FERC approved including additional expense accounts in New York Transco’s new company-wide formula rate over the protests of the Public Service Commission and New York City.

Participants at the National Association of Regulatory Utility Commissioners’ Winter Policy Summit emphasized the need for additional investment in the grid.

MISO transmission owners have again taken arguments against FERC’s most recent return on equity decision to the D.C. Circuit Court of Appeals.

FERC continues to fiddle with the return on equity MISO transmission owners can earn, this time setting the base amount at 9.98% while once again eradicating the risk premium model from the calculation.

FERC accepted SPP’s proposed tariff revisions modifying Central Power Electric Cooperative’s formula rate template but suspended them for a nominal period subject to refund and established hearing and settlement procedures.

The New York Public Service Commission requested a rehearing of FERC’s December order granting a 50-basis-point RTO participation adder for the Propel NY Energy transmission project.

FERC approved revised rate schedules for two American Electric Power affiliates in Ohio to remove their RTO participation adders.

Companion bills backed by Gov. Glenn Youngkin that change utility regulation in Virginia easily cleared both chambers of the state legislature.