Reinforcing the Grid Against Extreme Weather Act of 2024

HR 9362, the Reinforcing the Grid Against Extreme Weather Act of 2024, requires the Federal Energy Regulatory Commission (FERC) to establish rules within 24 months for standardizing how electricity transfer capability between neighboring grid regions is calculated and ensuring minimum levels for reliability during extreme weather, cyberattacks, or physical events. Transmission planning entities (like grid operators) must file plans every five years to select and fund projects that meet these minimum transfer capabilities, focusing on benefits like reduced outages, improved resilience, and lower congestion. The bill directly affects grid operators, FERC, and the electricity infrastructure connecting regional power systems across the U.S. It mandates concrete steps to strengthen grid interconnectivity without specifying new emissions targets or funding mechanisms.