transmission incentives
FERC approved four rate incentives to Mid-Atlantic Offshore Development to serve offshore wind in New Jersey under the State Agreement Approach with PJM.
The New York Public Service Commission requested a rehearing of FERC’s December order granting a 50-basis-point RTO participation adder for the Propel NY Energy transmission project.
FERC Commissioner Mark Christie used orders on two transmission projects to blast the commission’s “ridiculously generous” incentives.
FERC approved LS Power’s request for rate incentives for the first competitive project surfacing from MISO’s long-range transmission plan.
FERC proposed changing transmission planning and cost allocation processes to help build out the grid in response to electrification and renewables.
FERC granted NextEra Energy Transmission Southwest’s request to recover all prudently incurred costs associated with an $85.2 million competitive project.
Without any financial incentives from the federal level, utilities are unlikely to make the huge investments needed to deploy grid-enhancing technologies.
FERC partially accepted Dayton Power and Light’s transmission rate incentives request, requiring more information on its petition for an RTO participation adder.
Panelists during WIRES’ virtual Summer Meeting discussed the impact of the pandemic on transmission rate structures, Order 1000 and FERC's incentives NOPR.
FERC’s proposed new approach to awarding transmission incentives drew some support but also generated much sticker shock among stakeholders.
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