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Expert Analysis

FERC Must Rethink Rate Policy After DC Circ. Ruling

By Joseph Lowell and Arjun Ramadevanahalli, Morgan Lewis & Bockius LLP (May 1, 2017, 11:54 AM EDT) -- On April 14, the U.S. Court of Appeals for the D.C. Circuit issued its opinion in Emera Maine v. FERC, vacating and remanding FERC's Opinion No. 531, in which FERC established a just and reasonable rate of return on equity (ROE) for transmission-owning utilities in New England (NETOs) and adopted a new methodology for determining the ROE for FERC-jurisdictional electric utilities....

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