Sec. 2. Findings
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Congress finds that— current transmission planning is fractured across many jurisdictions, prioritizes incumbent entities and highly localized transmission, and fails to identify cost-effective solutions for 21st century needs; the historical structure, regulations, and incentives of the electric power system lead to under-planning and under-investment in the regional and interregional transmission lines that are needed for a reliable and resilient grid; much of the existing transmission infrastructure of the United States is in need of significant upgrade or replacement; the energy sector of the United States is at a critical juncture, with a rapidly changing power generation mix and new public policy mandates; it is imperative to proactively plan for electricity transmission in the future, including by taking into account long-term changes to demand and load growth; renewable energy resources must be incorporated into the grid efficiently in order to meet State and Federal decarbonization goals; the public desires, and has a right to, electricity data that are transparent, organized, and accessible; having reliable and diverse sources of electricity generation is a foundational need for the entire economy; climate change has increased the frequency and intensity of severe weather events that affect the grid; it is in the national interest to implement policies that provide effective electric infrastructure to save consumers money, avoid preventable damage, ensure energy reliability, and save lives; the Federal Government has a responsibility to combat rising transmission costs and ensure customers receive just and reasonable rates for electricity; industry experience, scientific studies, and modern examples of reformed electricity transmission provide confidence that new public policies and regulatory guidance will achieve more efficient and beneficial planning than the status quo; and there is increasing opportunity for public, Tribal, or rural cooperative development of transmission due to the recently established direct-pay incentives under section 6417 of the Internal Revenue Code of 1986, enacted by section 13801 of Public Law 117–169 (commonly known as the Inflation Reduction Act of 2022 ) (136 Stat. 2003).
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- 136 Stat. 2003
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