The Federal Energy Regulatory Commission (FERC) announced its regional transmission rule today, setting standards for the planning and development of new transmission lines that improve reliability, saves costs, and will help bring new clean energy resources online.
FERC also issued rules governing how it will implement authority to approve certain power lines in the U.S. Department of Energy (DOE) when states refuse or fail to act on a transmission project.
The following is a statement from Sandra Purohit, federal advocacy director at E2:
“Today FERC set standards vital to moving grid modernization forward. That’s a win for the climate and the economy. The rule will help states get moving beyond gridlock on the grid. That will mean more affordable clean energy and better reliability.”
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E2 is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on Twitter at @e2org.