For the first time in decades, utilities are projecting significant load growth due to rising power requirements from data centers, manufacturing facilities, transportation, and buildings. Emerging technologies, evolving cost profiles, consumer preferences, energy provider options, and state and local efforts are driving the need for a variety of electricity sources and responses. Capital expenditures will be significant to meet growing needs. Ensuring investments are right-sized and consider all cost-effective approaches such as demand-size solutions, innovative technologies, and resilient supply-side resources will be critical to maintaining reliability and customer affordability. Comprehensive electricity planning that considers customer, distribution system, resource, and transmission needs and capabilities will lead to higher value outcomes at lower costs.
NASEO and the National Association of Regulatory Utility Commissioners (NARUC) provided a forum through the Task Force on Comprehensive Electricity System Planning for the development of state-led pathways toward a more resilient, efficient, and affordable grid that meets current and future electricity needs across the U.S. These efforts have continued under the NASEO-NARUC Initiative on Comprehensive Electricity Planning in an Era of Load Growth.