FERC Order 1000 Competitively Bid Transmission Projects
2021 – 2025 Ratepayer Savings & Benefits
FERC Order 1000 Competitively Bid Transmission Projects
2021 – 2025 Ratepayer Savings & Benefits
Examples of Transmission Projects that Were Competitively Bid
Includes Cost Overrun Protections & Schedule Guarantees
PROJECT: RTEP Pennsylvania PPL Zone (2025)
- Region: PJM
- Lowest Bid Cost ($MM): $415
- Highest Bid Cost ($MM): $1,136
- Cost Range ($MM Savings): $721
- Lowest Bid Savings From Highest Bid: 63%
- Cost Containment Offered on Winning Bid: Yes
- Schedule Guarantee Offered on Winning Bid: No
PROJECT: Mathewson - Redbud 345 kV (2024)
- Region: SPP
- Lowest Bid Cost ($MM): $72
- Highest Bid Cost ($MM): $84
- Cost Range ($MM Savings): $12
- Lowest Bid Savings From Highest Bid: 14%
- Cost Containment Offered on Winning Bid: Yes
- Schedule Guarantee Offered on Winning Bid: Yes
PROJECT: North Gila - Imperial Valley 500kV T-Line (2030)
- Region: CAISO(1)
- Lowest Bid Cost ($MM): $256
- Highest Bid Cost ($MM): $340
- Cost Range ($MM Savings): $84
- Lowest Bid Savings From Highest Bid: 25%
- Cost Containment Offered on Winning Bid: Yes
- Schedule Guarantee Offered on Winning Bid: Yes
*NOTE:
1) CAISO does not publish full list of all bid cost. Low bid is typically selected and CAISO cost estimate is used as high bid for reference.
2) Bids do not include any Public Policy or State Goals driven Transmission RFPs (e.g., Offshore Wind Transmission)
3) ISO-NE and NYISO have not facilitated a competitive transmission RFP in the last five years, excluding offshore wind transmission.
4) ERCOT does not facilitate competitive transmission RFPs.
5) All information contained here is based on publicly available information on each respective RTO/ISO website.
Examples of Cost Overruns of Transmission Projects that Were ‘Not’ Competitively Bid
No Cost Overrun Protections or Schedule Guarantees for Ratepayers
PROJECT: Brandon Shores Deactivation Project (2023)
- Region: PJM
- Initial CapEx ($MM): $739
- Latest CapEx ($MM): $1,514
- Cost Increase %: 105%
PROJECT: Neosho - Riverton (2020)
- Region: SPP
- Initial CapEx ($MM): $48
- Latest CapEx ($MM): $73
- Cost Increase %: 52%
PROJECT: Multi-Gentleman - Cherry Co. - Holt Co. 345 kV (2013)
- Region: SPP
- Initial CapEx ($MM): $373
- Latest CapEx ($MM): $463
- Cost Increase %: 24%