1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A. "Grid-enhancing technology" means any hardware or software technology that enables enhanced or more efficient flow of electricity across the existing electric transmission and distribution system. "Grid-enhancing technology" does not include generation assets or energy storage.
B. "Large investor-owned transmission and distribution utility" has the same meaning as in section 3201, subsection 12.
2. Periodic review. Beginning January 15, 2027, and every 5 years thereafter, the commission shall conduct a review or update a previous review or contract with a consultant to conduct a review or update a previous review of available grid-enhancing technology that could be implemented by a large investor-owned transmission and distribution utility to reduce or defer the need for investment in grid infrastructure in the State. The commission may produce a report or contract with a consultant to produce a report describing the grid-enhancing technology identified in the review. The commission may file information or the report for use in rate cases or other proceedings involving a large investor-owned transmission and distribution utility, including the integrated grid planning proceeding required pursuant to section 3147, subsection 2.