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December 26, 2024

ITC Holdings Corp.

FERC Cuts MISO Transmission Owners’ ROE to 10.32%
FERC ordered a pay cut for MISO transmission owners, reducing their ROE to 10.32% from 12.38%.
MISO not Allowed to Allocate Lake Erie PARs Costs to PJM and NYISO
FERC ruled against a proposal by MISO and ITC Holdings that would have allocated the costs of phase angle regulating transformers to PJM and NYISO.
IPL, MidAmerican: MISO Misallocating Upgrade Costs in GIA
Interstate Power joined MidAmerican Energy in protesting the GIA that MISO filed for the Marshalltown Generating Station in Iowa.
FERC to Revisit Transmission Policies
FERC rejected ITC's request that it bar transmission rate reductions in Order 1000 competitive solicitations, instead scheduling a technical conference.
FERC Does 180 on Local Tx Cost Allocation in PJM
Reversing a prior decision, FERC ruled that PJM transmission owners should pay all of the cost of projects that solely address a TO’s local planning criteria.
Fortis to Acquire ITC Holdings for $11.3B
ITC Holdings, the largest independent transmission operator in the U.S., agreed to be acquired by Canadian utility operator Fortis in a deal valued at $11.3 billion, the companies announced.
Latest Z2 Credit Project Delay Renews Old Frustrations
Member frustrations with SPP's Z2 crediting project bubbled to the surface again when staff told them of a new delay.
ITC Accused of Overcharges in Depreciation Dispute
Iowa officials told FERC that ITC Midwest is overcharging its customers for network upgrades because it isn’t applying for tax breaks to which it is entitled.
MISO’s Latest Order 1000 Revisions under Stakeholder Scrutiny
MISO's latest Order 1000 compliance filing revises the developer selection process and outlines a pro forma selected developer agreement.
Tx Developers Challenge PJM Choice on Pratts Project
Two competing transmission developers are challenging selection of Dominion and FirstEnergy by PJM to resolve reliability problems near Pratts, Va.

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