Type to search

Environment News Technology

FERC urged to expedite review of transmission line costs

Share

(AP) — The governors of Maryland and Delaware are urging the Federal Regulatory Commission to expedite its review of the $278 million Artificial Island transmission line project.

Govs. Larry Hogan and John Carney urged FERC on Tuesday to consider alternative cost methodologies presented in June by PJM’s Board of Managers. Under those, Delmarva ratepayers would pay about 7 to 10 percent of the project cost.

Under a current financing proposal, residential and commercial electric ratepayers on Delmarva would pay more than 90 percent of the cost through higher electric bills, while receiving few of the project’s direct benefits.

Hogan, of Maryland, says Maryland will continue to stand with Delaware to protect residents from disproportionately paying hundreds of millions of dollars in rate increases.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.

Tags:

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Limited time offer. New subscribers only.

Flash Sale! Subscribe to Delaware Business Times and save 50%.

Limited time offer. New subscribers only.