FERC approved LS Power’s request for rate incentives for the first competitive project surfacing from MISO’s long-range transmission plan.
FERC approved revised rate schedules for two American Electric Power affiliates in Ohio to remove their RTO participation adders.
FERC rescinded RTO participation incentives for two AEP affiliates on the grounds that Ohio law compels transmission owners to participate in an RTO.
Transmission owners told FERC that limiting the RTO participation adder would reduce grid investments while ratepayers called the proposal long overdue.
Transmission projects that have been approved by RTOs or recommended to regulators would boost GDP by $42 billion, according to industry trade group WIRES.
In a first-quarter earnings call with analysts, Fortis CEO David Hutchens highlighted the work of subsidiary ITC Transmission in MISO and PJM.
AEP CEO Nick Akins expressed his “extreme disappointment” with FERC’s recent proposal to limit a transmission rate adder incenting utilities to join RTOs.
FERC voted to approve a supplemental NOPR that would scale back a transmission rate adder designed to encourage utilities to join RTOs.
FERC partially accepted Dayton Power and Light’s transmission rate incentives request, requiring more information on its petition for an RTO participation adder.
FERC’s proposed new approach to awarding transmission incentives drew some support but also generated much sticker shock among stakeholders.
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