Lowering Energy Costs through Grid Modernization Act
To accelerate the modernization of the national electric grid by supporting advanced conductors and related systems, and for other purposes.
This bill, HB9945, aims to speed up the update of the national electric grid by investing in new, advanced electrical cables and related technologies. This update is crucial for making the grid more reliable, efficient, and capable of handling modern energy needs, including renewable sources like wind and solar.
The bill would affect utility companies, energy providers, and consumers by potentially lowering energy costs, reducing outages, and integrating more renewable energy sources into the grid. It could also lead to job creation in the tech and energy sectors.
HB9945 was introduced on July 23, 2026, and has been referred to the House Committee on Energy and Commerce and the Committee on Ways and Means. As of now, it is in the initial stages of the legislative process.
