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‘An ugly mess’
‘An ugly mess’
U.P. ratepayers might still be on hook for millions in power plant refunds
July 10, 2016
By RYAN JARVI - Journal Staff Writer , Mining Journal
MARQUETTE - Some Upper Peninsula electric customers may see rate increases if a federal oversight committee approves a compliance filing related to millions of dollars in overdue subsidy payments for the operation of three coal-fired generating facilities, including the Presque Isle Power Plant in Marquette.
The Midcontinent Independent System Operator, or MISO, which oversees the electrical grid in the Upper Midwest and part of Canada, filed a cost allocation plan in mid-June with the Federal Energy Regulatory Commission, or FERC.
The plan allocates to multiple utilities System Support Resource payments, or SSR payments, of nearly $50 million, which was the total cost of operating the Presque Isle, White Pine and Escanaba power plants for a period between April 2014 and June 2015.
Andy Schonert, spokesman for MISO, said MISO previously assigned the costs but was ordered by FERC to create a new cost allocation method, which was later supported by FERC....
U.P. ratepayers might still be on hook for millions in power plant refunds
July 10, 2016
By RYAN JARVI - Journal Staff Writer , Mining Journal
MARQUETTE - Some Upper Peninsula electric customers may see rate increases if a federal oversight committee approves a compliance filing related to millions of dollars in overdue subsidy payments for the operation of three coal-fired generating facilities, including the Presque Isle Power Plant in Marquette.
The Midcontinent Independent System Operator, or MISO, which oversees the electrical grid in the Upper Midwest and part of Canada, filed a cost allocation plan in mid-June with the Federal Energy Regulatory Commission, or FERC.
The plan allocates to multiple utilities System Support Resource payments, or SSR payments, of nearly $50 million, which was the total cost of operating the Presque Isle, White Pine and Escanaba power plants for a period between April 2014 and June 2015.
Andy Schonert, spokesman for MISO, said MISO previously assigned the costs but was ordered by FERC to create a new cost allocation method, which was later supported by FERC....
http://www.miningjournal.net/page/content.detail/id/643264/-An-ugly-mess-.html?nav=5006
