hold on there's just too much going on in Congress lmao...
Rewards utilities for efficiency improvements that cut costs.
Rep. Casten (D-IL), Energy and Commerce Committee.
Introduced in House, in committee, no vote yet.
The bill amends the Federal Power Act to require the Federal Energy Regulatory Commission (FERC) to create a 'shared savings' rule. This rule lets transmission utilities keep a portion (10-60%) of verified cost savings from actions like upgrading power lines. A separate grant program helps states set up similar frameworks. The bill also mandates studies on current rate treatments. Rep. Casten introduced it; it is now with the House Energy and Commerce Committee.
Introduced Feb 26, 2026
This bill is under review by a committee. The committee holds hearings, gathers testimony from experts and stakeholders, and may propose amendments. If the committee votes to advance it, the bill moves to the full chamber for debate and a vote.
The bill could lead to lower electric bills if utilities invest in efficiency and share savings. Upgrades like advanced conductors or grid-enhancing tech can make the grid more reliable, reducing blackouts. Also, by cutting transmission losses, less energy is wasted, potentially reducing the need for new power plants and lowering emissions.
Supporters Say
Supporters say it rewards innovation and efficiency, lowering costs for consumers.
Critics Say
Critics worry it may let utilities earn extra profits without guaranteed savings for ratepayers.
Supporters argue that current rules don't encourage utilities to cut costs; shared savings align incentives. Critics note that utilities might claim savings from routine maintenance, and the complex calculation could be gamed. The bill includes independent verification and a cap on utility share (60%) to address this.