1. Short title This Act may be cited as the Energizing Our Communities Act . 2. Community Economic Development Transmission Fund (a) Definitions In this section: (1) Covered loan The term covered loan means any of the following issued after the date of enactment of this Act: (A) A loan issued under section 40106(e)(1)(B) of the Infrastructure Investment and Jobs Act ( 42 U.S.C. 18713(e)(1)(B) ). (B) A direct loan provided under section 50151 of Public Law 117–169 (commonly known as the Inflation Reduction Act of 2022 ) ( 42 U.S.C. 18715 ). (C) A loan made for an eligible project described in paragraph (2)(C) under the Transmission Infrastructure Program of the Western Area Power Administration. (D) Any other loan made under a Department of Energy loan program identified in the report required under subsection (f)(1) with respect to electric power transmission lines that are capable of transmitting 999 megawatts or more. (2) Eligible project The term eligible project means— (A) an eligible project (as defined in section 40106(a) of the Infrastructure Investment and Jobs Act ( 42 U.S.C. 18713(a) )) that is carried out using a covered loan described in paragraph (1)(A); (B) a project for the construction or modification of electric transmission facilities that is carried out using a covered loan described in paragraph (1)(B); (C) a project for the purpose of constructing, financing, facilitating, planning, operating, or maintaining, or studying the construction of, new or upgraded electric power transmission lines and related facilities with at least 1 terminus within the service territory of the Western Area Power Administration that is carried out using a covered loan described in paragraph (1)(C)