in News Departments > New & Noteworthy
print the content item

Greensburg, Pa.-based Allegheny Energy Inc. has announced that the Federal Energy Regulatory Commission (FERC) has approved a settlement agreement that establishes formula rates for the proposed Trans-Allegheny Interstate Line (TrAIL) and other related transmission projects.

The settlement agreement, filed earlier this year by Allegheny Energy's subsidiary, Trans-Allegheny Interstate Line Co. (TrAILCo), includes the following:

- an incentive return on equity rate of 12.7% for the TrAIL project,

- an incentive return on equity rate of 12.7% for the static volt ampere reactive compensator installed at the existing Black Oak Substation, and

- a return on equity rate of 11.7% for any other projects TrAILCo may undertake for which no incentive return has been requested.

According to TrAILCo, project benefits for West Virginia and southwestern Pennsylvania include the potential for new generation projects, including clean-coal technologies and renewables, such as wind and hydro.

The settlement agreement, called "fair and reasonable and in the public interest" by FERC in its order, resolves all issues associated with establishing the transmission cost of service formula for TrAILCo.

SOURCE: Allegheny Energy Inc.



Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015