FERC rescinds decision to shorten comment period in Pioneer, NIPSCO settlement

FERC on Aug. 22 rescinded its previous notice accepting Pioneer Transmission‘s request for a shortened comment period in the company’s dispute over the Pioneer project with Northern Indiana Public Service Company (NIPSCO).

According to the commission, its Aug, 21 shortening comment period notice “was issued in error and is hereby rescinded.”

Under the terms of the settlement agreement, NIPSCO and Pioneer agreed that they will jointly develop the Pioneer facilities, including the construction of a 65-mile transmission line originating at Duke Energy’s (NYSE:DUK) existing Greentown 765-kV substation near Kokomo, Ind., and traversing west to NIPSCO’s Reynolds substation near Reynolds, Ind., as well as the construction of certain upgrades at the Greentown and Reynolds substations, either at or near the Reynolds substation’s present location.

Pioneer is a joint venture between American Electric Power (NYSE:AEP) and Duke Energy.

NIPSCO is a subsidiary of NiSource (NYSE:NI).

 

This article was amended at 3:48 on Aug. 23 to reflect that NIPSCO is a subsidiary of NiSource.