Lyons, Nebraska – On May 21st, the Center for Rural Affairs will release a technical report that examines landowner compensation in transmission siting for renewable energy facilities. The report evaluates the potential application of a new concept in landowner compensation, the Special Purpose Development Corporation (SPDC), alongside consideration of current procedures used in the context of siting electrical transmission lines.
A full copy of the report can be viewed or downloaded at: http://files.cfra.org/pdf/landowner-compensation-052014.pdf
The report will remain available online throughout the embargo
and after the embargo is lifted at 6:00 a.m. CDT on May 21, 2014
“The SPDC concept has real potential to provide a better deal for farmers, ranchers and other rural landowners,” explained Rosalie Winn, Energy Fellow with the Center for Rural Affairs and author of the report. “By helping create a common interest in transmission development through market-based compensation and an emphasis on stakeholder participation, this new compensation concept helps farmers and ranchers become full participants, true partners, with developers in renewable energy transmission projects.”
According to Winn, the SPDC framework achieves the same development goal as traditional eminent domain while avoiding several significant concerns associated with a dependence on ‘fair market value’ as the sole basis for landowner compensation.
Winn’s report demonstrates that the application of the SPDC tool has its own set of challenges – a unique set of questions regarding formation, ownership, governance and transaction costs that must be addressed. However, resolving these issues, and others that may arise, represent the first steps toward arriving at outcomes that satisfy both developer and landowner, both project participants to meet the growing demand for renewable energy both now and in the future.
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