Eighteen million six hundred thirty three thousand one hundred twenty four ratepayer bucks

Eighteen million six hundred thirty three thousand one hundred twenty four ratepayer bucks in the till...

Eighteen million six hundred thirty three thousand one hundred twenty four ratepayer bucks...

Take one out, refund to ratepayers, eighteen million six hundred thirty three thousand one hundred twenty three ratepayer bucks in the till.

Eighteen million six hundred thirty three thousand one hundred twenty three ratepayer bucks in the till...

Eighteen million six hundred thirty three thousand one hundred twenty three ratepayer bucks...

Take one out, refund to the ratepayers, eighteen million six hundred thirty three thousand one hundred twenty two ratepayer bucks in the till.

PATH made its compliance filing yesterday, as ordered by the Federal Energy Regulatory Commission on January 19th.  FERC ordered the company to recalculate the rates it has collected from electric ratepayers since 2008 to correct errors it made and refund amounts collected in error.

Here's the money quote.  Literally.

For Rate Year 2008 through Rate Year 2015, PATH has calculated that refunds, with interest, will amount to $18,633,124.

The refund includes errors PATH made in the recording of public relations expenditures, advertising, lobbying, and other expenditures for the purposes of influencing public officials, such as recruiting support for the project at public hearings and signatures on petitions supporting the project.  It also includes errors on the effective date of recovery of abandoned plant, and errors in calculating depreciation of assets.  The refund includes interest on amounts collected in error, and adjustments to the company's return on equity due to the adjustment of capital account amounts.

Do you think PATH managed to correct its errors without making further errors in its corrections?

Eighteen million six hundred thirty three thousand one hundred twenty two ratepayer bucks in the till...

Eighteen million six hundred thirty three thousand one hundred twenty two ratepayer bucks...

Take one out, refund to ratepayers, eighteen million six hundred thirty three thousand one hundred twenty one ratepayer bucks in the till.

Eighteen million six hundred thirty three thousand one hundred twenty one ratepayer bucks in the till...

Eighteen million six hundred thirty three thousand one hundred twenty one ratepayer bucks...

Take one out, refund to ratepayers, eighteen million six hundred thirty three thousand one hundred twenty  ratepayer bucks in the till.

Eighteen million six hundred thirty three thousand one hundred twenty ratepayer bucks in the till...

Eighteen million six hundred thirty three thousand one hundred twenty ratepayer bucks...

Take one out, refund to ratepayers, eighteen million six hundred thirty three thousand one hundred nineteen ratepayer bucks in the till.

Eighteen million six hundred thirty three thousand one hundred nineteen ratepayer bucks in the till...

Eighteen million six hundred thirty three thousand one hundred nineteen ratepayer bucks...

Take one out, refund to ratepayers, eighteen million six hundred thirty three thousand one hundred eighteen ratepayer bucks in the till.