FUNDING NEW INTERCONNECTION AND TRANSMISSION UPGRADES.

SEC. 1242. [42 U.S.C. 16441] FUNDING NEW INTERCONNECTION AND TRANSMISSION UPGRADES. The Commission may approve a participant funding plan that allocates costs related to transmission upgrades or new generator interconnection, without regard to whether an applicant is a member of a Commission-approved Transmission Organization, if the plan results in rates that— (1) are just and reasonable; (2) are not unduly discriminatory or preferential; and (3) are otherwise consistent with sections 205 and 206 of the Federal Power Act (16 U.S.C. 824d, 824e).