Reality sets in -- PATH is going to lose that absurd 14.3% ROE and has begun to bend over in preparation.
On January 31, PATH will file a settlement proposal with a new rate of return on equity. It won't be 14.3%.
"Counter-offers" will be proposed by the other parties to the case. This is where WV's CAD, Byron Harris, will stick up for us, right? Not unless you force him to.
How many of you have ever said, "If we could only do something about that 14.3%, Allegheny Energy & AEP's devotion to this foolish project would evaporate"? Here's your opportunity. Go.