New Report: Additional Congressional Oversight Needed to Ensure Tennessee Valley Authority Delivers Low-cost, Reliable Power for Customers
WASHINGTON, D.C. – A new report released today highlights critical steps Congress can take to improve the Tennessee Valley Authority (TVA’s) transmission planning to make electricity service more affordable, reliable and resilient for customers. Produced by the American Council on Renewable Energy (ACORE) in partnership with the Southern Renewable Energy Association (SREA) and in collaboration with Paul Hastings LLP, the report outlines actionable recommendations to prepare TVA for growing energy demands, more frequent extreme weather events, and develop or purchase the lowest-cost generation.
This report is particularly timely as TVA conducts its legally mandated Integrated Resource Plan (IRP) process, an undertaking that currently does not require inclusion of the transmission expansion options necessary to ensure procurement of the lowest-cost power options. Notably, the TVA service territory experienced rolling blackouts for the first time in its more than 90-year history during Winter Storm Elliott in 2022, when the region’s power supply could not meet demand. An extra gigawatt of transmission ties to other regions could have saved TVA consumers up to $95 million during the storm.
“As the region navigates some of the most significant challenges to the power sector since those that inspired the TVA Act, TVA’s ratepayers would benefit from transmission planning processes consistent with the best practices other grid planners are using across the nation,” said Jonathan Geldof, Senior Government Affairs Manager for ACORE’s Macro Grid Initiative. “It’s encouraging to see Congress and TVA’s Board of Directors already taking steps to improve TVA’s processes and this report offers additional recommendations for ensuring low-cost power in the regions’ future.”
Amid skyrocketing load projections, integrating transmission and generation planning will help ensure reliable, affordable power for TVA’s 10 million customers.
The report, “Recommendations for Reducing Costs and Improving Reliability for Tennessee Valley Authority Customers,” provides various policy interventions for Congress to improve TVA’s transmission planning, including:
- Reforming TVA’s Board
- Reforming TVA’s IRP Process
- Requiring Expanded Interregional Transmission Planning
- Permitting Reform
- Bringing TVA Under Federal Energy Regulatory Commission Jurisdiction
“With increasing challenges to reliability of the TVA system during extreme weather events, like Winter Storm Elliott, and the timely and affordable integration of renewable energy, transmission planning in the largest public power company in the U.S. needs an upgrade,” said Simon Mahan, SREA’s Executive Director. “Outdated processes that are often lacking in transparency for the broader public have been the status quo in TVA for the past 90 years, but this approach will not be sufficient for the future of the organization. This study on improvements to TVA transmission planning provides sound advice on how to confront and overcome these challenges.”
Unlike traditional utilities, TVA’s Board of Directors is the only entity that oversees the IRP process. Congress can help ensure the board is equipped to work in the best interests of ratepayers by providing the directors with technical staff support to better assess TVA’s proposals.
The report details these issues and more, recommending a suite of reform options for Congress to consider.
To download a copy of the report, click here.
###
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 clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit www.acore.org.
Media Contacts:
Dylan Helms
Manager, Communications, ACORE
communications@acore.org
917.971.7852
Ellie Potter
Sr. Public Affairs Manager, Macro Grid Initiative, ACORE
potter@acore.org
202.505.5589
Jamie Moody
Communications Director, SREA
jamie@southernrenewable.org
501.454.1260
The post New Report: Additional Congressional Oversight Needed to Ensure Tennessee Valley Authority Delivers Low-cost, Reliable Power for Customers appeared first on ACORE.
https://acore.org/news/new-report-additional-congressional-oversight-needed-to-ensure-tennessee-valley-authority-delivers-low-cost-reliable-power-for-customers/
Renewable Energy
ACORE Statement on Treasury’s Safe Harbor Guidance
ACORE Statement on Treasury’s Safe Harbor Guidance
Statement from American Council on Renewable Energy (ACORE) President and CEO Ray Long on Treasury’s Safe Harbor Guidance:
“The American Council on Renewable Energy (ACORE) is deeply concerned that today’s Treasury guidance on the long-standing ‘beginning of construction’ safe harbor significantly undermines its proven effectiveness, is inconsistent with the law, and creates unnecessary uncertainty for renewable energy development in the United States.
“For over a decade, the safe harbor provisions have served as clear, accountable rules of the road – helping to reduce compliance burdens, foster private investment, and ensure taxpayer protections. These guardrails have been integral to delivering affordable, reliable American clean energy while maintaining transparency and adherence to the rule of law. This was recognized in the One Big Beautiful Act, which codified the safe harbor rules, now changed by this action.
“We need to build more power generation now, and that includes renewable energy. The U.S. will need roughly 118 gigawatts (the equivalent of 12 New York Cities) of new power generation in the next four years to prevent price spikes and potential shortages. Only a limited set of technologies – solar, wind, batteries, and some natural gas – can be built at that scale in that timeframe.”
###
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 clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit http://www.acore.org.
Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Energy
genco@acore.org
The post ACORE Statement on Treasury’s Safe Harbor Guidance appeared first on ACORE.
https://acore.org/news/acore-statement-on-treasurys-safe-harbor-guidance/
Renewable Energy
Should I Get a Solar Battery Storage System?
Renewable Energy
Wine Grapes and Climate Change
I just spoke with a guy in the wine industry, and I asked him how, if at all, climate change is affecting what we does.
From his perspective, it’s the horrific wildfires whose smoke imbues (or “taints”) the grapes with an unpleasant flavor that needs to be modified, normally by creative methods of blending.
-
Climate Change2 years ago
Spanish-language misinformation on renewable energy spreads online, report shows
-
Climate Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
-
Greenhouse Gases1 year ago
嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change1 year ago
嘉宾来稿:满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Carbon Footprint1 year ago
US SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Climate Change2 years ago
Why airlines are perfect targets for anti-greenwashing legal action
-
Climate Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
-
Climate Change2 years ago
Some firms unaware of England’s new single-use plastic ban