FERC Approves $80M Settlement For Failed Interstate Project

Law360, New York (February 20, 2014, 6:29 PM EST) -- The Federal Energy Regulatory Commission greenlighted a settlement Tuesday between two Pepco Holdings Inc. utilities and the public utility boards in New Jersey, Maryland and Delaware, allowing the PHI units to recover $80.5 million in costs from a failed interstate transmission line project.

Under the terms of the settlement with the New Jersey Board of Public Utilities, Delaware Public Service Commission and Maryland Public Service Commission, PHI units Potomac Electric Power Co. and Delmarva Power & Light Co. can collect roughly $25.8 million a year over...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.