On February 11, 2021, FERC Chairman Richard Glick discussed plans to develop new incentives to support the buildout of transmission infrastructure to meet the ever-growing demand for electricity and the continued growth of renewable projects across the country. As states issue long term net-zero and renewable energy policy goals, and in turn incentivize development of additional power generation facilities, upgrades and construction of new transmission infrastructure will be needed to carry forth that driving force. Chairman Glick provided that “We do have a duty to figure out where the industry is going and recognize the fact that there is going to be a lot more demand for electricity.” “I think we have to figure out policies that will hopefully promote greater investment in the transmission grid to facilitate access to cleaner resources.” For additional information on Chairman Glick’s policy forecast, please click here.
FERC Forecasting a Boost to Transmission Infrastructure
February 24, 2021