Congress subsidizes grid tech companies with ratepayer savings—no cap.
H.R. 2703 — Advancing GETs Act of 2025 · Filed by Kathy Castor (D-FL) · 12 cosponsors · Introduced Apr 8, 2025 · Referred to committee
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What it does
This bill requires the Federal Energy Regulatory Commission (FERC) to create a financial incentive program that returns 10–25% of the cost savings from grid-enhancing technologies (hardware or software that improves transmission efficiency) back to the companies that install them, over a 3-year period. It also mandates annual reporting on transmission congestion costs and requires the Department of Energy to publish a guide and provide technical assistance for deploying these technologies.
Why we flagged it
The bill's core mechanism is a shared-savings incentive that returns 10–25% of efficiency gains to private developers—a subsidy funded implicitly through ratepayer savings. The transparency and technical-assistance provisions are secondary and do not alter the primary financial flow.
What the text implies
- The 10–25% shared-savings return is not capped by total dollar amount, meaning large-scale deployments could generate substantial private payouts from grid savings that would otherwise accrue to ratepayers.
- The bill defines 'developer' as 'the entity that pays to install' the technology, which may include utilities themselves, creating a pathway for utilities to capture savings from their own investments while ratepayers bear the underlying grid costs.
The full analysis lists 5 implications of this text.
Who stands to gain
transmission technology developers and manufacturers; electric utilities (if they install grid-enhancing technology); software and hardware vendors serving the grid-modernization sector