Washington D.C. (August 25, 2020) — Today the Senate Special Committee on the Climate Crisis released their Minority Staff Report, “The Case for Climate Action: Building a Clean Economy for the American People.”
ACEG is glad that transmission was included in the final Senate report. Notable provisions from the full report include:
- “A more unified national grid with better long-distance connections would require substantial initial investment but would also offer tremendous benefits.”
- “Stimulus could also focus on electric transmission and storage: $30-90 billion in transmission investments are needed by 203084 and federal stimulus could help get a lot of that work done.”
- “FERC plays a critical role in regulating interstate transmission and the wholesale sale of electricity across state lines.”
- “Expanding transmission holds longer-term promise for helping address seasonal variability, by enabling power generated in an area experiencing higher output to be conveyed to areas with temporarily lower output.”
- “Creating a new investment tax credit for regionally significant transmission projects.”
The full report is available here.