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Code · U.S. Code · Title 16 - CONSERVATION · CHAPTER 12— FEDERAL REGULATION AND DEVELOPMENT OF POWER · SUBCHAPTER II— REGULATION OF ELECTRIC UTILITY COMPANIES ENGAGED IN INTERSTATE COMMERCE · § 824s

§ 824s. Transmission infrastructure investment

339 words·~2 min read·/usc/title-16/section-824s

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(a)Rulemaking requirement Not later than 1 year after August 8, 2005, the Commission shall establish, by rule, incentive-based (including performance-based) rate treatments for the transmission of electric energy in interstate commerce by public utilities for the purpose of benefitting consumers by ensuring reliability and reducing the cost of delivered power by reducing transmission congestion.
(b)Contents The rule shall—
(1)promote reliable and economically efficient transmission and generation of electricity by promoting capital investment in the enlargement, improvement, maintenance, and operation of all facilities for the transmission of electric energy in interstate commerce, regardless of the ownership of the facilities;
(2)provide a return on equity that attracts new investment in transmission facilities (including related transmission technologies);
(3)encourage deployment of transmission technologies and other measures to increase the capacity and efficiency of existing transmission facilities and improve the operation of the facilities; and
(4)allow recovery of—
(A)all prudently incurred costs necessary to comply with mandatory reliability standards issued pursuant to section 824o of this title; and
(B)all prudently incurred costs related to transmission infrastructure development pursuant to section 824p of this title.
(c)Incentives In the rule issued under this section, the Commission shall, to the extent within its jurisdiction, provide for incentives to each transmitting utility or electric utility that joins a Transmission Organization. The Commission shall ensure that any costs recoverable pursuant to this subsection may be recovered by such utility through the transmission rates charged by such utility or through the transmission rates charged by the Transmission Organization that provides transmission service to such utility.
(d)Just and reasonable rates All rates approved under the rules adopted pursuant to this section, including any revisions to the rules, are subject to the requirements of sections 824d and 824e of this title that all rates, charges, terms, and conditions be just and reasonable and not unduly discriminatory or preferential.
(June 10, 1920, ch. 285, pt. II, § 219, as added Pub. L. 109–58, title XII, § 1241, Aug. 8, 2005, 119 Stat. 961.)
Connections89 cite this · traces to 1
Cited by 89 sections · top 60
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3 references not yet in our index
  • June 10, 1920, ch. 285
  • Pub. L. 109–58, title XII, § 1241
  • 119 Stat. 961
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cites case law
§ 824s
Transmission infrastructure investment
Fed. Reg.×61
Bills×22
Stat. Comp.×2
Stat.×2
Pub. L.×1
U.S.C.×1
ActJune 10, 1920, ch. 285
Pub. L.Pub. L. 109–58, title XII, § 1241
Stat.119 Stat. 961
Cites 4Cited by 89 across 6 sources
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