Energy Business
Thu, May 28
Molly Glick
Molly Glick
Energy Central Team
·Posted in Energy Business

NEWS: The New England saga over transmission-owner profits continues.

  • The latest: All six New England governors are asking FERC to reject a proposal from regional TOs, who asked to bump their ROE from 9.57% to 11.39%. This request came weeks after FERC directed these TOs to lower their ROE…and issue >$1B in customer refunds. 

  • The big picture: New England’s transmission rates are over 2x the average in other organized markets, and states have rallied for years to shrink them. 

  • Interesting timing: Amid all the drama, New England TOs are floating repair projects that would cost over $600M. 

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