FERC Slashes Transmission Owner Returns, Potential $900M Refunds
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Federal regulators have reduced the return on equity for New England electric transmission owners, potentially unlocking $900 million in refunds for ratepayers. This decision, made after a decade-long challenge by Massachusetts attorneys general, could save over $100 million annually for 7.2 million customers. However, Eversource Energy, the regions largest utility, is appealing the decision, warning of potential stock dilution and reduced earnings.
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