Just got this FERC order. I'll admit I haven't read the entire thing or studied it much yet, but it looks significant when I jump around and cut to the chase.
The Commission orders:
(A) The Settlement Agreement is hereby approved, as discussed in the body of this order.
(B) Rehearing and/or clarification of the February 29 Order is hereby granted, in part, and denied, in part, as discussed in the body of this order.
(E) Pursuant to the authority contained in and subject to the jurisdiction conferred upon the Federal Energy Regulatory Commission by section 402(a) of the Department of Energy Organization Act and by the Federal Power Act, particularly sections 205 and 206 thereof, and pursuant to the Commission’s Rules of Practice and Procedure and the regulations under the Federal Power Act (18 C.F.R. Chapter I), a public hearing shall be held concerning PATH’s proposed base ROE. However, the hearing shall be held in abeyance to provide time for settlement judge procedures, as discussed in Paragraphs (F) and (G) below.
If you find this stuff boring, cut to the chase yourself by reading the end of the document first. Looks like PATH's sweet deal, predatory ROE is about to be sliced by FERC's axe. Ouch, direct hit right to PATH's weak spot, it's wallet!
And speaking of public hearings... "the public" -- that's us! Here's a new democratic process to get involved in, now that the BZA decision has been made. When PATH gets on a losing streak, they do a great job! Congratulations, PATH, good luck in that great "business plans that have failed" graveyard!
Link to FERC News Release
The Commission orders:
(A) The Settlement Agreement is hereby approved, as discussed in the body of this order.
(B) Rehearing and/or clarification of the February 29 Order is hereby granted, in part, and denied, in part, as discussed in the body of this order.
(E) Pursuant to the authority contained in and subject to the jurisdiction conferred upon the Federal Energy Regulatory Commission by section 402(a) of the Department of Energy Organization Act and by the Federal Power Act, particularly sections 205 and 206 thereof, and pursuant to the Commission’s Rules of Practice and Procedure and the regulations under the Federal Power Act (18 C.F.R. Chapter I), a public hearing shall be held concerning PATH’s proposed base ROE. However, the hearing shall be held in abeyance to provide time for settlement judge procedures, as discussed in Paragraphs (F) and (G) below.
If you find this stuff boring, cut to the chase yourself by reading the end of the document first. Looks like PATH's sweet deal, predatory ROE is about to be sliced by FERC's axe. Ouch, direct hit right to PATH's weak spot, it's wallet!
And speaking of public hearings... "the public" -- that's us! Here's a new democratic process to get involved in, now that the BZA decision has been made. When PATH gets on a losing streak, they do a great job! Congratulations, PATH, good luck in that great "business plans that have failed" graveyard!
Link to FERC News Release
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