Davis Strobridge

[WIRES @wiresgroup]

The panelists underscored how utilities are unique within the S&P, with stocks responding dramatically to changes in the regulatory environment. They also emphasized that high-quality regulation & a consistent regulatory framework are essential.
Recording: https://t.co/IJgOO0j8GK

[WIRES @wiresgroup]

It was a pleasure to welcome @FERC Commissioner @LaCerteDA to the WIRES Summer Meeting as our keynote. Our members appreciated your remarks & welcomed your view that the U.S. urgently needs new & modernized transmission to meet explosive demand & achieve our national goals.

[WIRES @wiresgroup]

A monthly electric bill includes several components: generation, distribution, transmission & state mandates/taxes. Transmission is often the smallest of the power components, even as grid investment increases to boost power reliability & to meet growing economic demands.
#Grid

[ITC Holdings Corp. @ITCGrid]

ITC commends @FERC or taking an important step to modernize how large energy users connect to the grid amid rapidly growing demand. With additional consumer protection and transparency provisions, FERC recognized that incorporating large loads – when done right – puts downward pressure on transmission costs.

More from ITC here: https://t.co/5iGvDfbXL7

[Simon Mahan @SimonMahan]

FERC: does a thing
Everyone, 5 minutes later: WHAT'S YOUR SUMMARY OF THE 115 PAGES

[Energy ALERT @ALERTenergyUSA]

Local transmission providers are ready to deliver reliable, lower-cost energy for American families — if federal red tape stops getting in the way.

[Davis Strobridge @DStroEnergy]

@AriPeskoe @matthewstoller @SimonMahan I just provided the evidence (?), which FERC cited to in RM21-17 NOPR proposing to expand ROFR.

[Davis Strobridge @DStroEnergy]

@AriPeskoe @matthewstoller @SimonMahan I would argue every major portfolio has been supported by ROFR. MVP was pre-Order 1000, same with SPP Balanced Portfolio. Then, there was nothing for a decade… until state ROFRs were passed in MISO and LRTP came right after.

Also, WIRES collab report: https://t.co/zRJzRYuE9s

[Davis Strobridge @DStroEnergy]

@AriPeskoe @matthewstoller @SimonMahan State ROFRs in MISO were a key component of fostering a collaborative environment to approve the largest regional backbone(s) in U.S. history. Why was MISO the only region to do 1920-like planning before it was cool? No coincidence it had the largest # of ROFRs in the country.

[Davis Strobridge @DStroEnergy]

@SimonMahan And, because this is lost these days, always respect your opinions and appreciate your passion for all things energy.

[Davis Strobridge @DStroEnergy]

@SimonMahan And those regulated companies pass cost overruns to customers through exclusions and trap doors that are less transparent than the traditional approach (redacted!). We are gamifying Tx and misleading customers on the true cost of this buildout. Thus, losing momentum to build.

[Davis Strobridge @DStroEnergy]

@SimonMahan We should do everything that maintains the our democratic norms. PE firms “bidding” on critical infrastructure is not in the public interest. They will flip the assets back to the utilities after 10 years for a premium (always what PE does), don’t use union labor, etc.

[Davis Strobridge @DStroEnergy]

@SimonMahan I would also argue your AI answers bolster the complaint. Each model says it would take away the front-end delay of a very difficult process. Why wouldn’t we do everything to make development easier given all the other obstructions throughout the process detailed by the LLMs.

[Davis Strobridge @DStroEnergy]

@SimonMahan As I’ve attempted to persuade you before on incentive regulation, this isn’t necessarily true in MISO North where state ROFRs led to utilities supporting the largest tranches of regional projects in U.S. history.

[Davis Strobridge @DStroEnergy]

@melissaklandry @EnviWood @PelicanInst And here is a critical review of that report from PhD economist Carl Petersen: https://t.co/FocPCYcOsM

[Davis Strobridge @DStroEnergy]

@xiaowang1984 @kchan55 Apples-to-Oranges overall. In SPP, the study intentionally picks an earlier date to start counting development time for incumbent projects compared to what is used to for competitive projects. Little details that go unnoticed by the general public and deliver clickbait headlines.

[Davis Strobridge @DStroEnergy]

@kchan55 @xiaowang1984 It’s unfortunate how misleading the entire study is. Used different starting points in SPP to intentionally skew the data, too.

[Davis Strobridge @DStroEnergy]

@ElectricityTCC How have they delivered cost savings if they aren’t in service? I’m all for having a debate on competition. But blatantly misleading the public by claiming cost savings have occurred when the projects were just bid out is disingenuous…

[Leslie Hayward @leslietron]

Krista Tanner of @ITCGrid conveying that while we can't copy China's process on building #transmission, we can still have a forward-looking planning process, and start building grid infrastructure before we need it.

#safesummit2026