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New Study: Regional Electric Grid Would Supercharge California’s Economy

Posted by Adam Winer on Jan 25, 2023

Joining a Western grid would keep the lights on during extreme weather while creating up to 138,700 jobs and annually reducing energy bills $563 million

SACRAMENTO, Calif. – A new study shows California would see significant economic benefits from participating in a regional electric grid with neighboring states. Conducted by independent consulting firm Energy Strategies on behalf of business association Advanced Energy United (formerly Advanced Energy Economy), the study found that joining a regional transmission organization (RTO) could generate upwards of $21.7 billion in new annual gross state product for California and up to 138,000 new, permanent, living-wage jobs. 

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Topics: State Policy, California Engagement, 21st Century Electricity System, Wholesale Markets, Press Releases, Economic Impact, Amisha Rai, California

Canary Media: Fixing the US power grid: A challenge for 2023 and beyond

Posted by Jeff St. John on Dec 29, 2022

Canary Media detailed the need to strengthen the country’s electricity system, quoting Amisha Rai on how the US can build out its energy infrastructure. Read snippets below and the full article here

The grid may be the weakest link in the chain connecting the U.S. to a clean energy future. 

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Topics: 21st Century Electricity System, AEE In The News, Amisha Rai

Study Shows Regional Electric Grid Would Energize Economy in CO, NM, AZ

Posted by Cayli Baker on Dec 6, 2022

Joining a Western RTO would power economic growth and save residents millions in annual energy costs.

December 6, 2022 – Joining a Western RTO would create thousands of permanent jobs and save ratepayers millions of dollars in annual energy costs, according to new data from Advanced Energy Economy. The findings fromthree new state-specific reportsfor Colorado, New Mexico, and Arizona are based on a recent west-wide analysis conducted by independent consulting firm Energy Strategies on behalf of AEE that examined the economic impact of establishing a regional power grid.

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Topics: 21st Century Electricity System, Press Releases, Arizona, New Mexico, Colorado, Amisha Rai

Utility Dive: The power grid faced heat waves, record demand and tight conditions in 2022. What happens next?

Posted by Kavya Balaraman on Nov 22, 2022

Utility Dive examined grid reliability issues popping up across the U.S., quoting Amisha Rai and Caitlin Marquis on regional and national solutions. Read snippets below and the full article here.

Power systems across the U.S. faced challenging grid reliability conditions over the past year, but managed to avoid the worst-case scenario of prolonged outages thanks to a combination of policy measures implemented over the last couple of years and luck, experts say.

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Topics: California Engagement, 21st Century Electricity System, Wholesale Markets, AEE In The News, Texas, Caitlin Marquis, Amisha Rai

E&E News: California to study plans for creating Western regional grid

Posted by Jason Plautz on Aug 15, 2022

E&E News covered new California legislation to explore the benefits of a Western RTO, quoting Amisha Rai on the need for a more interconnected grid. Read snippets below and the full article here.

California is exploring the proposed formation of a regional electric grid as governments and utilities across the West push for broader distribution of renewable resources...

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Topics: California Engagement, AEE In The News, Amisha Rai, Western RTO

California Legislature approves plan to explore regional power grid cooperation

Posted by Cayli Baker on Aug 11, 2022

Resolution from Assemblymember Holden lays the foundation for a better electric power grid for California and states across the West 

SACRAMENTO, August 11, 2022 — Today, national business group Advanced Energy Economy (AEE) celebrated the California Legislature’s passage of ACR 188, which kickstarts discussions about California’s role in improving the Western power grid in collaboration with other states in the region.  

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Topics: California Engagement, 21st Century Electricity System, Press Releases, Amisha Rai

What They’re Saying: New Western RTO Economic Impact Study

Posted by Adam Winer on Jul 28, 2022

This week, national business group Advanced Energy Economy (AEE) released new research into the economic development potential of establishing a regional transmission organization (RTO) to operate the power grid for Western states. The report, conducted by independent consulting firm Energy Strategies, finds that establishing an RTO for Western states would create as many as 657,000 permanent, high-paying jobs in the West. If you want to learn more, watch the press briefing here

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Topics: State Policy, Advanced Energy Employment, Press Releases, Economic Impact, Amisha Rai, Western RTO

UtilityDive: Western RTO could add up to $79.2 billion to regional economy, report finds

Posted by Kavya Balaraman on Jul 27, 2022

UtilityDive analyzed AEE's Western RTO Economic Impact Study, quoting AEE's Amisha Rai on RTO conversations with policymakers. Read snippets below and the full article here.

The creation of a West-wide regional transmission organization could generate between 159,000 and 657,000 permanent jobs through 2030, as well as up to $79.2 billion in additional gross regional product per year across the 11 Western states, according to a new report.

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Topics: 21st Century Electricity System, AEE In The News, Amisha Rai, Western RTO

New Study Shows Integrated Western Power Market Would Create Upwards of 650,000 Permanent High-Paying Jobs in the West

Posted by Adam Winer on Jul 26, 2022

A Western RTO could save Western states $2 billion in annual energy savings

JULY 26, 2022 – A new report for national business association Advanced Energy Economy (AEE) by independent consulting firm Energy Strategies finds that establishing a Regional Transmission Organization (RTO) for Western states would create as many as 657,000 permanent, high-paying jobs in the West. The analysis, "Western RTO Economic Impact Study," also found that a Western RTO would diversify state economies and save ratepayers millions of dollars per year in energy costs.

An RTO is a cooperation agreement which allows electric utilities across multiple states to share resources and leverage the cheapest, cleanest, and most efficient energy sources through an organized regional market. Currently, the West is one of the only regions in the U.S. without an RTO managing its power grid.

The analysis found that every state in the Western region (Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming) could expect economic benefits from a West-wide RTO, driven by lower electricity prices for households and businesses, additional clean energy development across the region, and the expansion of existing, as well as attraction of new, businesses to the West.

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Topics: State Policy, California Engagement, Advanced Energy Employment, Press Releases, Economic Impact, Amisha Rai, Western RTO

AEE’s statement on the CAISO-WEIM $2 billion milestone

Posted by Adam Winer on Apr 21, 2022

WASHINGTON, D.C., April 21, 2022 – Today, national business group Advanced Energy Economy (AEE) reacted to California Independent System Operator's (CAISO) announcement that the Western Energy Imbalance Market (WEIM) has generated $2 billion in costs savings over the last eight years. 

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Topics: Wholesale Markets, Press Releases, Amisha Rai