The Commission may approve a participant funding plan that allocates costs related to transmission upgrades or new generator interconnection, without regard to whether an applicant is a member of a Commission-approved Transmission Organization, if the plan results in rates that⁠—

(1)  are just and reasonable;

(2)  are not unduly discriminatory or preferential; and

(3)  are otherwise consistent with sections 824d and 824e of title 16.