Here is PATH's 2010 true-up of their actual revenue requirement vs. the projected revenue requirement that they collected from PJM ratepayers last year. For the third time in as many years, PATH has collected lots more than they actually spent, to the tune of millions. They owe us a refund, which will be wrapped into the rates we pay in 2012. We won't see a credit on our bills, or a check in the mail, in exchange for floating PATH another loan at a paltry interest rate. We just get to pay a little bit less two years down the road.
If you want to get in on the PATH companies' financial fun this year, this document is your starting point. If you need help or an interpreter, just ask.
Still no word on the Annual Update Open Meeting. *tick, tock*