TrAILCo gets half a pat on the head for asking FERC what the heck that order of May 13th was all about, however they still didn't tell FERC that they got too much change back, and Exelon was probably going to say something if they didn't, so it's not actually due to any stellar behavior on TrAILCo's part.
Remember FERC's screwy order on the TrAILCo abandonment that told TrAILCo that Prexy wasn't abandoned but just an "engineering" change and that TrAILCo should just recover the cost of this failed project segment with the rest of TrAILCO's cost, plus 12.7% ROE over the useful life of the project? Remember, that's 12.7% return every year from now to eternity. What a great reward for Allegheny Energy's incompetence, greed and bad behavior during TrAIL's development and permitting!
If you've been following this one, TrAILCo has now filed a Request for Clarification or Rehearing. They (and Exelon) want to know who's going to be paying for the $13M cost of this failed project. Will it be Allegheny/FirstEnergy customers, or will it be all customers in PJM as instructed by FERC?
Or will FERC wake up and realize they made a mistake with that whole order?
Remember FERC's screwy order on the TrAILCo abandonment that told TrAILCo that Prexy wasn't abandoned but just an "engineering" change and that TrAILCo should just recover the cost of this failed project segment with the rest of TrAILCO's cost, plus 12.7% ROE over the useful life of the project? Remember, that's 12.7% return every year from now to eternity. What a great reward for Allegheny Energy's incompetence, greed and bad behavior during TrAIL's development and permitting!
If you've been following this one, TrAILCo has now filed a Request for Clarification or Rehearing. They (and Exelon) want to know who's going to be paying for the $13M cost of this failed project. Will it be Allegheny/FirstEnergy customers, or will it be all customers in PJM as instructed by FERC?
Or will FERC wake up and realize they made a mistake with that whole order?
RSS Feed