FERC approved a new formula rate for Midcontinent Grid Solutions—the transmission JV from AEP, Evergy, and Berkshire Hathaway Energy—but not without some pushback. (Utility Dive)
The commission allowed MGS Iowa to use a 60% equity/40% debt capital structure for upcoming projects, saying it helps nonincumbent developers compete in MISO’s transmission buildouts.
Yes, but: FERC Commissioner Judy Chang dissented, warning the equity-heavy structure could inflate costs for customers. Commissioner Lindsay See reluctantly backed approval for the sake of regulatory stability, while signaling she’s open to reexamine transmission incentives down the road.