Congressional Budget Office Cost Estimate: H.R. 5428, Grid Modernization Research and Development Act of 2019 [open pdf - 43KB]
This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on Science, Space, and Technology on February 12, 2020. From the Document: "H.R. 5428 would require the Department of Energy (DOE) to administer several research, development, and demonstration grant programs aimed at modernizing the electric grid, including smart grid modeling, developing hybrid energy systems, and technologies to integrate electric vehicles onto the electric grid. The bill also would require DOE to provide technical assistance to grant recipients, establish an advisory committee, and report to the Congress. CBO estimates that implementing H.R. 5428 would cost about $1.2 billion over the 2020-2025 period."
Congressional Budget Office: http://www.cbo.gov/