To amend the Federal Power Act to require the issuance of rules relating to shared savings frameworks for certain transmitting utilities, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7729 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7729 To amend the Federal Power Act to require the issuance of rules relating to shared savings frameworks for certain transmitting utilities, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 26, 2026 Mr. Casten introduced the following bill; which was referred to the Committee on Energy and Commerce _______________________________________________________________________ A BILL To amend the Federal Power Act to require the issuance of rules relating to shared savings frameworks for certain transmitting utilities, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Shared Utility Rewards for Grid Efficiency Act of 2026'' or the ``SURGE Act of 2026''. (b) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Amendments to the Federal Power Act. Sec. 3. Shared savings framework rule for transmitting utilities subject to Federal Energy Regulatory Commission jurisdiction. Sec. 4. Guidance for electric utilities not subject to Federal Energy Regulatory Commission jurisdiction. Sec. 5. Grant program for State regulatory authorities. Sec. 6. Studies on effects of certain rate treatments and alternative frameworks. Sec. 7. Definitions. SEC. 2. AMENDMENTS TO THE FEDERAL POWER ACT. Section 219 of the Federal Power Act (16 U.S.C. 824s) is amended-- (1) in subsection (a)-- (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 (B) by inser