Bill to repeal TIP’s borrowing authority moves to full House

House Resolution 2915, which proposes to repeal Western’s Transmission Infrastructure Program’s $3.25 billion borrowing authority from the U.S. Treasury, passed the House of Representatives Committee of Natural Resources with no amendments Oct. 5 with a 26-17 straight party-line vote.

While the three projects currently approved to use the borrowing authority – TransWest Express (development phase), Electrical District 5 – Palo Verde Hub and the Montana Alberta Tie, Limited – would not be impacted by the bill’s passage, no other projects being considered would receive funding.

“New transmission is urgently needed in the western United States.  And yet, getting lines in the air has been far too slow over the past few decades,” said Lauren Azar, senior advisor to U.S. Energy Secretary Steven Chu, in a written testimony for a Sept. 22 hearing with the Subcommittee on Water and Power. “Western’s $3.25 billion of permanent, indefinite, borrowing authority is, therefore, a critical tool for addressing two of the major energy challenges we now face in the West — the need for additional transmission infrastructure and integration of renewables onto the grid.”

The bill will now be considered in the full House.

TIP’s borrowing authority constructs or upgrades transmission infrastructure within Western’s 15-state service area that has the reasonable expectation of helping deliver renewable generation to customers and is in the public interest.

3 Comments

  • By Tom Wade, October 12, 2011 @ 10:46 am

    $3.25 billion is obviously a great deal of money to spend, however if it helps reduce the Carbon Footprint and helps the enviroment it is obviously a step in the right direction! we should all embrace anything connected with renewables.

  • By Logitech Revue Review, December 5, 2011 @ 9:04 pm

    information you present is not really the most recent information nevertheless it is amazingly beneficial since it delivered in time and also the right time

  • By Astrology, January 1, 2012 @ 10:33 am

    $3.25 billion is a step in the right direction, but it can’t stop there!

Other Links to this Post

RSS feed for comments on this post. TrackBack URI

Leave a comment

You must be logged in to post a comment.