Study Shows Order No. 1000 Transmission Solicitations Have Not Yielded Customer Savings or Improved Transmission Development Timelines
Retrieved on:
Tuesday, August 16, 2022
Fortis Inc., PAETEC Holding Corp., Midcontinent Independent System Operator, DATA, ITC, FERC, Concentric objects, Exelon, Xcel Energy, Ministry of Federal Affairs and General Administration (Nepal), MISO, Public Service Enterprise Group, National Grid, Merit order, Federal Energy Regulatory Commission, Electricity, ITC Transmission, Regulation, National Grid plc, Public utility, Auction, Renewable energy
NOVI, Mich., Aug. 16, 2022 /PRNewswire/ -- ITC Holdings Corp. (ITC) and other members of the Developers Advocating Transmission Advancements (DATA) Coalition are calling attention to a new study showing that unintended consequences of the Federal Energy Regulatory Commission's (FERC) Order No. 1000 include project cost increases and schedule delays.
Key Points:
- 1000 in response to the growing challenge of planning and constructing new transmission to keep pace with national and state energy policy priorities.
- The order allows for public utility transmission providers to use competitive bidding to solicit transmission projects or project developers.
- Using six projects awarded to developers through competitive solicitations, the study investigated claims that Order No.
- 1000 solicitations contribute to cost savings and the timely development of transmission infrastructure.