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LS Power RTO transmission cost containment proposal endorsed by PJM stakeholders (RTO Insider News)

LS Power RTO transmission cost containment proposal endorsed by PJM stakeholders (RTO Insider News)

Cost Containment Coming to PJM Transmission Bids
May 24, 2018
By Rory D. Sweeney

VALLEY FORGE, Pa. — PJM stakeholders resoundingly endorsed LS Power’s controversial proposal to bring cost-containment measures into the RTO’s transmission planning process following more than two hours of debate before the Markets and Reliability Committee on Thursday.

The proposal will require PJM to evaluate cost commitments — including construction costs, return on equity and capital structure — in its analysis of competitive bids for transmission construction.
The approval came after a last-ditch attempt to delay a vote fell short.

TOs, who have been fighting the proposal for months, overwhelmingly opposed the measure.
Thursday’s standoff was set in motion at January’s MRC, when stakeholders voted to defer a vote on an earlier LS Power proposal.

Read the rest at https://www.rtoinsider.com/pjm-ls-power-cost-containment-transmission-bids-93186/

About LS Power:

LS Power is a development, investment and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, in addition to its development of more than 660 miles of high voltage transmission, LS Power has developed, constructed, managed or acquired more than 45,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired and battery energy storage projects. LS Power actively invests in distributed energy resource platforms, such as CPower Energy Management, Endurant Energy and EVgo, as well as Primary Renewable Fuels. Additionally, LS Power invests in renewables and energy storage through REV Renewables. Across its efforts, LS Power has raised in excess of $47 billion in debt and equity financing to support North American infrastructure. For more information, please visit www.LSPower.com.