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Baltimore Gas and Electric Co. on Aug. 15 requested rehearing of a FERC order that granted increases to its return on equity for continued participation in the PJM Interconnection LLC and for upgrades at two major substations, but denied increases for other transmission projects.
"The commission erred in denying BGE's request to populate formula rate annual updates with incentive adders on future projects subject to approved protocols," BGE, a subsidiary of Constellation Energy Group Inc., said in the Aug. 15 filing.
In a July 24 order, FERC authorized BGE to submit revised tariff sheets to the PJM open access transmission tariff to reflect a 50-basis-point return on equity adder on all of BGE's transmission facilities for continued membership in PJM, and a 100-basis-point ROE adder for two projects, Conastone and Waugh Chapel.
The two projects were to be built in accordance with PJM's regional transmission enhancement planning protocol and approved by PJM's board as regional transmission expansion plan, or RTEP, baseline projects. BGE submitted a compliance filing on Aug. 6 to reflect these two authorizations.
The July 24...