From the no kidding department – transmission incentives improve transmission
Posted by Rich Sweeney on November 19, 2007
Casting its decisions as efforts to improve the interstate energy transmission system’s reliability and efficiency, the U.S. Federal Energy Regulatory Commission approved two utilities’ requests for investment incentives to expand their existing infrastructures. The following is from the press release last week:
The requests came from Southern California Edison (SCE) for three proposed transmission projects in California and Arizona, and from Baltimore Gas and Electric Co. (BG&E) for several transmission owner-initiated (TOI) projects in Maryland. FERC said the new projects will improve system reliability, reduce transmission congestion and provide lower-cost power to customers.
“Today’s actions will help strengthen our nation’s transmission grid, helping consumers by improving reliability and enhancing competition that will reduce the cost of electricity,” FERC Chairman Joseph T. Kelliher said.