RTO adder
Transmission owners told FERC that limiting the RTO participation adder would reduce grid investments while ratepayers called the proposal long overdue.
Transmission projects that have been approved by RTOs or recommended to regulators would boost GDP by $42 billion, according to industry trade group WIRES.
In a first-quarter earnings call with analysts, Fortis CEO David Hutchens highlighted the work of subsidiary ITC Transmission in MISO and PJM.
AEP CEO Nick Akins expressed his “extreme disappointment” with FERC’s recent proposal to limit a transmission rate adder incenting utilities to join RTOs.
FERC voted to approve a supplemental NOPR that would scale back a transmission rate adder designed to encourage utilities to join RTOs.
FERC partially accepted Dayton Power and Light’s transmission rate incentives request, requiring more information on its petition for an RTO participation adder.
FERC’s proposed new approach to awarding transmission incentives drew some support but also generated much sticker shock among stakeholders.
California Public Utilities Commission members criticized FERC’s proposal to double its transmission incentive adder and make the adders easier to get.
FERC said it won’t rehear a case on whether Pacific Gas and Electric deserves a $30 million annual incentive adder for staying in CAISO.
FERC conditionally accepted Jersey Central Power & Light’s proposed rate request, subject to refund following hearing and settlement judge procedures.
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