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RTO Insider Article: LS Power Transmission Cost Containment Proposal Endorsed by PJM Stakeholders

RTO Insider Article: LS Power Transmission Cost Containment Proposal Endorsed by PJM Stakeholders

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, LS Power has developed, constructed, managed, or acquired more than 46,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired, and battery energy storage projects, of which ~16,700 MW are currently operating. LS Power’s Energy Transition Platforms include CPower Energy Management, Endurant Energy, EVgo, Rise Light & Power, and REV Renewables, as well as Waste-to-Energy initiatives. In addition, LS Power developed and operates over 660 miles of high-voltage transmission, with an additional 100+ miles and multiple substations under construction. Across these efforts, LS Power has raised $49 billion in debt and equity financing to support North American infrastructure. Through 2021, assets under LS Power control avoided 80.67 million metric tons of CO2e, equivalent to nearly 187 million barrels of oil not consumed or over 17.5 million cars taken off the road for one year. For more information, please visit www.LSPower.com.