FERC Seeks Input on Smart Grid Rate Recovery

On May 21, 2009, the Federal Energy Regulatory Commission ("FERC") solicited supplemental comments in the Smart Grid Policy docket specifically related to how it should address requests for rate recovery from public utilities to install Smart Grid facilities that are not paid for through U.S. Department of Energy ("DOE") funds, such as those authorized under the Energy Independence and Security Act of 2007.  FERC also wanted comments on whether granting conditional approval of Smart Grid projects would prove helpful to public utilities in seeking federal funding. 

Industry participants submitted comments urging FERC to act quickly in adopting an interim rate policy for rate recovery on Smart Grid projects, since DOE is on an expedited schedule to assess and award stimulus funds for Smart Grid projects.  DOE expects to issue a "Funding Opportunity Announcement" on June 17, 2009, with the first round of applications due to be submitted to DOE by July 29, 2009.