FOR IMMEDIATE RELEASE
Affordable Energy Coalition Applauds FERC Decision
Washington, D.C., January 8, 2018 – Today, the Affordable Energy Coalition (AEC) released the following statement in response to the Federal Energy Regulatory Commission’s (FERC) decision to reject the “Grid Resiliency Pricing Rule”:
“We applaud the Federal Energy Regulatory Commission’s decision to reject the proposed rule. This decision is a victory for the tens of millions of consumers in the Midwest, Mid-Atlantic, and Northeast who would have seen their electricity bills increase with little or nothing to show for it,” said Michael Steel, a spokesman for the AEC.
“As FERC and the regional transmission organizations move forward on a new process to examine grid reliability and resiliency, the Affordable Energy Coalition encourages them to continue to focus on how improvements to the grid can be made while protecting markets and keeping energy affordable for American families and businesses.”
In the fall of last year, the U.S. Department of Energy filed a Notice of Proposed Rulemaking with FERC that would reward power plants capable of stockpiling 90 days’ worth of fuel onsite. The proposal would have done nothing to achieve its stated purpose of bettering grid resiliency and reliability and had been estimated to cost consumers more than $10 billion per year.
The AEC represents a diverse group of organizations, businesses, and communities focused on keeping energy affordable for American consumers.
More information on the AEC is available on the coalition’s website: www.affordableenergycoalition.com