SoCal Ed’s proposed 18.4% transmission ROE faces withering criticism

摘要

Stakeholders are raising alarm about Southern California Edison’sproposal to boost the return on equity for its transmission facilitiesabove 18% to account for potential wildfire liabilities, with commenterssaying the ROE is excessive and ignores policy that the Federal EnergyRegulatory Commission proposed.The debate is significant because wildfire costs are expected to bean ongoing issue for California utilities, and because FERC is in themidst of overhauling its approach to setting ROE for transmissionowners.