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Summary of FERC's Transmission Incentives NOI Comments

3/5/2012

2 Comments

 
Nudge, nudge, FERC.  Some people are getting impatient that you seem to have clammed up about transmission incentives after being deluged with comments from states, environmental and consumer groups, and angry citizens.

Spiegel & McDiarmid submitted a letter today on behalf of numerous organizations and states summarizing the general gist of the comments, in case FERC is having trouble sorting them out.

It makes perfect sense.  But it doesn't make a bunch of unearned profit for transmission owners.  Cue the whining... the IOUs should be responding in... 3, 2, 1...

It could have been better if they hadn't started out spelling two out of four Commissioners' names wrong.  And, that word "incentive" is such a toughie!  It isn't a verb.  Even grammar experts can't agree on how to turn it into an action word.  However, once you've picked one of the bastardized verb versions, please stick with it throughout the document.  I'm glad this isn't an English 101 test.

But, hey, something amazing happened with this letter... WV's Consumer Advocate finally weighed in on the matter of FERC's transmission incentives!  If he'd gotten involved sooner maybe they would have found out that there's already plenty of transparency between costs and reward in a formula rate.  It's that line item called "Return."  It's not that hard, Byron.
2 Comments
JustMe
3/12/2012 01:48:09 pm

Sniff Sniff...its that 2+2=4 I smell wafting in the wind? Aah, the great existential rhetorical equations of the 20th century. Alas, the energy "brains" couldn't ponder their way out of a paper bag though.

Reply
Keryn
3/13/2012 06:49:31 am

I think you're smelling worms. In a can.

Reply



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    About the Author

    Keryn Newman blogs here at StopPATH WV about energy issues, transmission policy, misguided regulation, our greedy energy companies and their corporate spin.
    In 2008, AEP & Allegheny Energy's PATH joint venture used their transmission line routing etch-a-sketch to draw a 765kV line across the street from her house. Oooops! And the rest is history.

    About
    StopPATH Blog

    StopPATH Blog began as a forum for information and opinion about the PATH transmission project.  The PATH project was abandoned in 2012, however, this blog was not.

    StopPATH Blog continues to bring you energy policy news and opinion from a consumer's point of view.  If it's sometimes snarky and oftentimes irreverent, just remember that the truth isn't pretty.  People come here because they want the truth, instead of the usual dreadful lies this industry continues to tell itself.  If you keep reading, I'll keep writing.


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