Assembly Bill 538 "jumpstarts" conversation around regional grid collaboration, with the potential to save hundreds of millions in energy costs
SACRAMENTO, Calif. – Introduced by Assemblymember Chris Holden (AD41), Assembly Bill 538 would create a structure that would allow the California Independent System Operation (CAISO) to integrate into a broader, independent regional transmission operator (RTO). A 2022 economic development study commissioned by Advanced Energy United and conducted by Energy Strategies found that a transition like the one proposed in AB 538 could create over 138,000 jobs and save ratepayers $538 million per year in energy costs.
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Topics:
State Policy,
California Engagement,
Wholesale Markets,
Press Releases,
Economic Impact,
Amisha Rai,
Western RTO,
California
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,
Wholesale Markets,
Press Releases,
Economic Impact,
Amisha Rai,
California
Urges expedient nomination of a fifth Commissioner to restore a full complement to FERC
WASHINGTON, January 3, 2023 – Today, national business group Advanced Energy United thanked outgoing Federal Energy Regulatory Commission (FERC) Chair Richard Glick for his productive and impactful tenure, congratulated Commissioner Willie Phillips on his appointment as Acting Chair of the Commission, and urged expedient nomination of a fifth Commissioner to restore a full complement to FERC.
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Topics:
Wholesale Markets,
Caitlin Marquis,
FERC
December 8, 2022 – Earlier this week, AEE released findings from three new state-specific reportsfor Colorado, New Mexico, and Arizona showing how joining a Western RTO would power economic growth. Check out what more leaders from across those states are saying about the numbers:
Colorado Governor Jared Polis: “We are continuing to save people money, lower energy bills, and bring more good-paying jobs to Coloradans, and this new report confirms that a Western market advances our bold work achieving these goals. Colorado has committed to join a Western market by 2030, and we look forward to continuing to work with leaders across the region to lower energy costs while making progress towards our goal of 100% renewable energy by 2040."
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Topics:
Wholesale Markets,
Press Releases,
New Mexico,
Colorado,
Western RTO
Santa Fe New Mexican featured our Western RTO economic impact report, citing a press briefing on the study results. Read snippets below and the full article here.
A new economic impact study from the trade group Advanced Energy Economy estimates New Mexicans could save about $114 million in energy costs with the creation of a regional transmission organization that would encompass much of the western U.S.
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Wholesale Markets,
United In The News
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,
Wholesale Markets,
United In The News,
Texas,
Caitlin Marquis,
Amisha Rai
E&E News explored what a unified electricity market could look like in the West, citing AEE's Western RTO Economic Impact Report findings and quoting Sarah Steinberg on the win a regional transmission organization offers states. Read snippets below and the full article here.
As temperatures on the West Coast soared into the triple digits in early September, power demand threatened to reach record levels — and utilities braced for grid problems...
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Topics:
Wholesale Markets,
United In The News,
Sarah Steinberg,
Western RTO
NPR's Mountain West News Bureau featured AEE's Western RTO economic impact study, quoting Sarah Steinberg on how a regionally interconnected power grid can help tackle the region's reliability issues. Read snippets below and the full article here.
Linking the West’s electric utilities to form one organized market would create thousands of jobs and lower energy costs in Nevada, a new economic analysis suggests.
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Topics:
Wholesale Markets,
United In The News,
Sarah Steinberg
S&P Global detailed how a Supreme Court's ruling will limit EPA's authority, quoting AEE's Jeff Dennis on how the decision could also impact FERC's pipeline reviews. Read snippets below and the full article here.
The U.S. Supreme Court's recent decision restricting the U.S. Environmental Protection Agency's authority to regulate planet-warming emissions could constrain efforts by the majority at the Federal Energy Regulatory Commission to elevate consideration of climate change in the agency's decisions.
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Topics:
Wholesale Markets,
United In The News,
Jeff Dennis
Maintaining steady leadership at FERC is important to helping guide nation through energy transition
WASHINGTON, May 20, 2022 – Today, national business group Advanced Energy Economy (AEE) applauded the announcement from President Joe Biden that he is renominating Chair Richard Glick to a seat on the Federal Energy Regulatory Commission (FERC).
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Topics:
Wholesale Markets,
Press Releases,
Jeff Dennis,
FERC