The Energizing Our Communities Act establishes a new Community Economic Development Transmission Fund to support local governments and Indian Tribes that host significant electric power transmission line projects. This Fund is financed by depositing a portion of the interest collected from specific federal loans issued for eligible transmission projects, including those under the Infrastructure Investment and Jobs Act and Western Area Power Administration programs. The Secretary of Energy manages the Fund and determines the exact portion of interest to be deposited annually. Host communities become eligible for a single payment from the Fund after construction of an applicable project begins, provided they request the payment and certify its use for approved purposes. The Secretary develops a disbursement formula, considering community input on project impacts and ensuring a minimum payment for small-population communities. Funds received are supplemental to existing Payments in Lieu of Taxes and are divided into two main categories of use. Up to 80 percent of the payment can be used for community support , including improving public infrastructure like schools, hospitals, roads, and broadband access, or for renewable energy workforce training. At least 20 percent must be dedicated to conservation, stewardship, and recreation , such as restoring fish and wildlife habitats, enhancing public land access, developing outdoor recreation facilities, or implementing natural climate solutions like wildfire resilience and tree planting. The bill also mandates reports on covered loan programs and the Fund's annual operation.