Long-awaited FERC ruling calls for greater regional planning and measures to determine cost allocations
For Immediate Release: May 13, 2024
Media Contact: Luke Jeanfreau | [email protected] | 504-302-8079
BALTIMORE — The Oceantic Network, the leading organization working to advance offshore wind and other ocean renewable industries and their supply chains, applauds today’s ruling out of the Federal Energy Regulatory Commission (FERC) as critical to the industry’s long-term success. By a 2-1 vote, FERC ruled that regional transmission operators conduct regular long-term transmission planning to determine future power needs and laid out measures that help determine how the cost of new transmission development will be allocated to beneficiaries. The Network has long advocated for planned and coordinated transmission development and has published three reports documenting the potential efficiencies, jobs, and economic development it would create:
- Coordinated Transmission Development for Offshore Wind in Multi-State RTOs
- Advancing Policy Measures to Drive Development of the Domestic Offshore Wind Supply Chain
- Advancements in Coordinated Transmission Approaches
The following statement can be attributed to Sam Salustro, vice president of strategic communication at Oceantic Network:
“The Network applauds the Federal Energy Regulatory Commission’s order addressing planning and cost allocation issues as imperative to building out a scalable offshore wind industry and supporting supply chain. Bringing offshore wind power to the grid has always been a challenge and opportunity for the industry, and greater planned and coordinated development that crosses state lines can greatly reduce costs, improve environmental benefits, balance the onshore grid, and importantly facilitate industry’s timely development. Today’s ruling helps unlock offshore wind’s true potential as a critical part of the nation’s energy mixture and major economic development driver.
The Network echoes the Commissions urgency requiring compliance filings to be made swiftly and encourages more reforms that further facilitate interregional transmission development.”
Additional Information:
For more information or to arrange an interview with the Network, contact Luke Jeanfreau at [email protected] or 504-302-8079.
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As a non-profit organization, the Oceantic Network’s driving purpose is to inform, coordinate, and mobilize human ingenuity, enterprise, and labor to take advantage of the urgent need to tap the vast offshore wind and renewable energy resources that lie in the world’s oceans. The collective, coordinated efforts of our 600+ members equip communities and nations to accelerate the transition to clean energy and create economic opportunities.
