EPA SET TO FINANCE BILLIONS FOR POWER GRID TO CARRY RENEWABLES CROSS-COUNTRY

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18 march 2015

EPA's carbon rule could spur $2.5B in power line investment -- ICF

Emily Holden, E&E reporter, ClimateWire: Wednesday, March 18, 2015

As coal-fired power plants go offline under U.S. EPA's Clean Power Plan, building new power lines to bring renewable energy to customers could spur $1.5 billion to $2.5 billion in investment over the next five years, according to an analysis by the consulting group ICF International.

The firm said the figure is a conservative estimate, based on calculating what new transmission might be necessary in the system of the Midcontinent Independent System Operator (MISO) and then extrapolating those levels to the entire country.

ICF said the investment levels are manageable -- representing less than 3 percent of the transmission capital expenditures expected over the next five years. But the timeline for getting infrastructure built could be challenging.

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