latory Issues.pptVIP

EPAct 2005 Regulatory Issues Key EPAct 2005 Provisions(All strongly NEMA advocated) Mandatory enforceable transmission standards (NEMA part of drafting coalition) Federal backstop siting Advanced transmission technologies (NEMA drafted) Incentive-based rates (NEMA drafted) 15 year transmission asset tax life (in tax title) Numerous product efficiency standards (NEMA drafted) Reliability Standards FERC final rule adopted 2/2/06 Establishes independent Electric Reliability Organization ERO responsible for standards and enforcement NERC approved as ERO July 20, 2006 Cost of compliance can be