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."
Day Pitney Attorneys Joseph H. Fagan, Harold M. Blinderman, Margaret Czepiel and Samantha Regan authored the article, "FERC Issues Two Policy Statements Impacting Natural Gas Infrastructure Projects," for Pratt's Energy Law Report.
Day Pitney Renewable Energy Attorneys completed two major transmission siting filings in Massachusetts and Rhode Island related to a second 1,200 MW offshore wind transmission connector project for Mayflower Wind Energy LLC (Mayflower Wind), a major developer of offshore wind energy generation and related transmission projects.