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In a May 21 article for Law360, Michael Hornstein, David Doot, Joseph Fagan, Michael Stosser and Eric Runge discuss the D.C. District Circuit's decision to support FERC's basing return on equity on the median of a zone of reasonableness. Southern California Edison had challenged the use of median rather than the midpoint for several transmission projects. The attorneys write that "using the median instead of the midpoint can have a material affect on the ROE, with a correspondingly large revenue impact. It remains to be seen whether this decision will be a precursor to an industrywide reassessment of existing ROEs, potentially triggering numerous complaint proceedings seeking to lower ROEs to reflect the commission's current methodology."
The full article can be found here.
Day Pitney is sponsoring the upcoming New England Energy Conference and Exposition (NEECE), which is being held on May 17-18 at the AC Hotel by Marriott in Worcester, MA.
Day Pitney Advisory
Lynn Fountain co-authored the article, "The Relationship Between Voluntary and Compliance Renewable Energy Markets," for Pratt's Energy Law Report with former partner and firm client Flossie Davis, Assistant General Counsel with Exelon Corporation.
Evan C. Reese III, Jared P. Ross and Paul N. Belval are participating in the Seventh Annual Two-Day New Developments Conference on Renewable Energy in New England, presented by Law Seminars International and held in Boston, MA on March 12 and 13.
Day Pitney Press Release
Day Pitney Press Release
Day Pitney Press Release
Energy Partner David T. Doot received the Paul E. Nordstrom Service Award from the Energy Bar Association at its 2021 Mid-Year Energy Forum on October 12.
DC Energy partner Joseph H. Fagan was featured in an E&E News article discussing how FERC is weighing proposals from several energy companies that could set a precedent for how the agency will integrate environmental considerations to its oversight of natural gas infrastructure projects going forward.
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