December 11, 2023 @ 10:00 am - 11:30 am EST
Reducing Regulatory Costs and Timelines for Power Plant Development
Excessive regulatory costs and delays for new power plant development are driving up customer energy bills and threatening grid reliability amid resurgent electric demand. Permitting and generator interconnection approvals, in particular, are preventing or delaying fossil and renewable projects by a decade in many regions. The exception is Texas, where efficient permitting and interconnection enable project development in two to three years. This has unleashed rapid generator investment that lowers costs and emissions while augmenting grid reliability despite remarkable demand growth.