Providing incumbent electric transmission owners a right of first refusal for the construction of certain electric transmission lines.

HB 2226 gives existing electric transmission companies (incumbent owners) the right to be first considered for building new transmission lines that connect to their existing infrastructure, as approved by regional planning groups. However, for projects with a need date of four years or more, incumbent owners must conduct a competitive bidding process for construction, overseen by an independent evaluator, before proceeding. If an incumbent owner fails to act within required timelines or isn't deemed qualified, other transmission entities can build the line after securing necessary approvals. The bill directly affects utility companies like ITC Great Plains (referenced in the bill's request) and defines key terms like "incumbent owner" and "regional transmission organization."