Federal government may back NYRI

NORWICH – Nearly one year after the federal government passed legislation promoting transmission line projects similar to the New York Regional Interconnection, finalized provisions in the 2005 Energy Policy Act could help ease the financial risk of that investment.



“There has been a sustained period of under-investment in the transmission system,” said Federal Energy Regulatory Commission Chairman Joseph T. Kelliher, in a July 20 press release. “It is clear that we need to strengthen the system to meet consumer demand and today’s rule takes a significant turn in that direction. Under-investment in the grid is a national problem. Today, we offer a solution.”

The solution FERC announced in July is a series of incentives that would reimburse various costs and help insure an approved project’s implementation. These incentives include:

• Incentive rates of return on equity for new investment by public utilities (both traditional utilities and stand-alone transmission companies, or transcos).


There's more to this story! You're only seeing 29% of the story. Subscribe now to get immediate access to the rest of the story as well as our whole online offering.

Today's Other Stories



© 2014 Snyder Communications/The Evening Sun
29 Lackawanna Avenue, Norwich, NY 13815 - (607) 334-3276
We're on Facebook