A Federal Energy Regulatory Commission (FERC) law judge ruled that ISO New England transmission owners’  11.14% return on equity is unjust and unreasonable and should be reduced.

FERC Law Judge Michael Cianci said   that a return of 10.6% would be just and reasonable for the period from Oct. 1, 2011–Dec. 31, 2012, and a return of 9.7% should be used going forward.

The initial ruling has been sent to commissioners for a final decision.

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