Does 2005 EPAct Require Rate Payers to Pay Into Slush Funds?

Keryn has continued her coverage of the Salazar/PPL/PSEG “deal” to ramrod the S-R line through out national park land.

In her most recent post, we learn that the power companies are going to be paying into a multi-million dollar real estate speculation slush fund.  This is no longer about bribing the National Park Service.  This is the time-tested strategy of buying off a big chunk of your institutional opposition.  So-called “conservation groups” will get a big say in how the slush fund would be spent to buy up land around the edges of the Delaware Water Gap NRA, while the Recreation Area itself is gutted by the S-R line.

Rate payers will be forced to pay for this slush fund through FERC/PJM rate recovery for the costs of the line itself.

Where in the 2005 Energy Policy Act does it say that slush funds constitute “prudent costs” for a high voltage transmission project?

One thought on “Does 2005 EPAct Require Rate Payers to Pay Into Slush Funds?

  1. Of course it doesn’t… but unless someone takes on the burden of raising reasonable doubt of the prudence of the expense with a complaint at FERC, they will get away with it.

    Volunteers?

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