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: Wisconsin Southeast 345 kV (2025)
- Region: MISO
- RTO / ISO Estimate ($MM): $662
- Winning Bid Cost ($MM):$349
- Cost Savings ($MM): $313
- Competitive Discount: 47%
- Cost Containment Offered on Winning Bid: Yes
- Schedule Guarantee Offered on Winning Bid: Yes
PROJECT: Humboldt - Collinsville 500kV T-Line/Sub (CA) (2024)
- Region: MISO
- RTO / ISO Estimate ($MM): $2,327
- Winning Bid Cost ($MM): $1,165
- Cost Savings ($MM): $1,162
- Competitive Discount: 50%
- Cost Containment Offered on Winning Bid: Yes
- Schedule Guarantee Offered on Winning Bid: Yes
PROJECT: Hiple to IN/MI State Border 345 kV (2023)
- Region: MISO
- RTO / ISO Estimate ($MM): $254
- Winning Bid Cost ($MM): $77
- Cost Savings ($MM): $177
- Competitive Discount: 70%
- Cost Containment Offered on Winning Bid: Yes
- Schedule Guarantee Offered on Winning Bid: Yes
*NOTE:
All information contained here is based on publicly available information on each respective RTO/ISO Excludes sponsored projects approved by PJM, which do not estimate individual line costs prior to competitive solicitation. ISO-NE and NYISO have not facilitated a competitive transmission RFP in the last five years, excluding offshore wind transmission. Data does not include projects for which the winning bid cost is not publicly disclosed.
Table reflects 2021–2025 bid years, representing the period during which competitive solicitation processes had reached sufficient maturity and consistency across RTOs/ISOs to support meaningful
Cost containment provisions include Hard Caps, ROE Stepdown Points, and ATRR
CAISO estimates show the midpoints of CAISO cost estimate ranges for the competitive portions of
This does not reflect developer performance; all bids received exceeded MISO’s pre-RFP planning estimate, and the winning bid was the lowest proposal submitted.
*Project in service; met or beat need date; ratepayer costs held to cost cap.
RTO/ISO Direct-Assigned Transmission Projects (Non-Competitive)in the FERC Order 1000 Era
No Cost Overrun Protections or Schedule Guarantees
PROJECT: Brandon Shores Deactivation Project (2023)
- Region: PJM
- Awarded Utility: BGE/PECO/Exelon
- Original Cost ($MM): $739
- Latest/Final Cost ($MM): $1,514
- Cost Increase (%): 105%
PROJECT: Neosho - Riverton (KS/MO)* (2020)
- Region: SPP
- Awarded Utility: Evergy
- Original Cost ($MM): $48
- Latest/Final Cost ($MM): $73
- Cost Increase (%): 52%
PROJECT: Stoughton Cable Project (MA)* (2014)
- Region: ISO-NE
- Awarded Utility: Eversource
- Original Cost ($MM): $213
- Latest/Final Cost ($MM): $317
- Cost Increase (%): 49%
*NOTE:
All information contained here is based on publicly available information on each respective RTO/ISO website, and contains in service or late-stage projects or projects with cost data approved for construction between 2012 and
MISO MVP project with both direct-assigned (non-competitive) and competitive Competitive scope and cost was removed so that only direct-assigned scope and cost is shown.
MISO MVP project with a cost change (cost increase) that is under Variance Analysis