{"id":5994,"date":"2015-05-05T15:50:27","date_gmt":"2015-05-05T22:50:27","guid":{"rendered":"http:\/\/nocapx2020.info\/?p=5994"},"modified":"2015-05-05T17:06:54","modified_gmt":"2015-05-06T00:06:54","slug":"itc-tariff-adder-cut-just-as-costs-are-showing-up","status":"publish","type":"post","link":"https:\/\/nocapx2020.info\/?p=5994","title":{"rendered":"ITC tariff adder cut, just as costs are showing up!"},"content":{"rendered":"

\"Print\"<\/a><\/p>\n

In an interesting twist that will take some digging to fully understand, ITC got smacked upside the head recently at FERC<\/strong><\/a>.\u00c2\u00a0 Well, a little, but they should have been sent packing altogether.<\/p>\n

They’d requested a tariff adder, in addition to the 12.38% that they’re getting as return on equity.\u00c2\u00a0 WHAT?!?!?!\u00c2\u00a0 MORE?!?!?! They didn’t get the full 100 basis points, but did get 50… so if I understand this correctly, the interest rate now will rise by 0.50% to 12.88%.\u00c2\u00a0 Why?\u00c2\u00a0 And their objection is that FERC always has given the adder requests to transmission only companies, and so now, why didn’t they get it.\u00c2\u00a0 Whine, whine, whine…<\/p>\n

To read about this, check the FERC docket.\u00c2\u00a0\u00c2\u00a0 Go HERE and search for docket ER15-945.\u00c2\u00a0 Here’s their original Petition from January 2015:<\/p>\n

Initial Filing_20150130-5273(30113346)-1<\/a><\/p><\/blockquote>\n

And surprise, here’s what FERC said (hint: they only got half of their request!):<\/p>\n

Order Conditionally Accepting & Suspending Tariff Filing _20150331-3061(30452072)<\/a><\/p><\/blockquote>\n

Regarded as so extreme that the two Dissenters felt a press release was in order:<\/p>\n

Moeller & Clark PressRelease_Dissent_20150401-3044(30455217)<\/a><\/p><\/blockquote>\n

I love it when they don’t get their way, but there’s also no justification for the 50% adder, no way, no how, not in this day of low, low prime rate interest.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

In an interesting twist that will take some digging to fully understand, ITC got smacked upside the head recently at FERC.\u00c2\u00a0 Well, a little, but they should have been sent packing altogether. They’d requested a tariff adder, in addition to …<\/span> Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[915,949,914,913,857,784,31,870,916],"class_list":["post-5994","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-el15-945","tag-ferc","tag-ferc-el15-945","tag-international-transmission-company","tag-itc","tag-itc-midwest","tag-no-capx-2020","tag-no-capx2020","tag-transmission-cost-adder"],"_links":{"self":[{"href":"https:\/\/nocapx2020.info\/index.php?rest_route=\/wp\/v2\/posts\/5994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nocapx2020.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nocapx2020.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nocapx2020.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nocapx2020.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5994"}],"version-history":[{"count":3,"href":"https:\/\/nocapx2020.info\/index.php?rest_route=\/wp\/v2\/posts\/5994\/revisions"}],"predecessor-version":[{"id":6051,"href":"https:\/\/nocapx2020.info\/index.php?rest_route=\/wp\/v2\/posts\/5994\/revisions\/6051"}],"wp:attachment":[{"href":"https:\/\/nocapx2020.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nocapx2020.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nocapx2020.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}