FERC OKs Duquesne Rate Increase

Reuters:

The Federal Energy Regulatory Commission said on Wednesday it conditionally approved Duquesne Light Co.'s request for higher transmission rates to help pay for a proposed $184 million transmission expansion project in Western Pennsylvania.

The agency accepted Duquesne's proposed formula rate to recover its revenue requirement for transmission facilities it turned over to operation and control of the PJM Interconnection, effective last Dec. 1.

PJM is the FERC-approved regional transmission organization for the Mid-Atlantic region.