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PATH has requested that both the National Park and Forest Services continue to hold their application review process "in abeyance" until approximately 60 days after the 12th of Never, or whenever PJM finally makes a decision, whichever comes first.

"In order to accommodate the PJM study process, while providing a measure of certainty for both the PATH Companies and the NPS, the PATH Companies respectfully request that the NPS continue to hold its application review in abeyance until 60-days after the PJM Board issues a further decision on the status of the PATH Project. Promptly after being advised of such further decision by the PJM Board, the PATH Companies will notify the NPS of that decision and, within such 60-day period, submit a further request to the NPS with regard to the pending applications."

According to the letter, PJM is not expected to make a decision until sometime AFTER May 2012.

"As indicated by the PJM Staff report, additional analysis will be undertaken after completion of the May 2012 forward capacity auction results. The time required by PJM Staff to perform such analysis thereafter is not yet
known."

You're not really surprised, are you?  This is exactly what I expected would happen after Order No. 1000 was issued, delaying the retooling of PJM's planning process, and after PATH painted themselves into a corner in Virginia.

On April 12, 2011, Virginia State Corporation Commission Hearing Examiner Alexander Skirpan issued his report and recommendations on the March 17 hearing regarding PATH's withdrawal of its application in that state.  In his report, Skirpan recommended that certain conditions be placed on the filing of a new application for the project in Virginia.  One of these conditions was that the application must be based on a completed 2012 RTEP, which won't be issued until first quarter 2013.  The Virginia Commission's Order included this stipulation.

Word is that the NPS/NFS are considering PATH's request.  No decision date has been indicated.

The only "certainty" being provided here is that every year this drags on, PATH makes another $13M in pure profit, courtesy of their FERC formula rate and incentives.  There is no motivation for them to ever restart this project -- they've got $130M tucked safely away in an account that earns 12.4% profit every year.  What a sweet deal! 

All PATH's profits come directly from your pocket in the form of higher and higher electric bills.

Your orchestra has begun composing a new tune... so check back later for more on this subject.


 


Comments

Alice

Fri, 13 Jan 2012 8:06:23 pm

Alice never could quite make out, in thinking it over afterwards, how it was that they began: all she remembers is, that they were running hand in hand, and the Queen went so fast that it was all she could do to keep up with her: and still the Queen kept crying `Faster! Faster!' but Alice felt she could not go faster, thought she had not breath left to say so.

The most curious part of the thing was, that the trees and the other things round them never changed their places at all: however fast they went, they never seemed to pass anything. `I wonder if all the things move along with us?' thought poor puzzled Alice. And the Queen seemed to guess her thoughts, for she cried, `Faster! Don't try to talk!'

Not that Alice had any idea of doing that. She felt as if she would never be able to talk again, she was getting so much out of breath: and still the Queen cried `Faster! Faster!' and dragged her along. `Are we nearly there?' Alice managed to pant out at last.

`Nearly there!' the Queen repeated. `Why, we passed it ten minutes ago! Faster! And they ran on for a time in silence, with the wind whistling in Alice's ears, and almost blowing her hair off her head, she fancied.

`Now! Now!' cried the Queen. `Faster! Faster!' And they went so fast that at last they seemed to skim through the air, hardly touching the ground with their feet, till suddenly, just as Alice was getting quite exhausted, they stopped, and she found herself sitting on the ground, breathless and giddy.

The Queen propped her up against a tree, and said kindly, `You may rest a little now.'

Alice looked round her in great surprise. `Why, I do believe we've been under this tree the whole time! Everything's just as it was!'

`Of course it is,' said the Queen, `what would you have it?'

 

Puddintane

Fri, 13 Jan 2012 9:43:35 pm

PATH seems to have trouble promising much of anything. Last year they promised the PSC's that they would line up all three state cases by having an abeyance of those applications. That was bs and so is this promise. Within 60 days of an unknown date is still an unknown date. I hope the feds don't take another bite of PATH's poison apple.

 



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