Con Ed-PSEG wheel
PJM is using a three-pronged approach to prepare for next year’s termination of the Con Ed-PSEG wheel.
Con Ed will stop using the “PSEG wheel” next April, following through on a promise it made late last year in a dispute with PJM.
A transmission developer asked PJM to determine if four projects in the PSE&G territory are still necessary if Con Edison makes good on its threat to terminate the “PSEG wheel” to route power into New York City.
FERC ruled that PJM's cost allocations for the Artificial Island and PSE&G transmission projects may not be just and reasonable, ordering a technical conference.
Con Ed said it may end its use of the wheel when its current term expires on April 30, 2017.
FERC again rejected Con Ed's request that it force PJM to recalculate the cost allocation for two transmission upgrades in northern New Jersey.
Con Ed of New York filed a complaint with FERC stating its opposition to a cost allocation formula that PJM has devised for two transmission upgrades.
FERC rejected Consolidated Edison's attempt to avoid paying for a major transmission upgrade in northern New Jersey but suggested it might order PJM to recalculate the company’s bill.
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