Dive Summary:
- A judge with the Federal Energy Regulatory Commission (FERC) ruled that earnings on transmission lines in Connecticut and New England are exorbitant, unjust and unreasonable.
- Judge Michael Cianci Jr. decided on August 6 that ISO New England, the region’s independent system operator, must adjust its current base return on equity (ROE) to 9.7% down from 11.14%.
- While FERC’s decision will save money for customers charged for the delivery of high-voltage electricity, investor-owned utilities say lowering ROE will hamper large transmission projects needed to support renewable energy and grid reliability.
From the article:
“Cianci's findings now head to the full commission for review and action.”