We meant to mention this last week, but forgot to call to your attention something interesting and potentially important regarding transmission policy. The Energy and Environment Subcommittee of the House Energy and Commerce Committee held a hearing June 12th on the transmission section of the American Clean Energy and Security Act (ACES). At the end of the hearing (and almost as an afterthought), Subcommittee Chairman Ed Markey challenged FERC Chairman Jon Wellinghoff to build a consensus and come up with some sort of draft legislation to address transmission issues that are not currently addressed in the House bill. Seeing that the House bill remains largely silent on many significant and divisive transmission issues, this would be quite a big step. But Chairman Wellinghoff knows the issues and has emphasized his commitment to expansion of the transmission grid. Will Wellinghoff take Markey up on his challenge? If so, how will FERC address all the various issues relating to siting, planning and cost allocation in a FERC proposal? Our sources say FERC is in fact working on some sort of consensus proposal, but nothing has been released. Will a FERC proposal have any play during floor debate? There are certainly Members of Congress, like Rep. Jay Inslee, who have expressed interest in expanding the transmission section in the House bill and will likely make a play at an amendment on the House floor. The fate of the limited approach to transmission siting and planning put forward in the ACES legislation remains to be seen, but with signals coming from both FERC and some Members of Congress that additional transmission language is needed, one thing is certain -- this issue is far from over.