US Power & Utilities: Power Playlist: Regulatory clarity on the way

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US Power & Utilities: Power Playlist: Regulatory clarity on the way

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US Power & Utilities

Power Playlist: Regulatory clarity on the

way

Government Regulations

Addressing the structural gap in large load growth 22 June 2026

FERC and PJM are moving to address a key structural issue: large loads (50 MW) are Equity

scaling faster than grid infrastructure and existing tariff frameworks can support. FERC is United States

establishing a clearer, more consistent regulatory framework to enable growth, while PJM Utilities

is introducing interim and long-term solutions to manage reliability and timing constraints. Ross Fowler, CFA

Research Analyst

FERC: Standardized framework with regional flexibility BofAS+1 646 855 1506

FERC is pushing the market toward a standardized framework for integrating large ross.fowler@bofa.com

loads, focused on improving how projects are studied, how costs are assigned, and how Rinny Singh

reliability is maintained. Importantly, while the framework is consistent across regions, ResearchBofAS Analyst

FERC is explicitly allowing for regional differences in implementation, recognizing that +1 646 855 5729

rinny.singh@bofa.com

RTOs are at very different stages of development.

F. Paul Cole

BofASFERC: Pro-growth approach favors advanced regions

+1 646 743 2122

The Commission’s approach is pro-growth, supporting co-location and flexible load paul.cole2@bofa.com

solutions while reinforcing cost discipline. Regions already further along, such as SPP/PJM, Nicolas Woods

are best positioned to benefit, in our view. The show cause orders are encouraging for Research Analyst

BofAS

accelerating large load interconnection, with clearer rules emerging to support deployment. +1 646 556 4179

nicolas.woods_barron@bofa.com