Northern Indiana Public Service Co. (NIPSCO)
NiSource lost money last quarter as the company continues to face costs stemming from a string of gas pipeline explosions in three Massachusetts cities.
MISO is circulating a cost allocation plan that would lower voltage thresholds but raise cost minimums on economically beneficial transmission projects.
MISO will still pursue major aspects of a transmission proposal that FERC rejected, but is debating keeping its proposed local economic project type.
NiSource reported second-quarter earnings of $23.2 million, compared to a net loss of $44.4 million for the same period a year ago.
FERC identified 13 additional transmission owners it said should change accounting practices that could inflate rates by underestimating tax credits.
NiSource is seeking rate hikes across multiple states to cover hefty infrastructure investments after a 13% increase in Q1 2018 earnings.
FERC ordered 48 electric utilities to revise their transmission rates to reflect the recently enacted Tax Cuts and Jobs Act.
NiSource lost $52.4 million during Q4 due to one-time charges related to recent federal tax cuts, but the company focused on its adjusted earnings and growing customer base.
MISO and PJM have withdrawn their support for developing the lone efficiency project to emerge from the RTOs’ two-year coordinated system plan.
Seven of the eight stakeholder-originated project proposals evaluated by MISO and PJM are not expected to pass the RTOs’ benefit threshold.
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