Timeline established for dispute over New England base ROE rate

The parties involved in the rehearing on New England’s base return on equity (ROE) rate agreed to a timeline for settlement negotiations (EL11-66). 

The parties met during a closed-door conference on May 17. Judge Judith Dowd has been appointed settlement judge, as reported by TransmissionHub

According to the timeline, the participants will circulate their answers to FERC Trial Staff’s (Staff) questions on June 7. 

On June 14, Staff will circulate their estimate of the ROE, along with the criteria relied upon.

On June 29, the complainants, including Massachusetts Attorney General Martha Coakley, who led the complaint, will circulate an offer, and on July 27, the respondents, including New England transmission owners, will circulate a counteroffer.

FERC will convene another settlement conference on Aug. 1.

Coakley and complainants on Sept. 30 filed a complaint with FERC seeking an order to reduce the base ROE used in calculating formula rates for transmission service under ISO-New England’s open access transmission tariff from 11.14% to a “just and reasonable” rate of 9.2%.

About Rosy Lum 525 Articles
Rosy Lum, Analyst for TransmissionHub, has been covering the U.S. energy industry since 2007. She began her career in energy journalism at SNL Financial, for which she established a New York news desk. She covered topics ranging from energy finance and renewable policies and incentives, to master limited partnerships and ETFs. Thereafter, she honed her energy and utility focus at the Financial Times' dealReporter, where she covered and broke oil and gas and utility mergers and acquisitions.