FERC Floats Proposal To Boost Planning For Lower-Carbon Power Grid

The Federal Energy Regulatory Commission (FERC) is floating a long-awaited proposal to update planning and cost allocation rules for major power transmission projects in an effort to anticipate and enable the ongoing market shift towards zero-carbon renewable energy and shore up the resilience of the power grid. The proposal, approved on a bipartisan 4-1 vote April 21, kicks off an initial 75-day public comment period once it is published in the Federal Register. Parties would then have an additional...