1. Transmission Development Where do we go from here?
Randy Satterfield, Executive Vice President American Transmission Co.
12/20/2012

2. ATC Footprint ATC is a privately held, transmission-only company:
Recognized leader in planning, construction and operation of transmission grid
History of strong collaborative relationships with all stakeholders
Proven track record in building transmission
Attractive FERC rate structure and regulatory features that support investments

3. Snapshot Four Years Ago Where We are Today
Aggressive state adoption of Renewable Portfolio Standards (RPS)
A new administration with an active agenda
National RPS standard
Cap and trade legislation or some carbon impactful measures
Recognition of the value of transmission and policies designed to facilitate development
Strong FERC support of transmission incentives
Significant development of wind
No comprehensive national energy policy
Cap and trade/carbon policies politically difficult
Many states revisiting/reversing RPS standards
Wind development scaled back
FERC Order 1000 creating uncertainty
7/31/2018

4. “The More Things Change…”
The three regulatory challenges remain essentially unresolved
Planning
Siting
Cost allocation
Significant transmission investment needed
Focus on lowering/mitigating the delivered cost of energy
Lingering uncertainty drives “sub-optimal” solutions

5. There are Positive Developments
FERC Order 1000 demonstrates desire to address the critical issues
MISO’s “Multi Value Projects”
Developers continue to propose projects
Transmission incentives from 2005 important for development

6. Inescapable Truths
The Nation’s generation portfolio likely very different in the next 10, 15, 20 years
Transmission system needs significant investment (who pays continues to be a challenge)
We are still having the same fundamental debate that we were having 5, 10 years ago