FOOLHARDY FERC

The U.S. will have to spend approximately $2.1 trillion on transmission in the next three decades. The cost of new transmission is significant, and consumers will bear the price. The Federal Energy Regulatory Commission (FERC) is currently considering a proposed rule on electricity transmission that fails to support competition expansion and retreats from existing regulations intended to introduce a new era of transmission competition. Instead of pursuing policies that lower electricity costs for consumers, FERC’s proposed rule would condemn ratepayers to decades of accelerating price hikes.

https://pv-magazine-usa.com/2023/08/01/fercs-proposed-rule-would-harm-consumers-and-the-energy-transition/