Our friends at Sugarloaf Conservancy met with Rep. Roscoe Bartlett on Friday to request a town hall meeting in Urbana with Federal Energy Regulatory Commission representatives to answer our questions about the PATH project.
While PATH went on record at the Virginia SCC hearing last week presenting evidence that PJM has determined that the need for the PATH project has slipped out past their 15 year planning horizon, they have also informed FERC that they intend to continue to utilize their Formula Rate to collect "costs necessary to maintain the project in its current state" for an indefinite period of time. I would like to think that this is not the outcome FERC intended when they granted PATH's incentives in 2008 and that FERC will be responsive to both PATH's arrogant "Status Update" of March 7, and the concerns of ratepayers forced to fund this unending gravy train for a project that PJM no longer supports.
See Sugarloaf's press release. More information to come...
While PATH went on record at the Virginia SCC hearing last week presenting evidence that PJM has determined that the need for the PATH project has slipped out past their 15 year planning horizon, they have also informed FERC that they intend to continue to utilize their Formula Rate to collect "costs necessary to maintain the project in its current state" for an indefinite period of time. I would like to think that this is not the outcome FERC intended when they granted PATH's incentives in 2008 and that FERC will be responsive to both PATH's arrogant "Status Update" of March 7, and the concerns of ratepayers forced to fund this unending gravy train for a project that PJM no longer supports.
See Sugarloaf's press release. More information to come...
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