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FERC Slashes Transmission Owner Returns, Potential $900M Refunds

Published 3 weeks, 2 days ago
Description

Federal regulators have reduced the return on equity for New England electric transmission owners, potentially unlocking $900 million in refunds for ratepayers. This decision, made after a decade-long challenge by Massachusetts attorneys general, could save over $100 million annually for 7.2 million customers. However, Eversource Energy, the regions largest utility, is appealing the decision, warning of potential stock dilution and reduced earnings.

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