NEMA Releases GRID MOD R1-2018 Grid Modernization Investments Report
Press Release Summary:
The National Electrical Manufacturers Association has published GRID MOD R1-2018 reviewing the business case and cost recovery for grid modernization investments. The report summarizes the benefits of grid modernization, documents cost recovery mechanisms and business cases and reviews experience with the investments made in grid modernization. The document provides opportunities for utilities and their regulators who are looking for similar investments.
Original Press Release:
New Report Discusses the Value of Grid Modernization for Customers and Utilities
ROSSLYN, Va., March 12, 2019—The National Electrical Manufacturers Association (NEMA) published NEMA GRID MOD R1-2018 Reviewing the Business Case and Cost Recovery for Grid Modernization Investments. This new report:
- Reviews the experience with grid modernization investments to date,
- Summarizes how grid modernization has benefitted customers and utilities, and
- Documents cost recovery mechanisms and business cases related to these investments.
“Grid modernization efforts are taking place in many states across the country, each with its own priorities, such as improved resilience,” said Brian Marchionini, NEMA staff lead for the Grid Modernization Strategic Initiative. “Most utilities are willing to undertake grid modernization projects provided they achieve timely cost recovery. An increasing number of regulators are willing to consider alternative regulatory models to enable these projects and broader utility innovation.”
During the past decade, several utilities and commissions across the U.S. have made investments in new grid technologies, tools, and techniques to modernize the electric grid. This document provides opportunities for utilities and their regulators who are contemplating similar investments in learning from the experience of early adopters.
NEMA GRID MOD R1-2018 is available for $100 in hard copy and electronic download on the NEMA website.
The National Electrical Manufacturers Association (NEMA) represents nearly 325 electrical equipment and medical imaging manufacturers that make safe, reliable, and efficient products and systems. Our combined industries account for 360,000 American jobs in more than 7,000 facilities covering every state. Our industry produces $106 billion shipments of electrical equipment and medical imaging technologies per year with $36 billion exports.
Press contact:
Tracy Cullen
703-841-3282
press@nema.org
