Representative Eugene Vindman introduces H.R. 10988: Lower Electricity Bills Act

We have received text from H.R. 10988: Lower Electricity Bills Act. This bill was received on 2026-11-10, and currently has no cosponsors.

Here is a short summary of the bill:

This bill would require the Federal Energy Regulatory Commission (FERC) to make public utilities use certain “advanced transmission technologies” when they build or upgrade transmission lines and related facilities.

What the bill does

• It adds a new section to the Federal Power Act focused on transmission projects.
• For covered projects, FERC would have to require utilities to use advanced transmission technologies, including “best-available transmission conductors.”
• The bill defines a covered project as building a new transmission facility or modifying, upgrading, replacing, or reconductoring an existing transmission facility that falls under FERC’s jurisdiction.

What counts as an advanced transmission technology

The bill points to existing law and also expands the list to include:

• dynamic line rating
• advanced power flow control
• transmission topology optimization
• high-performance conductors

How FERC would have to apply it

• FERC would have to issue a rule or order implementing the new requirements within one year.
• Utilities would have to periodically evaluate whether using these technologies would provide more benefits than costs.
• Those evaluations would also have to include a least-cost analysis and consider whether the project is being planned and built efficiently.
• If the benefits outweigh the costs, the utility would have to deploy the technology on a schedule set by FERC.
• Utilities would have to report their decisions to FERC.
• FERC, working with the Department of Energy, would have to create and update at least annually a method for deciding whether a conductor qualifies as a “best-available transmission conductor.”

Cost recovery and incentives

• If a utility asks to recover the cost of these technologies through rates, FERC would have to presume that using them was prudent and that the costs were just and reasonable.
• If a utility fails to deploy the required technologies when the benefit-cost test says it should, FERC would have to set a penalty. The bill says this could include reducing the utility’s allowed return on equity for its transmission system.

Who it applies to

The bill applies only to public utilities and only to the specific transmission projects covered by the new section.

Relevant Companies

None found

Representative Eugene Vindman Bill Proposals

Here are some bills which have recently been proposed by Representative Eugene Vindman:

• H.R.10989: Smart Transmission Line Placement Act
• H.R.10988: Lower Electricity Bills Act
• H.R.10987: Local Transmission Accountability Act
• H.R.10970: Cardiovascular Disease Early Detection and Prevention Act of 2026
• H.R.10950: Data Center Oversight Act
• H.R.10905: No Personal Data in Grocery Pricing Act

You can track bills proposed by Representative Eugene Vindman on Investivoq's politician page for Vindman.

Representative Eugene Vindman Net Worth

Investivoq estimates that Representative Eugene Vindman is worth $1.2M, as of November 12th, 2026. This is the 321st highest net worth in Congress, per our live estimates.

Vindman has approximately $354.2K invested in publicly traded assets which Investivoq is able to track live.

You can track Representative Eugene Vindman's net worth on Investivoq's politician page for Vindman.

2026 Virginia's 7th Congressional District Election

There has been approximately $24,800,495 of spending in Virginia's 7th congressional district elections over the last two years, per our estimates.

Approximately $699,141 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:

• VOTEVETS ($270,000)
• AMERICAN MAJORITY ACTION PAC ($211,590)
• THE CONSERVATIVE CAUCUS DBA AMERICANS FOR CONSTITUTIONAL LIBERTY ($83,538)
• AB PAC ($59,555)
• HMP ($28,044)

The rating for this race is currently "Likely D".

You can track this election on our matchup page for the 2026 Virginia's 7th congressional district election.

This article is not financial advice. See Investivoq's disclaimers for more information.