May 2, 2025

Blackstone’s Viridon Mid-Atlantic secures lower-than-requested rate of return in FERC settlement

Settlement with FERC establishes a 10.55% base return on equity for the transmission developer.

Return on Equity: Viridon Mid-Atlantic LLC, a Blackstone affiliate, reached a settlement with FERC on a formula rate for transmission revenue requirements in the PJM Interconnection LLC market, securing a 10.55% base return on equity (ROE), according to a May 2 notice. Combined with a pre-approved 0.5% adder for regional transmission organization (RTO) participation, the total ROE reaches 11.05%. This ...

Details:

Filing Date: May 2, 2025

Docket Numbers:

ER24-506

Short Summary:

Viridon Mid-Atlantic LLC, a Blackstone affiliate, reached a settlement with FERC on a formula rate for transmission revenue requirements in the PJM Interconnection LLC market, securing a 10.55% base return on equity (ROE), according to a May 2 notice. Combined with a pre-approved 0.5% adder for regional transmission organization (RTO) participation, the total ROE reaches 11.05%.

Impact Level:

Categories:

Rate & Tariff Tracker

Tags: Return on Equity, Transmission, Transmission Projects, Transmission Rate Incentives

Entities: Blackstone Inc.

Markets: PJM Interconnection (PJM)

Regions: Mid-Atlantic & Midwest

States:

Regulators: FERC

Courts:

Documents:

Transmission Rates – Settlement