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FERC to Unveil US Power Grid Reform on May 13

Summary

Reuters reports that the U.S. Federal Energy Regulatory Commission (FERC) will announce its plan on May 13 to expedite the development of long-distance transmission lines to accommodate increasing power demands and integrate planned clean energy projects into the grid. This initiative aims to modernize the aging electric transmission system to align with the transition from fossil fuels to renewable energy sources. FERC's proposal responds to the backlog of requests from wind and solar energy developers seeking connection to the grid, which has hindered the expansion of renewable energy capacity critical for the Biden administration's goal of decarbonizing the power sector by 2035.

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