AEP/FE have filed their first estimates of what they will be charging WV and all PJM rate payers for PATH in 2012. These estimates are supposed to be for costs incurred and the hefty 14.3% return on equity that FERC has guaranteed PATH in 2011. Keep in mind that PJM dropped PATH from their planning and the power companies withdrew their state applications in March 2011.
Get ready for what AEP/FE want you to pay just for their their profit on the undead PATH zombie — $14.6 million. For a project that is no longer in PJM’s plans. Keryn is the expert on “cost recovery” issues and she explains it all over at StopPATH WV.