Funding for electric grid in the bipartisan bill
- Aug 10, 2021 10:19 am GMT
The Senate bipartisan infrastructure deal recognizes transmission. Policy makers are talking about the importance of the grid when describing the bill. That enthusiasm is great. It is significant that the Senate bill recognizes the importance of transmission as a key part of the nation’s infrastructure. We’ve come a long way in just a couple years.
Unfortunately a lot of policy makers seem to think there is $73 billion for transmission in the bill but there is not. There is only $2.5 billion for a “transmission facilitation program” that helps get new large lines built. Then there is some money for grid hardening and resilience which is a different need, but we can call that transmission too, so maybe there is $5 billion. As everyone in the electric industry knows, that is a tiny amount of funding for transmission. It is a quarter year’s worth. So there is a lot more to do. We still do not have a way to build large highway type lines, or to allocate the costs. Congress should pass a tax credit for regionally significant transmission as the Biden/Harris American Jobs Plan called for.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.