Transmission Cos. Overcharging By $327M A Year, FERC Told

Law360, New York (November 13, 2013, 6:07 PM EST) -- Transmission companies within Midcontinent Independent System Operator Inc. are unreasonably enriching their investors to the tune of $327 million a year, and the Federal Energy Regulatory Commission should reduce the rate of investor returns it previously approved, a coalition of business consumers said Tuesday.

In a complaint filed with the commission, groups representing industrial and commercial consumers said the so-called return on equity, or ROE, rates of 12.38 percent and 12.2 percent used by transmission companies within MISO — rates approved by FERC in 2004 —...
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