Comprehensively amends section 216 of the Federal Power Act: replaces subsection (a) (definitions); revises permit standards and replaces paragraphs in subsection (b); replaces subsection (d) (state siting and consultation); amends rights-of-way rule in (e)(3); replaces subsection (f) (cost allocation) with tariff filing and ratepayer protection requirements; modifies coordination provisions in (h) (lead agency roles and timing); amends interstate compact provisions in (i); replaces subsection (k) (jurisdiction) and makes conforming and other related changes.

Amends section 219(b)(4) by adding a new clause (C) to allow recovery of prudently incurred costs associated with payments to jurisdictions impacted by electric transmission facilities developed pursuant to section 216.

Makes a targeted amendment to the codified provision (Public Law 117–169, sec. 50151(b)) by striking specified text (text to be removed is not shown in the section).

Makes minor textual edits in section 1222 of the Energy Policy Act of 2005 by striking specified punctuation/characters in subsection (a)(1)(A) and subsection (b)(1)(A).

Amends section 40106(h)(1)(A) of the Infrastructure Investment and Jobs Act by replacing the text beginning with '(A) is located in' through subparagraph (B) with the phrase '(B) is necessary'.