return on equity (ROE)
FERC nixed Niagara Mohawk Power’s proposed cost allocation and recovery for its share in the Smart Path Connect transmission project in upstate New York.
FERC conditionally accepted Rockland's proposed return on equity and transmission revenue requirement, subjecting both to further hearing.
FERC rebuffed a request by PG&E for a 13% return on equity based on its financial risks from wildfires and the state's aggressive decarbonization efforts.
MISO has made another attempt to coax more time from FERC so it can calculate refunds to transmission customers relating to the commission’s return on equity.
PJM transmission owners provided no evidence that they are having difficulty raising capital but insisted the law was on their side in their bid to rate-base network upgrades.
Advocates of grid-enhancing technologies said “shared savings” is needed to persuade utilities to adopt low-cost investments to free up crucial transmission.
FERC directed PJM’s transmission owners to provide evidence that they are being squeezed financially by their inability to earn a return on network upgrades.
Fletcher6, CC BY-SA-3.0, via Wikimedia
FERC set a base return on equity of 9.33% on the Mystic Generating Station’s reliability-must-run contract, using methodology it introduced last year.
MISO and transmission owners said they need nine more months to issue refunds stemming from FERC's 2020 change to ROE in transmission rates.
Transmission owners told FERC that limiting the RTO participation adder would reduce grid investments while ratepayers called the proposal long overdue.
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