March 19, 2009
On March 19, 2009, FERC issued a proposed Policy Statement and Action Plan concerning the development of a smarter grid for the Nation’s electric transmission system that focuses on the creation of key standards to achieve interoperability of smart grid devices and systems. The Commission's Smart Grid Policy Statement and Action Plan also proposes a rate policy for the interim period until interoperability standards are adopted. Generally, the Commission explains that smart grid investments that demonstrate system security and compliance with Commission-approved Reliability Standards, the ability to be upgraded, and other specified criteria will be eligible for timely rate recovery and other rate treatment.
To read the Commission’s fact sheet on the Smart Grid Policy Statement and Action Plan, click here
To read the entire text of the Commission’s Smart Grid Policy Statement and Action Plan, click here