New England transmission owners are asking FERC for a higher ROE, reigniting a yearslong saga. (Utility Dive)
For context: Eversource, Avangrid, and other NE transmission owners want their base ROE bumped to 11.39%. Ratepayer advocates and state leaders are already lining up against it.
In March, FERC retroactively cut the region’s base ROE to 9.57%...a decision following 15 years of litigation. The agency put the region’s utilities on the hook for an estimated $1.5B in customer refunds (due May 2027).
The transmission owners say FERC’s lower figure reflects stale market conditions from 2012-13—not today’s environment that demands sustained transmission investment.