The title document was released in December of 2024. Unlike with most of my posts, I will attempt to squeeze a reasonable summary of the title document in a single maximum-length post. Fortunately, NERC has facilitated this with an excellent summary.
In the 2024 LTRA, NERC finds that most of the North American Bulk Power System (BPS) faces mounting resource adequacy challenges over the next 10 years as surging demand growth continues and thermal generators announce plans for retirement. New solar PV, battery, and hybrid resources continue to flood interconnection queues, but completion rates are lagging behind the need for new generation. Furthermore, the performance of these replacement resources is more variable and weather-dependent than the generators they are replacing. As a result, less overall capacity (dispatchable capacity in particular) is being added to the system than what was projected and needed to meet future demand…