Transmission Rate Decision Favorable to Customers
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.