Utility Dive•3 months ago
Public Citizen challenges cost recovery for $546M PSE&G transmission project
- •Public Citizen is challenging PSE&G's cost recovery for a $546M transmission project, citing a $6.6M FERC settlement as evidence of "imprudent" costs.
- •This indicates heightened regulatory scrutiny from FERC on transmission project cost recovery, signaling increased financial risk for utilities and potentially impacting future rate bases for large consumers.
- •For developers, this implies greater uncertainty in the cost and approval of transmission infrastructure vital for new generation interconnection, potentially affecting project viability and timelines.
policy