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WIRES and the Environmental and Energy Study Institute held a briefing on the widespread, substantial, and long-lasting benefits of investment in electric transmission. The briefing showcased two London Economics International studies – one study quantifies the future benefits of transmission investment based on two hypothetical projects, the second dispels many of the myths that deter and delay transmission investment. Expanding and upgrading the grid will make it more resilient and deliver increased economic, environmental, and consumer benefits in the billions of dollars over its useful life, according to WIRES. And yet, investment in new regional and interregional electric transmission has been incremental and subject to elaborate and expensive planning and permitting requirements that can easily last a decade.
This panel discussed why transmission should be a major component of the infrastructure conversation and why the economic and societal benefits from a robust high-voltage grid are so important.
♦ create jobs ♦ deliver new energy resources ♦ increase economic activity ♦
♦ improve grid reliability and resilience ♦
♦ lower electricity costs ♦ lower consumer bills ♦ lower harmful emissions ♦
♦ reduce frequency and severity of blackouts ♦
♦ flexible ♦ efficient ♦ high-tech ♦ right-sized ♦ fuel neutral ♦ long-lasting ♦
♦ compatible with market resource alternatives ♦