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Saturday, November 16, 2024

House committee reviews Federal Energy Regulatory Commission budget amid rising utility costs

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Cathy McMorris Rodgers - Chair of the House Energy and Commerce Committee | Official U.S. House headshot

Cathy McMorris Rodgers - Chair of the House Energy and Commerce Committee | Official U.S. House headshot

Washington D.C. — House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-WA) delivered opening remarks at the Energy, Climate, and Grid Security Subcommittee hearing titled “The Fiscal Year 2025 Federal Energy Regulatory Commission Budget.”

“I am pleased that all five commissioners are here today to offer their testimony. Welcome back to Chairman Phillips and Commissioner Christie.

“I would also like to offer a warm welcome to FERC’s newest members, Commissioners Rosner, See, and Chang.

“FERC was established by Congress as an independent agency within the Department of Energy through the Department of Energy Organization Act of 1977.

“While FERC is an independent agency, it still answers to Congress and must carry out the mission that Congress directs it to.

“Congress established FERC as an economic regulator, to ensure that electricity, natural gas, and oil are delivered to the American people safely, securely, and at a reasonable price.

“In order to achieve this, we need solutions that bring down costs for Americans who are currently suffering under the burden of exploding costs across the board, including rising electric and utility rates.

“Expanding energy with an all-of-the-above strategy will ensure Americans won’t have to worry about rationing energy in the summer or winter months or having to make tough choices about whether to pay the electric bill or buy groceries for their family.”

Challenges Facing America’s Energy Systems

“That requires that FERC adhere to its core mission, especially as America’s energy and economic security is increasingly under attack by the Biden Administration and their radical rush-to-green agenda.

“Over the last four years, this administration and Democrats have wreaked havoc on our nation’s economy, energy prices, and our grid and pipeline infrastructure.

“They have chosen to prioritize the interests of radical environmental activists at the expense of the American people, eliminating jobs and investments for American energy workers, making us dangerously dependent on the Chinese Communist Party for our energy supply chains, and forcing the early retirement of our most affordable and reliable power plants.

“Given their independence and mission, FERC should be stepping up and taking action to protect consumers. But sadly, it seems that FERC has lost sight of its mission.

“FERC has the responsibility to ensure that rates for interstate transmission of electricity and natural gas are 'just and reasonable.'

“It also has a responsibility to issue timely permits for pipelines, hydropower projects, and LNG export facilities when they are in the 'public interest’ of Americans.

“The commission must do more to insulate itself from Democrats’ ‘rush-to-green' agenda and refocus on its core Congressionally directed mission.”

Energy Prices for Americans

“FERC also recently announced a new transmission rule which advanced along partisan lines.

“The new rule will raise energy prices and trample on states’ authority over their energy infrastructure.

“It will force some states to shoulder costs for transmission lines with no actual benefits for their own communities—especially in rural areas.

“The commission has also slow-walked permitting for pipelines and LNG facilities which directly impacts supply—and price—of natural gas.

“At a time when more than half of the nation is at elevated risk of blackouts we need do more unleash American energy rather than throttle it."

"That starts with meaningful infrastructure permitting reforms reducing energy costs ensuring U.S. can reach full potential.”

Looking Forward

“I cannot say this enough: energy is foundational everything we do."

"It keeps lights on heats homes powers hospitals businesses transportation."

"Access affordable reliable over past century raised standard living driven technological innovation improved health wellbeing all Americans."

"We need continue protecting building legacy."

"Today’s hearing opportunity Members hold accountable understand how recent actions like new transmission rule impact financial security nation’s security.”

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Press: (202) 226-4972

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