Con Ed, NYC Protest $629M Bill For Upgrades

Law360, New York (February 11, 2014, 6:30 PM EST) -- Consolidated Edison Co. of New York Inc. and the city of New York filed protests Monday in a Federal Energy Regulatory Commission proceeding against a PJM Interconnection LLC cost plan requiring Con Edison to foot a $629 million bill for a $1.18 billion electricity transmission system upgrade in New Jersey.

PJM, a regional transmission organization that coordinates electricity transmission, filed a cost allocation plan with FERC on Jan. 10 as part of the a broad regional transmission expansion plan, or RTEP. The cost allocation unfairly requires...
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