FERC Transmission Rule Source of Controversy
Posted on Jul 12, 2012 in Financing, Grid & Infrastructure, Innovation/Efficiency, Litigation, Mergers/Acquisitions, Regulation & Policy, Reliability, Renewable Energy | Comments Off on FERC Transmission Rule Source of Controversy
An investor-owned utility association, Edison Electric Institute, has requested that a federal court review the Federal Energy Regulatory Commission’s (FERC) controversial rule meant to spur new transmission investment. The rule requires utilities to create regional plans and a framework for cost allocation. The rule also introduces competitive bidding and new compliance requirements. FERC has justified the rule on the basis that a more “top down” approach to regional planning is better and would foster more renewable power projects. Law360 has more (subscription required).
