Transmission Rates
ISO-NE
New England transmission owners have presented a $185 per kW-year regional network service rate for 2025, an increase over the $154 per kW-year rate in 2024.
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SPP directors and regulators have approved the grid operator’s first winter planning reserve margin, endorsing a base PRM that is 3 percentage points higher than many of its utilities wanted.
Casey Monaghan, CC-BY-SA-2.0, via Wikimedia Commons
PPL reported GAAP earnings of $190 million for the second quarter and executives focused on changing market dynamics in PJM during a teleconference with analysts.
Dominion Energy
Dominion earned $572 million in the second quarter of 2024 and logged six new peak demand records in July on the back of Virginia’s continued electricity consumption growth.
Senate Energy and Natural Resources Committee
The Senate Energy and Natural Resources Committee voted 15-4 to advance the Energy Permitting Reform Act of 2024 to the floor.
ACEG
ACEG found the U.S. electricity industry added just 55 miles of new high-voltage transmission to the grid last year, despite estimates the system will need to expand rapidly in the near future.
FERC
The ongoing debate around Order 1920 and its pending rehearing requests continued at FERC’s monthly open meeting, a day after it came up at a House oversight hearing.
Jakec, CC BY-SA 4.0, via Wikimedia Commons
Talen Energy’s deal to carve out capacity from its Susquehanna Nuclear Plant to serve a growing data center on its site drew protests at FERC from other parties who argued the deal and others like it could shift costs and threaten reliability.
Southern California Edison
FERC approved two transmission incentives requested by Southern California Edison that would offset potential costs associated with building the Del Amo-Mesa-Serrano and Lugo-Victor-Kramer projects.
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FERC Order 1920 could help move the bar significantly on more efficiently expanding the transmission grid, but its ultimate success depends on how it and other policies are implemented, stakeholders say.
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