Binding cost containment commitments, such as those found in Selected Developer Agreements, should be applied to all regional transmission projects, including Long Range Transmission Planning (LRTP) projects in Tranche 2.1 and beyond.
Binding cost containment and savings measured are not applied to most of the MTEP24 projects. In the absence of these commitments, consumers will likely be responsible for billions of dollars in excess costs, especially when customers are paying for multiple Multi-Value Project (MVP) portfolios starting in 2028-2032. Challenging the prudency of any costs incurred after project approval under the existing regulatory regime is not a viable solution and does not address the need for upfront cost containment prior to project assignment.