You might have thought the Feds closed the book on any broad, region-wide sharing of sunk transmission costs—especially after FERC ruled last spring in Opinion No. 494 that PJM could stick with...
FERC mulls rival plans at the last minute, while on the West Coast, California gets into the game.
such criticisms, as shown by this deft rejoinder by its representative, Clinton Vince:
"Political bodies and consumer groups don't support LICAP, but I promise you they will not support blackouts either."
Yet, according to an analysis of the testimony in the LICAP case record, as conducted by a coalition that opposes LICAP and instead supports the NERAM alternative (including the Massachusetts, Connecticut, New Hampshire and Maine PUCs), the New England region for the past 40 years has not suffered a single blackout due to a lack of installed capacity.