Minimum interregional transfer capability

Part II of the Federal Power Act (16 U.S.C. 824 et seq.) is further amended by adding at the end the following: 226. Protecting electricity reliability by improving interregional transfer capability (a) Rulemaking Notwithstanding the requirements of section 322 of the Fiscal Responsibility Act (Public Law 118–5), not later than 24 months after the date of enactment of the Energy Bills Relief Act, the Commission shall, pursuant to section 206, issue regulations that establish requirements for minimum transfer capability, as described under subsection (b), between transmission planning regions. (b) Minimum transfer capability The aggregate minimum interregional transfer capability for each transmission planning region and its neighboring transmission planning region shall be not less than 30 percent of its own peak electricity demand, or in the case of a transmission planning region that borders only 1 other transmission planning region, not less than 15 percent of its own peak electricity demand, unless the Commission finds, upon a showing by a transmission planning region, that a lower transfer capability can achieve the same or greater transmission benefits. (c) Report Not later than 5 years after the date of enactment of this section and every 5 years thereafter, the Commission shall report to Congress on the status of interregional transfer capability, including on risks to reliability associated with a lack of interregional transfer capability..