FERC Issues Final Regional Transmission Planning and Cost Allocation Rule

May 13, 2024

WASHINGTON, D.C. – The Federal Energy Regulatory Commission (FERC) released today its highly anticipated final regional transmission planning and cost allocation rule. Following is a statement from Ray Long, President and CEO of the American Council on Renewable Energy (ACORE), on the new rule:

“FERC made history today with the release of a rule that will help ensure American homes and businesses have access to affordable, reliable electricity. This final regional transmission planning and cost allocation rule requires grid planners to implement proven best practices and efficiently plan the infrastructure needed to meet our nation’s increasing electricity demand.

“We are pleased to see the Commission require long-term multiple scenario planning that incorporates a minimum set of benefits to demonstrate transmission’s value, data on all drivers of the need for transmission, and the use of grid-enhancing technologies and advanced conductoring. If properly implemented, the rule will also enable the delivery of power from cleaner and more affordable electricity generation that will benefit consumers all across America. We applaud FERC for its strong work during this proceeding.”

ACORE will be hosting a webinar with fellow clean energy leaders on this rule and the steps FERC can take to further enable the expansion of transmission capacity in the U.S. next Monday, May 20, at 1 p.m. ET. Click here to see the roster of C-suite speakers and register today for this timely discussion and Q&A.

Additional Background:

ACORE comments in response to FERC’s Notice of Proposed Rulemaking on Regional Transmission Planning and Cost Allocation and Generator Interconnection. (August 2022)
Letter from over 30 organizations in support of a strong planning rule that helps strengthen the nation’s transmission network. (August 2022)
ACORE, National Urban League letter to FERC on transmission planning rule (October 2023)
Op-ed from ACORE President and CEO Ray Long on the need for a strong regional planning and cost allocation rule. (April 2024)

About ACORE:
For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to renewable energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

Media Contacts:
Alex Hobson
Sr. Vice President, Communications
American Council on Renewable Energy
hobson@acore.org | 202.830.3592 (o) | 202.594.0706 (c)

Dylan Helms
Manager, Communications
American Council on Renewable Energy
helms@acore.org | 202.935.6491 (o) | 727.290.8804 (c)

The post FERC Issues Final Regional Transmission Planning and Cost Allocation Rule appeared first on ACORE.

https://acore.org/news/ferc-issues-final-regional-transmission-planning-and-cost-allocation-rule/

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