The House has passed H.R. 9340 - Ratepayer Protection Act. This bill was introduced by Representative Gabe Evans.
The vote was 417-3.
You can track corporate lobbying on this bill and relevant congressional stock trades on Quiver Quantitative's H.R. 9340 bill page.
Here is a short summary of a September 10, 2026 version of the bill.
H.R. 9340 - Ratepayer Protection Act Summary
This bill would create a new federal electricity-rate rule for large-load customers , which it defines as non-residential customers that use electricity mainly for data storage and computing services and have a peak demand of at least 100 megawatts at a single site or campus.
What the new rule would require
- Electric utilities would have to structure rates so that these large customers pay the full additional cost of any new generation, transmission, or distribution upgrades needed to serve them.
- This cost recovery would apply even if the customer later leaves the utility or stops buying power.
- Before a utility builds upgrades for such a customer, it would have to require the customer to provide financial assurances or contributions to cover the upgrade costs.
Why the bill matters to states and utilities
- The bill adds this rule as a federal standard under the Public Utility Regulatory Policies Act of 1978.
- State regulators and nonregulated electric utilities would have to begin considering the standard within 1 year of enactment.
- They would have to finish that review and make a decision within 2 years .
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However, the federal rule would not apply in states where, before enactment, the state had already:
- implemented a similar rule,
- already held a proceeding to consider such a rule, or
- had its legislature vote on such a rule.
Practical effect
In simple terms, the bill is intended to make sure that very large data-center-type electricity users pay for the extra grid costs they cause, rather than having those costs spread across other ratepayers. It also pushes utilities and state regulators to review and possibly adopt that approach, unless they have already taken similar action.
Relevant Companies
- AMZN — Amazon operates large-scale cloud and data-center infrastructure that could be affected by utility rules allocating upgrade costs to large electricity users.
- MSFT — Microsoft runs extensive data-center operations that may face higher direct costs for power-connection upgrades under this bill.
- GOOGL — Alphabet's data-center and cloud operations could be directly impacted by requirements to pay incremental grid upgrade costs.
- META — Meta's large computing and data-center facilities may be subject to utility charges covering full upgrade costs.
- ORCL — Oracle's cloud and data-center operations could face similar electricity supply and infrastructure cost obligations.
- IBM — IBM's data-processing and cloud infrastructure may be affected where it requires large electrical loads at a site.
- TSLA — Tesla's large manufacturing and computing facilities are less directly targeted by the bill's definition, but any qualifying high-load campus could be affected depending on electricity use.
This article is not financial advice. Bill summaries may be unreliable. Consult Congress.gov for full bill text. See Quiver Quantitative's disclaimers for more information.
Representative Gabe Evans Bill Proposals
Here are some bills which have recently been proposed by Representative Gabe Evans:
- H.R.10312: SBA Spanish Resource Report Act
- H.R.10152: Open-Source AI Leadership Act
- H.R.9340: Ratepayer Protection Act
- H.R.8005: Stop Pills That Kill Act
- H.R.7764: National Threat Evaluation and Reporting Program Reassignment and Funding Reform Act of 2026
- H.R.7574: ELO Realignment and Strategic Engagement Reform Act of 2026
You can track bills proposed by Representative Gabe Evans on Quiver Quantitative's politician page for Evans.
Representative Gabe Evans Net Worth
Quiver Quantitative estimates that Representative Gabe Evans is worth $679.0K, as of September 16th, 2026. This is the 378th highest net worth in Congress, per our live estimates.
Evans has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative Gabe Evans's net worth on Quiver Quantitative's politician page for Evans.
