The Federal Energy Regulatory Commission (FERC) in its March 2024 open meeting made clear that successful energy transition requires immediate action. With the Inflation Reduction Act (IRA) as a benchmark, the U.S. will need to expand its electrical transmission capacity at an annual rate double that seen between 1978 and 2020, as reported by the Rapid Energy Policy Evaluation and Analysis Toolkit in 2022. This amounts to at least a 60% expansion by 2030, according to a 2023 article from the Department of Energy (DOE).
