Governors Thanked PJM and Urged FERC to Consider Cost Allocation that Will Not Unfairly Burden Delmarva Ratepayers
ANNAPOLIS, MD – Maryland Governor Larry Hogan and Delaware Governor John Carney on Friday thanked PJM's Board of Managers for presenting alternatives to financing the $279 million Artificial Island transmission line project, and urged the Federal Energy Regulatory Commission (FERC) to consider a new cost allocation that will not unfairly burden electric ratepayers on the Delmarva Peninsula.
"It is encouraging that PJM listened to the concerns of the citizens of Maryland and Delaware and developed alternative cost allocation methods that are much more equitable to Delmarva residents and businesses," said Governor Hogan. "This is a significant step in the right direction, however we will continue to push for FERC to adopt this new plan in a timely manner so the project can move forward in a way that treats Maryland ratepayers fairly."
"This is a positive first step, and we're optimistic that PJM has presented alternative financing for the Artificial Island project that would not unjustly burden Delaware electric ratepayers. We're hopeful that the Federal Energy Regulatory Commission will seriously consider these newly-proposed alternatives. And we will continue to work closely – alongside Delaware’s Public Advocate, the Public Service Commission, and Delaware’s federal delegation – on this issue," said Governor Carney. "As we have said all along, Delawareans and Delaware businesses should not be forced to finance this project through higher monthly electric bills, while receiving little in the way of a direct benefit. We're thankful to the PJM Board for their thoughtful consideration of this issue."
As currently funded, Delmarva Peninsula ratepayers would fund 90 percent of the cost of the project through higher electric bills, while receiving few direct benefits. Under PJM's alternative methods for cost allocation, Delmarva ratepayers would fund approximately 7-10 percent of the project costs.
Governor Hogan and Governor Carney previously appealed the cost allocation to FERC, and urged PJM to support a more equitable cost allocation.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
This is also happening on the Eastern Shore with the Piney Grove to VA line to the tune of $53,000,000. Eastern Shore ratepayers are paying when the cost should be allocated to the solar developer, aka Great Bay Solar. Reference PSC Case 9393.
ReplyDeleteMore smoke and mirrors. Hogan knows its a done deal. Carney the same. Mathias knows its going to happen because one of his campaign contributors is a principle in the project and HE knows its already in the works. These guys load up from the 'free' trough of slush money and then try to cloak it by seeming to be concerned. Until the voters realize these theatrics are just what they are, the final product is PAY THIS AMOUNT!!!!!!! Bob Aswell....NOT FOOLED
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