ITC Holdings Executive VP and CFO Cameron Bready appeared on Fox Business to discuss how our nation’s electricity grid is positioned to handle the increasing demand for energy.
Responding to a quote from FERC Chairman Jon Wellinghoff on the need for investment in transmission to meet the shifting generation fleet, Bready agreed and highlighted how regional systems are the key:
“Building more regional systems will make sure we are accommodating the reliability and interconnection needs for wide scale generation across multiple markets and allow power to move more freely across markets.”
On FERC’s new rule outlining how regions pay for transmission expansion, Bready explained that the general principles make sense:
“The general principles from FERC are that those who benefit from the expansion of transmission should bear some of the costs. After all, you’re asking people who are going to benefit on a broad scale basis from improving reliability and allowing access to lower cost generation costs to pay some of the costs associated with the improvements.”
Watch the entire interview.