FirstEnergy, Duke Can Exit Regional Operator For $3.6M

Law360, New York (August 23, 2012, 9:23 PM EDT) -- The Federal Energy Regulatory Commission on Wednesday approved a pair of settlements allowing FirstEnergy Service Co. and Duke Energy Corp. units to leave their regional transmission organization for a combined $3.6 million.

In a short order, FERC approved proposals by American Transmission System Inc. — FirstEnergy’s electric transmission affiliate — and Duke’s Ohio and Kentucky companies to exit the Midwest Independent Transmission System Operator for a fee of $1.8 million each.

The companies filed settlements last year seeking to leave MISO and move into PJM Interconnection,...
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