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EPSA Congratulates Laura Swett on Her Appointment as FERC Chairman

Strategic Insights

— 1 min read

As the Electric Power Supply Association (EPSA) celebrates the swearing-in of Laura Swett as Chairman of the Federal Energy Regulatory Commission (FERC), the organization emphasizes the importance of market certainty in attracting investment and ensuring reliable, cost-effective power in the face of rapidly growing electricity demand.

Key Takeaways:

  • The Electric Power Supply Association (EPSA) congratulated Laura Swett on her appointment as FERC Chairman, expressing appreciation to David Rosner for his leadership and service as outgoing chair.
  • Market certainty and clear, consistent rules are essential to attract investment and ensure reliable, cost-effective power in the face of rapidly growing electricity demand, driven by artificial intelligence, electrification, and industrial expansion.
  • Laura Swett understands that competitive power markets are the foundation of electric reliability, innovation, and economic growth, and has the opportunity to strengthen market design and unlock billions in private investment under her leadership.
  • EPSA recognized outgoing Chairman David Rosner for his dedication to reliability and his steady stewardship of the Commission.
  • EPSA and its member companies look forward to continued collaboration with Chair Swett and the Commission to advance policies that sustain reliability, foster innovation, and ensure that competitive markets can meet growing demands of a dynamic and increasingly electrified economy.
  • EPSA members provide about 200,000 MW of reliable and competitively priced electricity from environmentally responsible facilities using a diverse mix of fuels and technologies, including natural gas, wind, solar, hydropower, geothermal, storage, biomass, and coal.
  • EPSA seeks to bring the benefits of competition to all power customers, promoting a more efficient and consumer-friendly power market.

Statistics:

  • 200,000 MW: The amount of reliable and competitively priced electricity provided by EPSA members.
  • $ Billions: The potential private investment to be unlocked through strengthening market design under Committee Chair Swett's leadership.
  • Rapidly Growing Demand: Electricity demand is growing rapidly due to artificial intelligence, electrification, and industrial expansion, necessitating market certainty and clear, consistent rules.

Sources:

  • Electric Power Supply Association, "Statement From EPSA President and CEO Todd Snitchler" (Exact source: WASHINGTON, Oct. 24 -- Electric Power Supply Association issued the following statement).

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