Why its so hard to build new electrical transmission lines in the U.S.
Summary
To achieve the full impact of the historic Inflation Reduction Act, that pace must more than double to an average of 2.3% per year, according to a Princeton University report led by professor Jesse Jenkins, who is a macro-scale energy systems engineer. "We are patching and connecting all these different pieces, all of these different utilities, all of these different load-serving entities, and really trying to look at what works best for the greatest good and trying to figure out how to resolve the most issues for the most amount of people," Johnson told CNBC. Those benefits are calculated over a 20-to-40-year time period and take into account a number of construction inputs including avoided capital cost allocations, fuel savings, decarbonization and risk reduction. The cost will eventually be borne by energy users living in the MISO Midwest subregion based on usage utilitys retail rate arrangement with their respective state regulator. For Great River Energy, a critical component of engaging with the local community is hosting open houses where members of the public who live along the proposed route meet with project leaders to ask questions.