By the action of its Regional State Committee, Southwest Power Pool Inc. (SPP), the organization overseeing regional transmission planning in several states including, has approved developing a new rate structure for qualifying capital projects that apportions the costs of the projects over a broader geographic area, commonly referred to as a ‘postage stamp rate.’
SPP also approved its ‘2008-2017 Transmission Expansion Plan’ document, which includes two high-voltage transmission projects sponsored by
ITC says both actions by SPP will have a positive impact on ITC's push to improve electric reliability, facilitate renewable resources and support ongoing economic growth in .Â
‘We are pleased that the SPP Regional State Committee has voted to create a progressive cost recovery system that will ensure transmission investment can remain ahead of the curve and meet current and future demands on the transmission grid while spurring regional economic growth,’ says Carl Huslig, president of ITC Great Plains.Â
ITC Great Plains announced last year that it would pursue the approvals needed to build a 180-mile, high-voltage line between., and Axtell, Neb., and the V plan, a 180-mile line in that would connect Spearville to .