On February 2, 2021, in Docket No. 20-2277, Jersey Central Power and Light (“JCP&L”) filed a settlement agreement establishing a transmission formula rate that it filed in October 2019. At that time, JCP&L had in effect a stated transmission rate. The new transmission formula rate is effective January 1, 2020. The amount of difference between the settled transmission rates versus that allowed by the Commission to go into effect based upon the JCP&L filing will be included in the annual true-up adjustments for 2020 and 2021 and not refunded directly to customers. The settlement provides for the following:
Dr. Paul Dumais
CEO of Dumais Consulting with expertise in FERC regulatory matters, including transmission formula rates, reactive power and more.