The Federal Energy Regulatory Commission (FERC) today rejected a bid by PJM transmission owners to retain their rights of first refusal (ROFR) over transmission reliability projects while approving the owners’ proposed “hybrid” cost allocation for new high-voltage lines.

By Rich Heidorn Jr. WASHINGTON, DC (Feb. 21, 2013) — Duke Energy may be the biggest utility in the U.S., but the Federal Energy Regulatory Commission says i...