WIRES, an international non-profit trade association that promotes investment in the high voltage electric transmission grid to sustain the North American electric economy, submitted along with the Edison Electric Institute (EEI) a Joint Motion for Expedited Action on FERC’s Notice of Inquiry Regarding the Commission’s Policy to Determine Return on Equity (Docket No. PL19-4-000). This expedited motion follows supplemental comments that WIRES filed on June 18, 2020.
“A sound policy for determining base rates of return on equity is fundamental to encouraging adequate investment in needed transmission infrastructure. WIRES joins with EEI on this joint motion asking FERC to take quick action in its Notice of Inquiry proceeding to make needed re-visions to its base ROE methodology,” said Larry Gasteiger, Executive Director of WIRES.
“There is a renewed urgency for more guidance and clarity around FERC’s ROE policy to provide regulatory certainty and stable ROEs into the future. More than ever, WIRES believes in-vestment in transmission needs to be encouraged. The COVID-19 pandemic has devastated the economy and decisive action is needed to stimulate a sustained, robust and vigorous economic recovery. The pandemic has highlighted the benefits of cleaner air and the importance of a clean energy future. New and upgraded transmission infrastructure is necessary to integrate more renewable generation, as well as to enhance grid resiliency, and must be part of any planned economic recovery. FERC has a key role in fostering a positive environment for transmission. The Commission must quickly focus on establishing a base ROE methodology that will provide regulatory certainty, spur much needed transmission investment and produce just and reasonable results.”