NYRI rate reimbursement request kicked back
Times Herald Record
WASHINGTON – The huge power line proposed for this region has suffered another setback in its application process.
New York Regional Interconnect’s request for rate reimbursement for its $2 billion line was deemed deficient yesterday by the Federal Energy Regulatory Commission, which requested additional documents, work papers and project costs.
NYRI had also asked that its investors receive a return of 13.5 percent. The rejection comes weeks after the state Public Service Commission returned NYRI’s application for the second time. In another development, NYRI said yesterday that it will hire disabled veterans to build the line. It also pledged to create a $5,000 annual scholarship program for veterans.
LINK IS HERE: