TrAIL No Risk for Allegheny Power
A reader writes:
I just learned that incentives were given to TrAILCO by FERC that they couuld recover all of their “prudent costs” from ratepayers should the project be abandoned. They can also recover all costs for construction work in progress and as it stands now, they will receive a 13.9 % return on equity. The latter point has been objected to and is now before a hearing judge. I am told there is one other incentive but I don’t know what that is. So, if you think TrAILCO has plenty of money to waste sending surveyors and the like out into the field even though this case has not been decided, don’t fret, they risk NOTHING.