FERC approved a settlement agreement granting five municipalities belonging to Missouri River Energy Services a 9.6% base return on equity.

A FERC ALJ set the return on equity for transmission projects in New England lower than what transmission owners sought.

Five small, rural utilities have won the right to continue their fight against 24 of MISO’s large transmission-owning members, whom the utilities contend are earning too much.

FERC said single-step discounted cash flow (DCF) analyses that it formerly used are adequate to support rate complaints made before it changed the rules.