,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #iide  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #bc1 #bjbf,mr4  
,:itesides 7= himself1 ,mr4 ,h>rigan1 & 
,mr4 ,hamadeh ( ,arizona7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,en]gy & ,comm]ce1 & 9    
addition to ! ,committee on ,ways &     
,means1 = a p]iod to be subsequ5tly     
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to accel]ate ! mod]nization ( 
! national electric grid by support+    
advanc$ conductors & relat$ sy/ems1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,l[]+ ,en]gy ,co/s     
?r\gh ,grid ,mod]nization ,act4  #b4    
,def9itions ,9 ?is ,act3  7#a7 ,advanc$ 
conductor ,! t]m advanc$ conductor means
 a transmission conductor t-- 7,a7      
provides at lea/ #a4e times ! pot5tial  
en]gy c>ry+ capacity ( an alum9um       
conductor1 /eel-re9=c$ 79 ?is section   
ref]r$ to z ,,acsr7 transmission        

conductor2  7,b7 has a direct curr5t    
electrical resi/ance at lea/ #aj p]c5t  
l[] ?an a traditional ,,acsr conductor (
 a simil> diamet] & weight2 &  7,c7 has 
at lea/ #be p]c5t l[] !rmal sag ?an an  
,,acsr transmission conductor ( simil>  
diamet] & weight at maximum op]at+      
temp]ature4  7#b7 ,categorical exclusion
 ,! t]m categorical exclusion has !     
mean+ giv5 su* t]m 9 section #aaa ( !   
,national ,environm5tal ,policy ,act (  
#aifi 7#db ,u4,s4,c4 #dccf;e74  7#c7    
,reconductor+ project ,! t]m            
reconductor+ project means a project    
involv+ ! replacem5t ( exi/+ conductors 
) advanc$ conductors pr$om9antly )9 an  
exi/+ cle>$ or p]mitt$ "r-(-way4  7#d7  
,"r-(-way ,! t]m "r-(-way means an      
easem5t1 lease1 p]mit1 or lic5se to     
occupy1 use1 or trav]se public or       
private l&s4  7#e7 ,"r-(-way            
optimization project ,! t]m "r-(-way    
optimization project means a project t  
plans1 designs1 & con/ructs electric    
transmission upgrades us+ advanc$       

conductors pr$om9antly )9 an exi/+ cle>$
 or p]mitt$ "r-(-way4  7#f7 ,secret>y ,!
 t]m ,secret>y means ! ,secret>y (      
,en]gy4  #c4 ,transmission mod]nization 
/udy  7a7 ,9 g5]al ,a transmission      
provid] subject to transmission plann+  
requir$ by ! ,f$]al ,en]gy ,regulatory  
,commission issuances includ+ ,ord] ,no4
 #aibj1 z modifi$ or cl>ifi$ by ,ord]   
,nos4 #aibj-;,a & #aibj-;,b1 may1 dur+  
ea* transmission plann+ process z       
requir$ "u su* ord]s1 conduct a         
transmission mod]nization /udy t        
evaluates ! ext5t to :i* a "r-(-way     
optimization project or reconductor+    
project may result 9 economic & grid    
reliability b5efits4  7b7 ,requirem5ts  
,9 ! ev5t a transmission provid]        
conducts a /udy "u subsection 7a71 !    
transmission provid] %all1 9 conduct+   
su* /udy-- 7#a7 describe 9 su* /udy--   
7,a7 ! ext5t to :i* "r-(-way            
optimization or reconductor+ projects h 
be5 evaluat$ to address conge/ion1      
capacity con/ra9ts1 reliability risks1  

or resili5ce ne$s2  7,b7 h[ implem5t+   
su* projects comp>es to o!r transmission
 projects t address conge/ion1 capacity 
con/ra9ts1 reliability risks1 or        
resili5ce ne$s2 &  7,c7 ! pot5tial      
economic & grid reliability b5efits f   
implem5t+ su* projects2 &  7#b7 consid] 
risks relat+ to natural haz>ds & extreme
 wea!r ev5ts relevant to ! applicable   
"r-(-way1 includ+ wildfire1 heat1 /orm1 
or ic+ risk in=mation consi/5t ) exi/+  
resili5ce plann+ practices4  7c7        
,submission & publication ,a            
transmission provid] t conducts a /udy  
"u subsection 7a7 %all submit to !      
,secret>y ! results ( su* /udy1 & make  
su* results publicly available1 except =
 in=mation designat$ z critical electric
 infra/ructure in=mation1 pursuant to   
section #bae;,a ( ! ,f$]al ,p[] ,act    
7#af ,u4,s4,c4 #hbdo-#a74  #d4 ,national
 reconductor+ p]=mance insights  7a7    
,aggregat$ insights ,! ,secret>y may    
publi% aggregat$ p]=mance data on       
reconductor+ outcomes & relat$ grid     

mod]nization activities1 us+ publicly   
available s\rces or volunt>y            
submissions1 )\t id5tify+ specific      
facilities or op]ators4 ,su* aggregat$  
in=mation may include typical ranges (  
increas$ transf] capability1 r$uctions 9
 transmission losses1 *anges 9 conge/ion
 or curtailm5t1 & indicative project    
timel9es1 provid$ t no specific facility
 or op]ator is id5tifi$4  7b7  ,public  
li/+  ,! ,secret>y may ma9ta9 a public  
web page li/+ ,/ates1 approximate       
9-s]vice ye>s1 & g5]al voltage classes =
 "r-(-way optimization & reconductor+   
projects1 us+ only exi/+ tax cr$it      
docum5tation1 publicly available        
in=mation1 or volunt>y submissions1 &   
)\t id5tify+ specific facilities or     
op]ators4  #e4 ,,nepa review  7a7 ,9    
g5]al ,! issuance ( a ,f$]al p]mit or   
o!r ,f$]al approval au?oriz+ a cov]$    
project is deem$ to be a categorical    
exclusion "u ! ,national ,environm5tal  
,policy ,act ( #aifi 7#db ,u4,s4,c4     
#dcba et seq471 unless ! ,secret>y or   

o!r relevant ag5cy head det]m9es t      
extraord9>y circum/ances 7z def9$ by    
regulations issu$ by su* ,secret>y or   
o!r relevant ag5cy head1 respectively7  
apply to ! cov]$ project4  7b7 ,cov]$   
project def9$ ,9 ?is section1 ! t]m     
cov]$ project means a "r-(-way          
optimization project1 or reconductor+   
project1 t--  7#a7 is 9 accordance ) !  
integral elem5ts li/$ at ! />t ( app5dix
 ,b to "p #ajba ( title #aj1 ,code (    
,f$]al ,regulations2  7#b7 incorporates 
! design & con/ruction /&>ds1 control   
te*nologies1 & be/ managem5t practices t
 ! ,secret>y or o!r relevant ag5cy head 
det]m9es to be appropriate2 &  7#c7 may 
involve wid5+ an exi/+ "r-(-way to meet 
curr5t electrical /&>ds if ! wid5+      
rema9s )9 previ\sly di/urb$ or develop$ 
l&s & only ext5ds into a small area     
beyond su* l&s z ne$$ to comply )       
applicable electrical /&>ds4  #f4       
,high-p]=mance transmission prop]ty add$
 to clean electricity inve/m5t cr$it    
7a7 ,9 g5]al ,section #dh;,e7a77#a7 ( ! 

,int]nal ,rev5ue ,code ( #aihf is       
am5d$--  7#a7 9 subp>agraph 7,a71 by    
/rik+ & at ! end1  7#b7 9 subp>agraph   
7,b71 by /rik+ ! p]iod at ! end & ins]t+
 1 &1 &  7#c7 by add+ at ! end ! foll[+ 
new subp>agraph3  7,c7 any high-p]=mance
 transmission prop]ty4  4  7b7          
,applicable p]c5tage ,section           
#dh;,e7a77#b7 ( su* ,code is am5d$ by   
add+ at ! end ! foll[+ new subp>agraph3 
7,c7 ,high-p]=mance transmission prop]ty
 ,subject to p>agraph 7#c7--  7i7 ,base 
rate ,9 ! case ( any high-p]=mance      
transmission prop]ty :i* is n describ$ 9
 clause 7ii77,i7 & does n satisfy !     
requirem5ts describ$ 9 clause           
7ii77,,ii71 ! applicable p]c5tage %all  
be #f p]c5t4  7ii7 ,alt]native rate ,9 !
 case ( any high-p]=mance transmission  
prop]ty--  7,i7 ) a capacity ( less ?an 
#a megawatt1 or  7,,ii7 :i*--  7aa7     
satisfies ! requirem5ts ( subsection    
7e77#c71 &  7bb7 ) respect to !         
con/ruction ( su* prop]ty1 satisfies !  
requirem5ts ( subsection 7e77#d71  !    

applicable p]c5tage %all be #cj p]c5t4  
4  7c7 ,increase 9 cr$it rate 9 c]ta9   
cases  7#a7 ,en]gy communities ,section 
#dh;,e7a77#c77;,a7 ( su* ,code is       
am5d$-- 7,a7 9 clause 7i71 by /rik+ or )
 respect to en]gy /orage te*nology &    
ins]t+ 1 en]gy /orage te*nology1 or     
high-p]=mance transmission prop]ty1 &   
7,b7 9 clause 7ii7-- 7i7 9 subclause    
7,i71 by /rik+ or ) respect to en]gy    
/orage te*nology describ$ 9 p>agraph    
7#b77;,b77i7 & ins]t+ 1 en]gy /orage    
te*nology describ$ 9 p>agraph           
7#b77;,b77i71 or high-p]=mance          
transmission prop]ty describ$ 9 p>agraph
 7#b77;,c77i71 &  7ii7 9 subclause      
7,,ii71 by /rik+ or ) respect to en]gy  
/orage te*nology describ$ 9 p>agraph    
7#b77;,b77ii7 & ins]t+ 1 en]gy /orage   
te*nology describ$ 9 p>agraph           
7#b77;,b77ii71 or high-p]=mance         
transmission prop]ty describ$ 9 p>agraph
 7#b77;,c77ii74  7#b7 ,dome/ic cont5t   
,section #dh;,e7a77#c77;,b7 ( su* ,code 
is am5d$ by /rik+ or en]gy /orage       

te*nology ea* place x appe>s & ins]t+ 1 
en]gy /orage te*nology1 or high-p]=mance
 transmission prop]ty 9 ea* su* place4  
7d7  ,qualifi$ inve/m5t ) respect to    
high-,p]=mance transmission prop]ty     
def9$  ,section #dh;,e ( su* ,code is   
am5d$-- 7#a7 by r$esignat+ subsections  
7d7 ?r\gh 7k7 z subsections 7e7 ?r\gh   
7l71 respectively1 &  7#b7 by ins]t+    
aft] subsection 7c7 ! foll[+ new        
subsection3  7d7 ,qualifi$ inve/m5t )   
respect to high-,p]=mance transmission  
prop]ty  7#a7 ,qualifi$ inve/m5t ,=     
purposes ( subsection 7a71 ! qualifi$   
inve/m5t ) respect to high-p]=mance     
transmission prop]ty = any taxable ye>  
is ! basis ( any high-p]=mance          
transmission prop]ty plac$ 9 s]vice by !
 taxpay] dur+ su* taxable ye>4  7#b7    
,high-p]=mance transmission prop]ty     
7,a7  ,9 g5]al  ,= purposes ( ?is       
section1 ! t]m high-p]=mance            
transmission prop]ty means prop]ty us$ 9
 a "r-(-way optimization project or a   
reconductor+ project4  7,b7             

,in/allation exp5ses includ$  ,=        
purposes ( det]m9+ ! cr$it "u subsection
 7a71 ! t]m high-p]=mance transmission  
prop]ty %all include am\nts paid or     
incurr$ by ! taxpay] = in/allation ( su*
 prop]ty4  7,c7  ,"r-(-way optimization 
project & reconductor+ project def9$  ,=
 purposes ( subp>agraph 7,a71 ! t]ms    
"r-(-way optimization project &         
reconductor+ project h ! mean+ giv5 su* 
t]ms1 respectively1 9 section #b ( !    
,l[]+ ,en]gy ,co/s ?r\gh ,grid          
,mod]nization ,act4  7#c7  ,mat]ial     
assi/ance f prohibit$ =eign entities  ,!
 t]m high-p]=mance transmission prop]ty 
%all n include any prop]ty ! con/ruction
 ( :i* beg9s aft] ,decemb] #ca1 #bjbe1  
if ! con/ruction ( su* prop]ty includes 
any mat]ial assi/ance f a prohibit$     
=eign entity 7z def9$ 9 section         
#ggja7;a77#eb774  4  7e7 ,re/rictions   
relat+ to prohibit$ =eign entities      
,section #dh;,e7e77#f77;,b7 ( su* ,code1
 z r$esignat$ by subsection 7d71 is     
am5d$ by /rik+ or en]gy /orage te*nology

 describ$ 9 subsection 7c77#b7 & ins]t+ 
1 en]gy /orage te*nology describ$ 9     
subsection 7c77#b71 or high-p]=mance    
transmission prop]ty describ$ 9         
subsection 7d77#b74  7f7 ,cr$it         
phase-,out ,section #dh;,e7f7 ( su*     
,code1 z r$esignat$ by subsection 7d71  
is am5d$--  7#a7 by /rik+ or en]gy      
/orage te*nology ea* place x appe>s &   
ins]t+ 1 en]gy /orage te*nology1 or     
high-p]=mance transmission prop]ty 9 ea*
 su* place1 &  7#b7 by ins]t+ or any    
high-p]=mance transmission prop]ty aft] 
any en]gy /orage te*nology4  7g7 ,con=m+
 am5dm5ts  7#a7 ,section #dh;,e7a77#b7 (
 su* ,code1 z am5d$ by ! prec$+         
provisions ( ?is section1 is am5d$--    
7,a7 by /rik+ subsection 7d7 bo? places 
x appe>s & ins]t+ subsection 7e7 9 ea*  
su* place1  7,b7 by /rik+ subsection    
7d77#c7 bo? places x appe>s & ins]t+    
subsection 7e77#c7 9 ea* su* place1 &   
7,c7 by /rik+ subsection 7d77#d7 bo?    
places x appe>s & ins]t+ subsection     
7e77#d7 9 ea* su* place4  7#b7 ,section 

#dh;,e7k7 ( su* ,code1 z r$esignat$ by  
subsection 7d71 is am5d$ by /rik+       
subsection 7g7 & ins]t+ subsection 7h74 
7#c7 ,section #dh7;e77#d77;,d7 ( su*    
,code is am5d$ by /rik+ section         
#dh;,e7h77#d77;,d77ii7 & ins]t+ section 
#dh;,e7i77#d77;,d77ii74  7#d7 ,section  
#di7;a77#a77;,c7 ( su* ,code is am5d$-- 
7,a7 9 clause 7vii71 by /rik+ & at !    
end1  7,b7 9 clause 7viii71 by /rik+ !  
p]iod at ! end & ins]t+ 1 &1 &  7,c7 by 
add+ at ! end ! foll[+ new clause3  7ix7
 ! basis ( any high-p]=mance            
transmission prop]ty "u section #dh;,e4 
4  7#e7 ,section #afh7;e77#c77;,b77viii7
 ( su* ,code is am5d$ by /rik+ or any   
en]gy /orage te*nology 7z def9$ 9       
subsection 7c77#b7 ( su* section7 &     
ins]t+ 1 any en]gy /orage te*nology 7z  
def9$ 9 subsection 7c77#b7 ( su*        
section71 or any high-p]=mance          
transmission prop]ty 7z def9$ 9         
subsection 7d77#b7 ( su* section74  7#f7
 ,section #ggja7;a77#ea7 ( su* ,code is 
am5d$-- 7,a7 9 subp>agraph 7,d7--  7i7 9

 clause 7i77,,ii77aa71 by /rik+ or en]gy
 /orage te*nology & ins]t+ 1 en]gy      
/orage te*nology1 or high-p]=mance      
transmission prop]ty1 &  7ii7 9 clause  
7ii7--  7,i7 9 subclause 7,i77aa71 by   
/rik+ or en]gy /orage & ins]t+ en]gy    
/orage te*nology1 or high-p]=mance      
transmission prop]ty1  7,,ii7 9         
subclause 7,,ii7--  7aa7 9 item 7aa71 by
 ins]t+ or any high-p]=mance            
transmission prop]ty produc$ by !       
taxpay] be=e ! comma at ! end1 &  7bb7 9
 item 7ee71 by /rik+ or en]gy /orage    
te*nology & ins]t+ 1 en]gy /orage       
te*nology1 or high-p]=mance transmission
 prop]ty1 &  7,,iii7 9 subclause        
7,,iii7-- 7aa7 by /rik+ 1 en]gy /orage  
te*nology1 ea* place x appe>s & ins]t+ 1
 en]gy /orage te*nology1 high-p]=mance  
transmission prop]ty1 9 ea* su* place1  
7bb7 by /rik+ any en]gy /orage          
te*nology1 & ins]t+ any en]gy /orage    
te*nology1 any high-p]=mance            
transmission prop]ty11 &  7cc7 by /rik+ 
or en]gy /orage te*nology & ins]t+ 1    

en]gy /orage te*nology1 or high-p]=mance
 transmission prop]ty1 &  7,b7 9        
subp>agraph 7,i71 by add+ at ! end !    
foll[+ new clause3  7vii7 ,high-p]=mance
 transmission prop]ty ,! t]m            
high-p]=mance transmission prop]ty has !
 same mean+ giv5 su* t]m "u section     
#dh;,e7d77#b74  4  7#g7 ,section        
#ggja7;a77#eb7 ( su* ,code is am5d$--   
7,a7 9 subp>agraph 7,a71 by /rik+ or    
en]gy /orage te*nology & ins]t+ 1 en]gy 
/orage te*nology1 or high-p]=mance      
transmission prop]ty1  7,b7 9           
subp>agraph 7,b7-- 7i7 9 clause 7ii71 by
 ins]t+ or high-p]=mance transmission   
prop]ty aft] en]gy /orage te*nology1 &  
7ii7 9 ! subp>agraph head+1 by /rik+ &  
en]gy /orage te*nology & ins]t+ 1 en]gy 
/orage te*nology1 & high-p]=mance       
transmission prop]ty1  7,c7 9           
subp>agraph 7,d7--  7i7 9 clause 7i7--  
7,i7 by /rik+ or en]gy /orage te*nology 
ea* place x appe>s & ins]t+ 1 en]gy     
/orage te*nology1 or high-p]=mance      
transmission prop]ty 9 ea* su* place1 & 

7,,ii7 9 ! clause head+1 by /rik+ &     
en]gy /orage te*nology & ins]t+ 1 en]gy 
/orage te*nology1 & high-p]=mance       
transmission prop]ty1  7ii7 9 clause    
7iii77,,ii71 by /rik+ or en]gy /orage   
te*nology & ins]t+ 1 en]gy /orage       
te*nology1 or high-p]=mance transmission
 prop]ty1 &  7iii7 9 clause 7v77,,ii71  
by /rik+ or en]gy /orage te*nology &    
ins]t+ 1 en]gy /orage te*nology1 or     
high-p]=mance transmission prop]ty1 &   
7,d7 9 subp>agraph 7,e71 by add+ at !   
end ! foll[+ new clause3  7v7           
,high-p]=mance transmission prop]ty ,!  
t]m high-p]=mance transmission prop]ty  
has ! same mean+ giv5 su* t]m "u section
 #dh;,e7d77#b74  4  7h7 ,effective date 
,! am5dm5ts made by ?is section %all    
apply to prop]ty plac$ 9 s]vice 9       
taxable ye>s beg9n+ aft] ! date ( !     
enactm5t ( ?is ,act4  7i7 ,regulations  
,n lat] ?an #ah mon?s aft] ! date ( !   
enactm5t ( ?is ,act1 ! ,secret>y ( !    
,treasury %all issue su* regulations or 
o!r guidance1 or am5d exi/+ guidance1 z 

may be necess>y or appropriate to c>ry  
out ?is section & ! am5dm5ts made by ?is
 section4