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US DOJ, FTC say FERC proposal would harm electricity consumers

( August 17, 2022, 22:31 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission and the Department of Justice have submitted to the Federal Energy Regulatory Commission a joint comment urging it not to restore a right of first refusal that would enable incumbent electricity transmission owners to block competitors from bidding to design, construct, and own certain new interstate transmission facilities. “Competition is still the best way to ensure that our electric grid is built out in a way that lowers rates, increases innovation, and improves sustainability and resiliency,” said Director of the Office of Policy Planning Elizabeth Wilkins. “Granting a right of first refusal for transmission upgrade proposals to incumbent monopoly electricity providers without first exhausting procompetitive alternatives ill serves electricity customers.”Statement and document follow below:...

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