FOR IMMEDIATE RELEASE
May 23, 2022
Consumers Urge Senator Lankford to Follow the Example of Oklahoma on Transmission Competition
WASHINGTON – The Electricity Transmission Competition Coalition is urging Oklahoma Senator James Lankford to support policies that promote competition in electricity transmission nationally – so that more American consumers can enjoy the benefits happening now in his home state. The Southwest Power Pool approved NextEra Energy Transmission (NEET) Southwest’s bid that reduced the cost of the transmission project by 29 percent, which proves that transmission competition is an anti-inflation policy.
Meanwhile, the Federal Energy Regulatory Commission’s (FERC) recent notice of proposed rulemaking would make the Oklahoma success story a thing of the past by effectively ending the competitive bidding process.
In the letter to Senator Lankford, Chair of the Electricity Transmission Competition Coalition, Paul Cicio said: “We urge you to help make transmission competition a national policy as was intended under FERC Order 1000. Open competition in electricity transmission planning is the best mechanism to lower costs for consumers, drive innovation, reduce inflation and promote greater energy efficiency to achieve our nation’s carbon reduction goals.”
At a time when inflation is at a 40-year high, and electricity price increases exceed those of the Consumer Price Index, ending competition will increase the rates that consumers pay each month.
Click here for the full letter to Senator Lankford.
About the Electricity Transmission Competition Coalition
The Electricity Transmission Competition Coalition (ETCC) is a broad-based, nation-wide coalition committed to increasing competition in America’s electricity transmission infrastructure. We advocate for common-sense policies and solutions that result in competitively priced transmission projects, which reduce energy costs for all ratepayers – from large manufacturers to residential consumers. The ETCC represents a diverse group of more than 70 companies and organizations from all 50 states, including manufacturing groups, retail electric consumers, state consumer advocates, public power representatives, think tanks, and non-incumbent transmission developers.
For more information, visit: www.electricitytransmissioncompetitioncoalition.org.