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New paper corrects two widely held perceptions in regulatory community

AMERICA'S POWER PLAN: This paper corrects two widely held notions in the regulatory community: that the utility’s rate of return is the sole value driver for utility shareholders and that rates of return are set at the cost of equity. Neither of these perceptions is correct. Instead, the financial “value engine”—the difference between a utility’s return on investment and its cost of capital—drives shareholder returns. The authors argue that regulators should use this value engine to align utilities’ financial motivations with delivering value to customers and society. They can offer utilities opportunities to earn increased revenues when they provide value-based products and services. June 2015

WGG’s Synapse EIM Report

WGG commissioned a report by Synapse Energy Economic, Inc. to estimate the benefits of the newly formed regional Energy Imbalance Market. The report was commissioned to illuminate all benefits - financial savings as well as reliability improvements - resulting from utilities participating in this market platform. The report will be used to encourage utilities and regulators to join the EIM as soon as possible to capture customers savings, reduce the cost of renewable energy integration and improve reliability.

IEEE publishes Collaborative Transmission Planning: California’s RETI paper by David Olsen

RETI (Renewable Energy Transmission Initiative) identified and ranked Renewable Energy Zones in California and neighboring regions, using both economic and environmental criteria, determined the transmission needed, based on least-regrets transmission planning principles, to access and deliver target renewable energy, and prepared a statewide conceptual transmission plan. RETI has been effective in identifying development priorities and in building stakeholder support for generation-transmission development for renewable energy. Its approach is applicable to other jurisdictions considering large-scale wind power-transmission construction.

Western Grid Group releases transition plan to clean energy

The Clean Energy Vision Project charts a sustained, orderly transition from coal and gas to more jobs, better health and true energy security. These four documents outline what policies and investments are needed as well as the how a modernized grid will operate.

WGG submits comments and recommendations for WAPA reform.

WGG submitted specific recommendations for WAPA reform to the DOE-WAPA Joint Outreach Team & comments presented at the DOE/WAPA Workshop in Folsom, CA on July 26, 2012.

Request for Rehearing of Order 764 submitted by the FERC Project.

Several groups including the Western Grid Group joined the FERC Project in requesting a rehearing of Federal Energy Regulatory Commission (FERC) Order 764. The document that was filed is linked here.