Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, September 14
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Duke, Exelon, others urge FERC to toss ‘show cause’ order on utility self-funding interconnection upgrades
    Utilities

    Duke, Exelon, others urge FERC to toss ‘show cause’ order on utility self-funding interconnection upgrades

    July 17, 20243 Mins Read


    Dive Brief:

    • A Federal Energy Regulatory Commission “show cause” order that proposes to eliminate a transmission owner’s right to pay for and earn a profit on network upgrades for interconnecting power projects is based on unconstitutional premises and should be withdrawn, according to Duke Energy, Exelon, Xcel Energy and three other utility companies.

    • The proposal in the show cause order FERC issued in June would lack clear Congressional authorization on an issue of major national significance, in violation of the major questions doctrine, the utility companies said in a Monday filing at FERC.

    • “The show cause order proposes to take the historic step of mandating that electric utilities across much of the United States construct, own, and operate an entire class of interstate grid facilities with no opportunity to earn a return on those facilities,” the utility companies said.

    Dive Insight:

    In its show cause order, FERC said grid operator rules for “initial funding” may increase interconnection costs without corresponding improvements to that service, may unjustifiably block interconnection and may allow transmission owners to discriminate in favor of themselves and their affiliates.

    The agency gave the Midcontinent Independent System Operator, the PJM Interconnection, the Southwest Power Pool and ISO New England 90 days to show why their initial funding rules are just and reasonable — or to describe what changes would be needed to make them allowable.

    Renewable energy developers such as RWE Renewables, NextEra Energy Resources and EDF Renewables argue that network upgrades cost more when they are funded by transmission owners instead of the interconnection customer.

    However, the utility companies, including Ameren, American Transmission Co. and NiSource’s Northern Indiana Public Service Co., contend the idea embedded in the show cause order — eliminating transmission-owner self-funding for interconnection-related network upgrades — violates the U.S. Constitution, the Federal Power Act and the Administrative Procedure Act.

    As a result, it should be withdrawn, they said in their rehearing request. Although FERC’s order is “in many respects interlocutory,” the utility companies said the commission’s underlying premises are “fundamentally unlawful, and thus the entire proceeding to follow may suffer from those same legal infirmities.”

    Among other things, the show cause order seeks to compel private enterprise to build, own and operate transmission facilities without a reasonable opportunity to earn a return, in violation of the Constitution’s Fifth Amendment, the utility companies said.

    FERC also arbitrarily and capriciously relied on false premises and unfounded and overstated theories of risk and undue discrimination with inadequate explanation or justification, they said.

    FERC’s show cause order is flawed because it seeks to gather information from regional transmission organizations and independent system operators that have no standing to give opinions on the returns that their transmission-owning members earn, the utility companies said.

    “The commission is proposing to eliminate the ‘return on’ invested capital for what it acknowledges is a major driver of new transmission projects,” the utility companies said. “Rather than promoting capital investment in much needed transmission expansion, the potential elimination of transmission owner self-funding would have exactly the opposite effect.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWall Street today: S&P 500, Nasdaq drop on big tech & chip stocks sell-off over China trade sanction worries
    Next Article Wall Street’s split deepens between big tech stocks and the rest of the market

    Related Posts

    Utilities

    OurCoop rebrands its travel and utilities arms after merger

    September 10, 2026
    Utilities

    Utilities Down After Wholesale Inflation Data- Utilities Roundup

    September 10, 2026
    Utilities

    Utilities giant OCU Group smashes £1bn revenue barrier as expansion plans ramp up

    September 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Finance

    Finance of America Announces Expected Effective Date of July 25, 2024 for Reverse Stock Split

    July 15, 2024
    Bitcoin

    Gold hits record high, Bitcoin tops $110K as traders raise bets on Fed cuts

    September 2, 2025
    Bitcoin

    Citi plans to launch bitcoin (BTC) custody for institutional clients later this year

    August 18, 2026
    What's Hot

    bitcoin crash: How to Stay Alive in Massive Bitcoin Crash: How to keep investments safe? Here’s expert insights, market analysis, safe investment strategies, Bitcoin and crypto market future

    November 3, 2025

    Stillwater Electric Utility offers free home energy audit

    August 6, 2024

    Avec une collecte en recul de 26 % en 2024, la finance participative se retrouve mal en point

    March 21, 2025
    Most Popular

    2 Undervalued Blue Chip Stocks to Buy as the Dow Tops 50,000 Milestone

    February 11, 2026

    Bitcoin Faces PCE, GDP, Warsh After Historic Weekly Rally

    August 24, 2026

    Oil prices rise slightly even as industry data points to US inventory build

    August 12, 2025
    Editor's Picks

    Crude oil futures edge up on reports of possible US-China presidential meeting

    October 13, 2025

    CenterPoint Energy finalise la vente de Louisiana and Mississippi Gas Utilities à Bernhard Capital Partners

    April 1, 2025

    Crypto Treasury Companies Dig In As Strategy Acquires $449,300,000 in Bitcoin and SharpLink Ups Ethereum Holdings

    September 2, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.