Rockland Electric Files for FERC Transmission Rate Review
Rockland Electric and its New York affiliate, Orange and Rockland Utilities, Inc. (the “utilities”), operate an Integrated Transmission System. Rockland Electric’s transmission rates were last updated in 2001, and since that time the utilities have implemented a variety of transmission projects to expand and improve the safety, reliability and capacity of the Integrated Transmission System.
In addition to the recovery of the Company’s capital investments, Rockland Electric’s request is seeking to recover its increased operating costs associated with control center dispatch and transmission operations. Mitigating these increases is a proposed reduction to the current transmission rate return on equity (ROE) from 11.1 percent to 10.7 percent ROE.
If this proposal is approved by FERC, it would increase the overall bill 3.4%. The Company would confer with and get approval from the New Jersey Board of Public Utilities (NJBPU) on how the increase would be apportioned to customers. Then, the monthly bill impact in dollars for a typical residential electric customer would become available.
Under this proposal, Rockland Electric’s revised transmission rates, if approved by FERC, would become effective on or about April 3, 2017.
Rockland Electric Company is an electric utility serving approximately 72,000 customers in parts of northern Bergen and Passaic counties and small sections of Sussex County in New Jersey. Rockland Electric is a wholly owned subsidiary of Orange and Rockland Utilities, Inc., which in turn is owned by Consolidated Edison, Inc.