Transmission Development
Where do we go from here?
Randy Satterfield, Executive Vice President
American Transmission Co.
atcllc.com
ATC Footprint
ATC is a privately held, transmission-only
company:
• Recognized leader in planning, construction
and operation of transmission grid
• History of strong collaborative relationships
with all stakeholders
• Proven track record in building transmission
• Attractive FERC rate structure and
regulatory features that support investments
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2
Snapshot
Four Years Ago
Where We are Today
• Aggressive state adoption of Renewable
Portfolio Standards (RPS)
• A new administration with an active agenda
• No comprehensive national energy policy
–
National RPS standard
–
Cap and trade legislation or some carbon
impactful measures
–
Recognition of the value of transmission
and policies designed to facilitate
development
• Cap and trade/carbon policies politically
difficult
• Many states revisiting/reversing RPS
standards
• Wind development scaled back
• FERC Order 1000 creating uncertainty
• Strong FERC support of transmission
incentives
• Significant development of wind
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3
“The More Things Change…”
• The three regulatory challenges remain essentially
unresolved
– Planning
– Siting
– Cost allocation
• Significant transmission investment needed
– Focus on lowering/mitigating the delivered cost of energy
• Lingering uncertainty drives “sub-optimal” solutions
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4
There are Positive Developments
• FERC Order 1000 demonstrates desire to address the
critical issues
• MISO’s “Multi Value Projects”
• Developers continue to propose projects
• Transmission incentives from 2005 important for
development
atcllc.com
5
Inescapable Truths
• The Nation’s generation portfolio likely very different in
the next 10, 15, 20 years
• Transmission system needs significant investment
(who pays continues to be a challenge)
• We are still having the same fundamental debate that we
were having 5, 10 years ago
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