Utility Dive•3 months ago
Eversource, Avangrid ask FERC to stay $1.5B refund decision
- •Eversource and Avangrid are seeking a FERC stay on a $1.5 billion refund decision related to their return on equity.
- •This action introduces significant uncertainty for large power consumers regarding future electricity rates and potential 'rate whiplash.'
- •The dispute highlights FERC's ongoing role in setting utility financial parameters and the potential for regulatory decisions to impact utility cash flow and consumer costs.
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