FERC

A member of the Federal Energy Regulatory Commission reiterated Tuesday  that FERC’s Order 1000, which becomes effective October 10, 2011 in the face of considerable opposition from certain elements of the electricity utilities sector, will give regional grid operators the means to improve system reliability and will also stimulate much needed investment in transmission lines.

The U.S. Federal Energy Regulatory Commission (FERC) today granted conditional approval to the 250-mile Atlantic Wind Connection project that plans to interconnect up to 6,000 MW of offshore wind power. Subject to the project being included in regional grid manager PJM Interconnection’s regional transmission expansion plan, FERC granted an overall return on equity (ROE) of 12.59%, which includes 250 basis points in incentive ROE adders. Atlantic Wind had requested 300 basis points.

Ocean or wave power energy isn’t one of the “Big Four” renewable energies: solar, wind, biofuel, and geothermal. But several companies and government agencies have been quietly working toward making ocean energy a viable sustainable alternative.

Syndicate content
EnergyBoom Community

Welcome to EnergyBoom - an online community that is actively shaping the most important debate of our time. Login or register to get started.

E•B Clean 100
Choose a different index from the list below.
Trending Story