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Update on Transmission Return on Equity

In FERC dockets ER14-12 and ER15-45, many TOs are attempting to join the MISO ROE cases via late intervention and providing comments to FERC that FERC’s new base ROE methodology does not produce a just and reasonable rate and an adequate base ROE.  EEI and WIRES have also requested late intervention and provided comments opposing both the new ROE approach and FERC determining its ROE policy in a case that involves only the MISO TOs and not in a its generic investigation on ROE (PL19-4).  Customers groups have requested rehearing, opposing FERC’s not requiring a refund for the second complaint refund period.  The MISO TOs have requested rehearing on the overall approach and on FERC requiring the rate to be effective back to FERC’s initial decision on the first complaint – they say the recent decision can only be effective prospectively.  The Consumer Groups that filed the cases are opposing intervention and asking for 30 days to respond if FERC grants late intervention.  Transmission ROEs remain a very fluid situation.      

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