May 10, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas) --The Biden administration took another step to accelerate the development of high voltage electric transmission projects May 8 when it released a preliminary list of 10 potential National Interest Electric Transmission Corridors (NIETCs). Inclusion of a corridor on the list does not guarantee its final selection or its eligibility for federal funding. The public can comment on a preliminary NIETC for 45 days, until June 24. By yearend 2024, the Department of Energy (DOE) (Washington, D.C.) expects to finalize these transmission areas, which would enable transmission developers with a project in that corridor to begin negotiating the terms of financial support developers can expect from the federal government.
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