Four Key Predictions for FERC’s 2024 Electricity Agenda
Over the past few years, the Federal Energy Regulatory Commission (“FERC” or the “Commission”) and the Department of Energy (“DOE”) have proposed many rules to support the Biden Administration’s push to build transmission infrastructure to ensure reliability and support new sources of generation. Many of these rules are in the final stages of the rulemaking process, and we expect 2024 to be a significant year for orders on transmission infrastructure. In particular, we expect that, in 2024, the Commission will likely issue: (1) an order on transmission siting; (2) an order that outlines a new return on equity (“ROE”) methodology at the same time as an order related to ROE incentives; (3) a rehearing order for Order No. 2023; and (4) an order on regional transmission planning and cost allocation.
In this report, Vinson & Elkins examines:
- Impact of Danly’s Departure
- Prediction 1: The Commission will likely issue an order on transmission siting.
- Prediction 2: The Commission will likely issue an order that outlines a new ROE methodology while concurrently issuing an order regarding permitted ROE incentives.
- Prediction 3: The Commission will likely issue a rehearing order on Order No. 2023 in early 2024.
- Prediction 4: The Commission will likely issue an order on regional transmission planning and cost allocation.
- Overall Wild Card
Links & Downloads
Key Contacts
Related Insights
- InsightSeptember 12, 2024Video
- InsightJune 25, 2024Video
This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.