A Federal Energy Regulatory Commission proposal to eliminate a 50-basis point rate incentive for utilities that joined regional transmission organizations has drawn fierce pushback from investorowned utilities and pro-transmission nonprofits. But public power trade groups, state regulators and consumer advocates argued that the supplemental proposal, unveiled in April as part of a broader effort to revamp FERC’s transmission incentives policies, strikes an appropriate balance in shielding customers from an estimated $400 million in annual costs. At issue is a March 2020 proposed rule (RM20-10) that would have doubled FERC’s existing 50-basis-point adder for RTO participation to 100 basis points. In issuing that proposal, FERC cited total annual benefits for customers in PJM Interconnection, Midcontinent Independent System Operator and Southwest Power Pool of approximately $10 billion.
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