FERC Stands by Transmission Project Cost Recovery Assurance Plan

The Federal Energy Regulatory Commission defended its decision to grant an incentive intended to assure utilities that they can recover all of their costs for a project if it’s abandoned or canceled.

The Industrial Energy Consumers of America—and other consumers of electric transmission and power services—challenged FERC’s approval of ITC Midwest LLC’s incentive request for the Iowa portion of the Midcontinent Independent System Operator electric transmission project.

The petitioners, in their March brief, argued the relevant FERC orders aren’t consistent with the commission’s obligation to protect customers from excessive rates and charges and should be vacated.

New transmission ...