GRID Power Act

This bill requires the Federal Energy Regulatory Commission (FERC) to reform the interconnection queue process to prioritize and approve new dispatchable power projects that improve grid reliability and resource adequacy.

Sec. 2, Definitions: Defines key terms including 'Commission' as FERC, 'dispatchable power' as generation that can quickly ramp up or down for grid reliability, 'grid reliability' as the grid's ability to deliver electricity as demanded, 'grid resilience' as adapting to and recovering from disturbances, 'resource adequacy' as meeting aggregate demand at all times, and 'transmission provider' as public utilities including Independent System Operators and Regional Transmission Organizations.

Sec. 3, Rulemaking to improve interconnection queue flexibility: Within 90 days of enactment, FERC must start a rulemaking to address inefficiencies in processing interconnection requests so new dispatchable power projects can connect quickly and cost-effectively. The rulemaking must allow transmission providers to submit proposals to prioritize such projects in the queue, requiring a demonstration of need and description of reliability or resilience benefits, a public comment process, and regular reporting to FERC. FERC must approve or deny proposals within 60 days, issue final regulations within 180 days, and review and update regulations every 5 years.