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Transmission Rate Decision Favorable to Customers

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electricity

A federal administrative law judge, in a preliminary decision has agreed with  Connecticut and officials in other New England states that the earnings paid to electric  transmission owners  are too high.

The current rate is  11 percent and  if the Federal Energy Regulatory Commission concurs,the rate would be  cut to 9.7 percent.

Connecticut Attorney General  George Jepsen  says this  is a step in the right direction for consumers.

Jepsen says  Connecticut customers could save  30 to 40 million dollars annually,But, the savings per customer would be small,12 to 15  dollars  a year.

The states have asked FERC   to extend  the deadline for filing briefs in the case  to October 24.

Once the  briefs are filed there is no deadline  governing  when the commission  must issue a decision.

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