ITC's Welch says cost allocation legislation could block new construction

As the discussion on transmission cost allocation heats up in Washington, what are the impacts of legislation that would curb the Federal Energy Regulatory Commission's reach? During today's OnPoint, Joseph Welch, president and CEO of ITC, the largest independent electricity transmission company in the United States, explains how legislation recently introduced in the Senate would affect independent operators. He also discusses why he believes the legislation could block new transmission construction.