Utility Dive•25 days ago
Power plants in SPP can expand up to 20% under new FERC-approved fast-track review
Key Takeaway
FERC's new fast-track review in SPP offers developers a streamlined path to quickly expand existing power plants, potentially easing capacity constraints and accelerating project timelines.
AI Summary
- •FERC has approved a new fast-track review process allowing power plants in the SPP region to expand capacity by up to 20%.
- •Developers must demonstrate secured financing and equipment, and commit to bringing the expanded capacity online within five years.
- •This regulatory change provides a streamlined pathway for existing generators to add capacity, potentially impacting regional supply and project timelines for developers.
Topics
fercfinancinginterconnectpolicyspp