In one of the first cases to explicitly consider the use of advanced transmission technologies, the Federal Energy Regulatory Commission (FERC) approved a 135 basis point rate adder for incorporation of an underground HVDC line, fiber-optic cables, and static var compensators into the proposed New York Regional Interconnect (NYRI) line. FERC found that the NYRI met a “nexus test” of scope, need, and challenge that merited an increase in rate recovery, and that the project utilized advanced technologies specifically outlined in section 1223 of the Energy Policy Act of 2005. This approval is great news for the smart grid community, as segment by segment, our transmission system is getting upgrades to current-era technology.

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