DC Circ. Upholds FERC's New England Incentive Plan

Law360, New York (February 1, 2010, 3:07 PM EST) -- A federal appeals court has upheld a 1 percent equity return incentive imposed by the Federal Energy Regulatory Commission on certain energy projects in New England, rejecting claims from public utilities that say the move will cost consumers money without necessarily improving efficiency.

In an opinion passed down Friday, the U.S. Court of Appeals for the District of Columbia Circuit said FERC adequately showed that the consumer would ultimately save money, as transmission owners complete their work faster in order to qualify for the time-barred bonus,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.