Despite PJM's lingering uncertainty about the PATH Project, it's deader than dead at FirstEnergy. In today's Q4 2011 Earnings Call shindig in New York (which YOU get to pay for in your electric bill), there was no mention of PATH in any discussion of their transmission plans.
In fact, FE seems to have lost their taste for big joint venture projects like PATH entirely: "...one thing I don't see in our future is investing in large scale transmission projects outside of our utility footprint. We plan to stay close to home, make investments that have high certainty of completion and transparency as far as financial returns."
It's probably a good thing, considering:
"The skill sets acquired from Allegheny on transmission siting and construction will also be invaluable going forward as future projects are completed."
Well, based on Allegheny's "skill sets" utilized in trying to site the PATH Project, good luck with that, FE! It's just too bad about any future transmission projects you may undertake with those morons "applying best practices." They got thoroughly trounced by a tri-state coalition of ordinary citizens. They're just not the brightest bulbs in the string...
FirstEnergy doesn't even seem to understand why Allegheny was interested in the PATH Project in the first place:
"We aren't sure on the reasons for investing in Transmission either."
It was all about the money, boys!
If you want to download the slides, you can find them here.
In fact, FE seems to have lost their taste for big joint venture projects like PATH entirely: "...one thing I don't see in our future is investing in large scale transmission projects outside of our utility footprint. We plan to stay close to home, make investments that have high certainty of completion and transparency as far as financial returns."
It's probably a good thing, considering:
"The skill sets acquired from Allegheny on transmission siting and construction will also be invaluable going forward as future projects are completed."
Well, based on Allegheny's "skill sets" utilized in trying to site the PATH Project, good luck with that, FE! It's just too bad about any future transmission projects you may undertake with those morons "applying best practices." They got thoroughly trounced by a tri-state coalition of ordinary citizens. They're just not the brightest bulbs in the string...
FirstEnergy doesn't even seem to understand why Allegheny was interested in the PATH Project in the first place:
"We aren't sure on the reasons for investing in Transmission either."
It was all about the money, boys!
If you want to download the slides, you can find them here.
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