Today, our nation’s energy grid is letting us down. We are depending on an aging system that is inefficient and increasingly unreliable. Also, our grid is holding us back from accomplishing broader national energy and economic goals. If we want more renewable energy, clean energy jobs, greater efficiency, energy security and fewer carbon emissions, we need to build more strategically planned transmission systems.
ITC and other American companies are ready to invest in new transmission, but the electric grid is governed by an outdated regulatory structure, fractured across multiple jurisdictions on the local, state and federal levels.
In order to have cleaner, more reliable energy, we need to modernize our transmission system. A modern grid requires modern rules. It’s time Congress updates the rules so private investment can build a modern energy grid.