ITC’s proposed portfolio of projects are part of a larger multi-billion-dollar grid expansion across the region intended to bolster grid resiliency and enhance renewable integration.
The project, a middle segment of the larger North Rochester – Columbia line, aims to enhance reliability and reduce congestion in Minnesota and Wisconsin.
CalGrid asks FERC to expedite its decision on rate incentives crucial for mitigating risks for two California transmission projects designed to integrate floating offshore wind projects.
The split decision seeks to strike a balance between incentivizing transmission development with consumer protection, setting a potential precedent for future projects.
Otter Tail Power’s transmission investments are part of a grid upgrade spanning the Dakotas and Minnesota, estimated to cost $2.58 billion.
Settlement with FERC establishes a 10.55% base return on equity for the transmission developer.
The project is part of a portfolio of grid upgrades and expansions in the region estimated to enable the interconnection of up to 53 GW of new generating capacity.
PJM has designated the multi-state transmission project portfolio as essential to address reliability issues and growing data center loads by 2030.
The decision provides full incentives for two of the three proposed transmission lines and network upgrades, which are aimed at bolstering grid reliability in North Dakota’s oil producing region.
Conditional approval has been granted for North Dakota facilities pending state regulatory clearance, while full approval has been granted for the Minnesota portion of the project.
The decision represents a key step in the advancement of the project, designed to help integrate 4,800 MW of offshore wind power for the six-state region.
