What is the story about?
What's Happening?
Federal Energy Regulatory Commission (FERC) Chairman David Rosner has outlined his priorities during his first open meeting as head of the agency. Rosner emphasized the need for abundant and affordable energy to drive economic growth, focusing on infrastructure development and grid reliability. He aims to issue guidance on colocating data centers with power plants in the PJM Interconnection. Rosner, who replaced Mark Christie as chairman, is working with colleagues to make swift, fair, and independent decisions. The agency is also addressing the PJM colocation docket, which involves data centers receiving electricity directly from nearby power plants.
Why It's Important?
Rosner's focus on infrastructure and grid reliability is crucial for ensuring the safety and security of the American people. Reliable and affordable energy is essential for economic prosperity, reshoring manufacturing, and winning the AI race. The emphasis on infrastructure development could lead to significant investments in pipelines, hydropower, liquefied natural gas, and transmission lines. This approach aims to create stable market price signals to facilitate new infrastructure where needed, potentially boosting economic growth and energy security.
What's Next?
FERC is expected to advance the PJM colocation review, setting guidelines to unlock new technologies and get data centers built. Rosner's priorities may influence future decisions on energy infrastructure and grid reliability. The agency's focus on swift and fair decision-making could lead to expedited processes for energy projects, impacting stakeholders in the energy sector.
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