Sec. 2. Amendments to the Federal Power Act
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Section 219 of the Federal Power Act ( 16 U.S.C. 824s ) is amended— in subsection (a)— by striking Not later than 1 year after the date of enactment of this section, the Commission shall establish, by rule, and inserting The Commission shall issue such rules as may be necessary to establish ; and by inserting , improving efficiency, after ensuring reliability ; in subsection (b)— in the matter preceding paragraph (1), by striking The rule shall and inserting The rules issued under this section shall ; in paragraph (1), by inserting , and operational improvements for, after capital investment in ; in paragraph (2)— by inserting or other incentive mechanism after return on equity ; and by inserting or incentivizes improvements that increase the efficiency of the transmission of electric energy and reduce costs for consumers after (including related transmission technologies) ; in paragraph (3), by inserting , including performance-based measures, after other measures ; and in paragraph (4)— in subparagraph (A), by striking ; and and inserting a semicolon; in subparagraph (B), by striking the period and inserting ; and ; and by adding at the end the following new subparagraph: amounts determined pursuant to shared savings frameworks or other incentive mechanisms prescribed in such rules. ; and in subsection (c), by striking In the rule and inserting In a rule .
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Sec. 2
Amendments to the Federal Power Act
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