ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

FERC plans to improve process for hydroelectric projects

The Federal Energy Regulatory Commission (FERC) in the U.S. released its five-year strategic plan (for Fiscal Year 2022 through 2026), which includes improving the siting and review process for hydroelectric projects along with interstate gas pipelines and LNG facilities. FERC licenses non-federal hydropower projects. About 340 applications to relicense hydroelectric facilities are expected to be filed between FY2021 and FY2031, […]

The Federal Energy Regulatory Commission (FERC) in the U.S. released its five-year strategic plan (for Fiscal Year 2022 through 2026), which includes improving the siting and review process for hydroelectric projects along with interstate gas pipelines and LNG facilities.

FERC licenses non-federal hydropower projects. About 340 applications to relicense hydroelectric facilities are expected to be filed between FY2021 and FY2031, which is about one-third of all active FERC-issued licenses. In the plan, the commission said it is committed to timely review of license applications and ensuring transparency regarding the potential environmental impacts and required mitigation measures.

To achieve this objective, FERC plans to:

  • Conduct thorough and timely technical review of applications to construct, operate or modify hydropower infrastructure;
  • Assess compliance with environmental mitigation conditions in FERC orders during construction and operation of hydropower infrastructure;
  • Conduct comprehensive and timely inspections of hydropower facilities to ensure compliance;
  • Protect and improve the reliable and secure operation of the bulk power system through mandatory and enforceable reliability standards; and
  • Protect FERC-jurisdictional energy infrastructure through collaboration and sharing best practices.

The fiscal year 2022-2026 Strategic Plan set out six priorities:

  • Modernizing electricity market design;
  • Improving the siting and review process for FERC-regulated energy infrastructure;
  • Safeguarding electric infrastructure from emerging threats to reliability and security;
  • Facilitating development of the electricity infrastructure needed for the changing resource mix;
  • Improving accessibility and participation in FERC proceedings; and
  • Promoting a strong and robust enforcement program.

The plan outlined how FERC will execute on each priority, including a series of related goals and objectives. The commission said it will report progress made toward each priority in its annual Congressional Justification document.

Under the Federal Power Act, the commission’s hydroelectric responsibilities include licensing, relicensing, and surrender and decommissioning. The commission’s review under NEPA must ensure transparency for stakeholders regarding the potential environmental impacts and required mitigation measures for hydropower projects. In executing these responsibilities, the commission plays a coordination role with its federal agency partners to meet anticipated timelines for review and analysis. The commission also maintains safety responsibility over all licensed hydroelectric facilities.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.