FERC denies marketer's request to extend transmission service
WASHINGTON, D.C. - The U.S. Federal Energy Regulatory Commission has rejected a power marketer's bid for a one-year rollover of firm transmission agreements expiring December 31.
Although the order effectively agreed with Cargill Power Markets' argument that three transmission providers could not use rollover provisions in FERC Order 890 to deny the service, it found the applicable rate schedule contains no rollover rights.
Under the order, a service agreement must have a minimum five-year term to be eligible for rollover rights, but CPM's complaint against Central Maine Power, NStar Electric and United Illuminating said the service agreements, which have one-year terms, pre-dated that requirement.
While the deals may have pre-dated that requirement, the applicable service schedule did not include any rollover rights, said the order issued December 5. CPM "provided no evidence" to support its assertion that rollover language "was inadvertently omitted," FERC said.
Related News
The CIB and private sector partners to invest $1.7 billion in Lake Erie Connector
TORONTO - The Canada Infrastructure Bank (CIB) and ITC Investment Holdings (ITC) have signed an agreement in principle to invest $1.7 billion in the Lake Erie Connector project.
Under the terms of the agreement, the CIB will invest up to $655 million or up to 40% of the project cost. ITC, a subsidiary of Fortis Inc., and private sector lenders will invest up to $1.05 billion, the balance of the project's capital cost.
The CIB and ITC Investment Holdings signed an agreement in principle to invest $1.7B in the Lake Erie Connector project.
The Lake Erie Connector is a proposed 117 kilometre underwater…
