbe1 the ,commission shall promulgate a final rule to implement section #bai7;b77#c7 of the ,federal ,power ,act 7#af ,u4,s4,c4 #hbds7b77#c77 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 technology1 in accordance with this section4 7c7 ,requirements 7#a7 ,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 7b71 subject to the condition that the percentage is not less than #aj percent and not more than #be percent4 7#b7 ,time period for recovery ,the shared savings incentive established under subsection 7b7 shall return a percentage1 determined in accordance with paragraph 7#a71 of the applicable savings to the developer of the applicable grid-enhancing technology over a period of #c years4 7d7 ,eligibility ,subject to subsection 7e71 the shared savings incentive established under subsection 7b7 shall apply with respect to-- 7#a7 any developer1 with respect to the investment of that developer in grid-enhancing technology that is installed as described in section #b7b77;,b72 and 7#b7 any grid-enhancing technology1 including-- 7,a7 grid-enhancing technology that relates to new transmission facilities or technologies2 and 7,b7 grid-enhancing technology that relates to existing transmission facilities or technologies4 7e7 ,limitations 7#a7 ,minimum savings 7,a7 ,in general ,the shared savings incentive established under subsection 7b7 shall apply with respect to an investment in grid-enhancing technology only if the expected savings attributable to the investment over the #c-year period described in subsection 7c77#b71 as determined by the ,commission1 are at least #d times the cost of the investment4 7,b7 ,determination 7i7 ,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 7,a74 7ii7 ,costs ,for purposes of subparagraph 7,a71 the cost of an investment may include any costs associated with the permitting1 installation1 or purchase of the applicable grid-enhancing technology4 7#b7 ,already installed ,g,e,ts ,the shared savings incentive established under subsection 7b7 may not be applied with respect to grid-enhancing technology that is already installed as of the date of enactment of this ,act4 7#c7 ,consumer protection ,the ,commission shall determine appropriate consumer protections for the shared savings incentive established under subsection 7b74 #d4 ,congestion reporting 7a7 ,in general ,beginning on the date that is #a year after the effective date of the rule promulgated under subsection 7b71 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 technologies4 7b7 ,rulemaking ,not later than ,july #a1 #bjbe1 the ,commission shall promulgate a final rule establishing a universal metric and protocol for the measuring and reporting of data under subsection 7a74 7c7 ,uses of data 7#a7 ,analyses 7,a7 ,in general ,the ,commission and the ,secretary shall each use the data submitted under subsection 7a7 to conduct analyses1 as the ,commission or the ,secretary1 as applicable1 determines to be appropriate4 7,b7 ,coordination ,the ,commission and the ,secretary may coordinate with respect to any analyses conducted using the data submitted under subsection 7a74 7#b7 ,map ,the ,commission and the ,secretary1 acting jointly1 shall-- 7,a7 use the data submitted under subsection 7a7 to create a map of costs associated with congestion management in the transmission system2 and 7,b7 update that map not less frequently than once each year4 7d7 ,publication of data and map ,the ,commission and the ,secretary shall make the data submitted under subsection 7a7 and the map described in subsection 7c77#b7 publicly available on the websites of-- 7#a7 the ,commission2 and 7#b7 the ,department of ,energy4 #e4 ,grid-enhancing technology application guide 7a7 ,definition of developer ,in this section1 the term developer means a developer of transmission facilities or transmission technologies1 including a developer of transmission facilities or transmission technologies that pays to install grid-enhancing technology with respect to those transmission facilities or transmission technologies4 7b7 ,establishment of application guide ,not later than ,july #a1 #bjbe1 the ,secretary shall establish an application guide for utilities and developers seeking to implement grid-enhancing technologies4 7c7 ,updates ,the guide established under subsection 7b7 shall be reviewed and updated annually4 7d7 ,technical assistance 7#a7 ,in general ,on request of a utility or developer using the guide established under subsection 7b71 the ,secretary shall provide technical assistance to that utility or developer with respect to the use of grid-enhancing technologies for particular applications4 7#b7 ,clearinghouse ,in carrying out paragraph 7#a71 the ,secretary shall establish a clearinghouse of previously completed grid-enhancing technology projects that the ,secretary1 utilities1 and developers may use to identify issues and solutions relating to the use of grid-enhancing technologies for particular applications4 7e7 ,authorization of appropriations ,there are authorized to be appropriated to carry out this section1 to remain available until expended-- 7#a7 #e1jjj1jjj for fiscal year #bjbd2 and 7#b7 #a1jjj1jjj for each of fiscal years #bjbe through #bjce4