The Federal Energy Regulatory Commission (FERC) has approved a rate for ITC Great Plains transmission facilities in Kansas and elsewhere in the Southwest Power Pool Inc. (SPP) region. FERC acknowledged the benefits of independent transmission companies like ITC Great Plains and approved rate incentives to help expedite investment in Kansas' high-voltage electricity grid.
‘Approval of this rate construct for ITC Great Plains moves us a big step closer to being able to make important investments in the SPP region, including critical investments in Kansas' transmission infrastructure,’ says Ed Rahill, senior vice president and chief financial officer for ITC Holdings Corp.
The federal order approves certain incentives for ITC Great Plains' two principal Kansas projects, the V-Plan and the KETA Project, as well as a base rate for other transmission assets owned or built by ITC Great Plains in SPP. ITC Great Plains has filed a siting application with the Kansas Corporation Commission for an 89-mile portion of the KETA project between Spearville and Hays, Kan.
SOURCE: ITC Holdings Corp.