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1 1 (January 4, 2024)

handle is hein.crs/govenxi0001 and id is 1 raw text is: Congressional ____ ~ Research Service Electricity Transmission Provisions in the Inflation Reduction Act of 2022 Updated January 4, 2024 On August 16, 2022, President Biden signed into law P.L. 117-169, commonly known as the Inflation Reduction Act of 2022 (IRA). The IRA contains several provisions aimed at incentivizing increased development of electricity transmission infrastructure in the United States. Many stakeholders view an enhanced U.S. transmission system as key to enabling increased use of wind and solar energy for electricity generation and improving resilience to extreme weather events. This analysis summarizes the three transmission provisions in Part 5 of Subtitle A of Title V of the IRA. In total, this part appropriates almost $2.9 billion for transmission provisions. Other provisions in the IRA, such as those related to loan programs administered by the U.S. Department of Agriculture, could potentially incentivize transmission development, but this analysis does not include them. Section 50151 (Transmission Facility Financing) appropriates $2 billion to remain available until September 30, 2030, for a direct loan program for certain transmission project development. To be eligible for a direct loan, a transmission project would need to be located in a National Interest Electric Transmission Corridor (NIETC). The U.S. Department of Energy (DOE) may designate an area as an NIETC pursuant to 16 U.S.C. @824p if it meets certain criteria, such as promoting energy security or enabling the use of intermittent energy sources such as wind and solar. On December 19, 2023, DOE released final guidance for the NIETC designation process (no NIETCs currently exist). The guidance outlines DOE's process for NIETC designation. DOE intends to release a preliminary list of NIETC designations in spring 2024, with any final designations occurring after environmental review and additional public engagement around areas in the preliminary list. Section 50152 (Grants to Facilitate the Siting of Interstate Electricity Transmission Lines) appropriates $760 million to remain available through September 30, 2029, for making grants aimed at facilitating the siting of certain onshore and offshore transmission lines. In general, state and local governments have authority for siting electricity transmission infrastructure in the United States. This section would allow relevant siting authorities to receive grants to be used for purposes including transmission project studies, examination of alternative siting corridors, hosting negotiations with project backers and opponents, participating in federal and state regulatory proceedings, and promoting economic development in affected communities. Grants under this section would be contingent on the siting authority agreeing to Congressional Research Service https://crsreports.congress.gov IN11981 CRS INSIGHT Prepared for Members and Committees of Congress

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