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Federal Energy Regulatory Commission Pat Wood III, Chairman Regional Grid Development Pat Wood, III Kansas Transmission Summit September 8, 2004.

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Presentation on theme: "Federal Energy Regulatory Commission Pat Wood III, Chairman Regional Grid Development Pat Wood, III Kansas Transmission Summit September 8, 2004."— Presentation transcript:

1 Federal Energy Regulatory Commission Pat Wood III, Chairman Regional Grid Development Pat Wood, III Kansas Transmission Summit September 8, 2004

2 Federal Energy Regulatory Commission Pat Wood III, Chairman 2 Infrastructure Is the Foundation Vigilant Oversight Effective Rules Sufficient Infrastructure Competitive Markets

3 Federal Energy Regulatory Commission Pat Wood III, Chairman 3 Lagging Transmission Investment Half as much annual investment in 2000 as in 1975 Annual growth rates in Gen, Trans, Load

4 Federal Energy Regulatory Commission Pat Wood III, Chairman 4 5 Barriers to Investment 1. Lack of regional focus 2. Incentive to favor generation 3. Uncertain cost recovery policy 4. Insufficient incentives

5 Federal Energy Regulatory Commission Pat Wood III, Chairman 5 Robust regional grids benefit customers Access to inexpensive supply Protection from local disruption and weather volatility Economic dispatch and efficient exchange Fuel diversity

6 Federal Energy Regulatory Commission Pat Wood III, Chairman 6 Fuel diversity Coal and wind require longer lines and regional delivery system. Wind also requires an open competitive balancing (energy) market that RTOs provide.

7 Federal Energy Regulatory Commission Pat Wood III, Chairman 7 State and federal handshake Recent settlements demonstrate lack of conflict  Missouri  Kentucky  Virginia RSCs provide greater opportunities than ever before for state input.

8 Federal Energy Regulatory Commission Pat Wood III, Chairman 8 RTOs help regional grid development Develop regional plan that identifies cost- effective grid investments to support reliability and economic delivery. Provide a means of cost allocation and recovery.


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