Carper, Coons, Blunt Rochester Call On PJM to Reconsider Unacceptable and Unfair Cost Allocation Plan
Wilmington,
March 30, 2017
|
Courtney McGregor
(202-816-7444)
Today, U.S. Senators Tom Carper and Chris Coons along with U.S. Rep. Lisa Blunt Rochester (all D-Del.) sent a letter to PJM asking them to reconsider their plan to fund the Artificial Island project. The cost allocation model currently in place would force Delmarva ratepayers to cover an unacceptable and completely unfair portion of the total costs of the project.
WILMINGTON, DE – Today, U.S. Senators Tom Carper and Chris Coons along with U.S. Rep. Lisa Blunt Rochester (all D-Del.) sent a letter to PJM asking them to reconsider their plan to fund the Artificial Island project. The cost allocation model currently in place would force Delmarva ratepayers to cover an unacceptable and completely unfair portion of the total costs of the project. In the letter, the Congressional Delegation writes: “The cost estimate for the project currently stands at $279 million and, under the cost allocation model proposed by PJM, Delmarva zone ratepayers would pay approximately $250 million of that cost. Asking these ratepayers to cover almost 90% of the project cost is unacceptable considering they receive only a fraction of the benefit. “As the federal congressional delegation representing the State of Delaware, we have an obligation to stand up for the best interest of our constituents. Put plainly, this project, with the cost allocation as it stands, is a bad deal for Delaware ratepayers. A very bad deal. We will continue to speak up – loudly – for the best interests of Delawareans and oppose this project’s cost allocation until it is remedied and we intend to pursue all options at our disposal.” The letter can be read in full here.
### |
