Highlights from APPA's Public Power Daily - November 04, 2008
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FERC approves incentives for Pepco transmission line
The Federal Energy Regulatory Commission approved a series of rate incentives for Pepco Holdings Inc.’s proposed 230-mile Mid-Atlantic Power Pathway (MAPP) project, a 500-kV backbone transmission line from Virginia to New Jersey. In a concurring opinion, Commissioner Jon Wellinghoff, who has dissented from a number of orders granting incentive rates for transmission projects, supported the incentives for the Pepco project.
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Fitch upgrades ratings of three public power utilities
Despite the ongoing turmoil in credit markets, Muscatine, Iowa, Power & Water; Knoxville, Tenn., Utilities Board; and the Chelan County, Wash., Public Utility District each received bond upgrades from Fitch Ratings.
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