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History
National Interest Electric Transmission Corridor
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A National Interest Electric Transmission Corridor (NIETC) corridor is a geographic region designated by the United States Department of Energy where electricity transmission limitations are adversely affecting American citizens. The Energy Policy Act of 2005 granted the Federal Energy Regulatory Commission (FERC) the authority to create these regions to increase transmission capacity within a short timeframe. If state and local governments fail to issue permits to increase transmission capacity in these areas, FERC can issue federal permits empowering project directors to use eminent domain to purchase property needed to complete projects.
NIETC corridor designated for the Mid-Atlantic Area by the United States Department of Energy in 2007
NIETC corridor designated for the Mid-Atlantic Area by the United States Department of Energy in 2007
NIETC corridor designated for the Southwest Area in 2007
NIETC corridor designated for the Southwest Area in 2007
Energy Policy Act of 2005
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The Energy Policy Act of 2005 is a federal law signed by President George W. Bush on August 8, 2005, at Sandia National Laboratories in Albuquerque, New Mexico. The act, described by proponents as an attempt to combat growing energy problems, changed US energy policy by providing tax incentives and loan guarantees for energy production of various types. The most consequential aspect of the law was to greatly increase ethanol production to be blended with gasoline. The law also repealed the Public Utility Holding Company Act of 1935, effective February 2006.
George W. Bush signing the Energy Policy Act of 2005, which was designed to promote US nuclear reactor construction, through incentives and subsidies,
George W. Bush signing the Energy Policy Act of 2005, which was designed to promote US nuclear reactor construction, through incentives and subsidies, including cost-overrun support up to a total of $2 billion for six new nuclear plants.