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Announcement: Rates for Firm Transmission Service

The rates for Firm Transmission Service for each of the Electric Distribution Companies (“EDCs”) for purposes of the 2018 Supplier Master Agreements will be the following:

EDC

Rate for Firm Transmission Service
($/MW-day)

PSE&G1

277.25

JCP&L2

68.69

ACE3

139.62

RECO4

122.74

 

 

 

 

 

 

 

 

 

 

In the BGS-CIEP Supplier Master Agreement, these rates correspond to the Transmission Charge for each EDC. In the BGS-RSCP Supplier Master Agreement, these rates correspond to the baseline Firm Transmission Rate against which changes will be calculated. 

These rates reflect the Open Access Transmission Tariff (or “OATT”) rates in effect on January 1, 2018 and reflect Reliability Must Run (“RMR”) and Transmission Enhancement Charges (“TECs”) of zero1.  The actual monthly levels of the RMR and TECs that prevail during the supply period will, for purposes of Section 15.9 of the BGS-CIEP and BGS-RSCP Supplier Master Agreements, be considered in their entirety to be changes to the rates for Firm Transmission Service. 

PSE&G and ACE have formula-based rates.  PSE&G’s annual updates are filed on or about October 15 of each year and become effective on January 1 of the following year.  ACE’s annual updates are posted on or about May 15 of each year on the PJM website and become effective on June 1 of that year.

1 For PSE&G, TECs applicable to projects being developed by PSE&G and which are applicable to customers in PSE&G’s service territory are included in the rate for Firm Transmission Service.  Details on the development of PSE&G’s firm transmission rate can be found as Attachment 1 of the EDC’s Formula Rate Update filing.  This firm transmission rate also incorporates the filing that PSE&G has made with FERC to lower its Firm Transmission Rate to incorporate effects of the Tax Cuts and Jobs Act.  Further, based on recent decisions by FERC reallocating transmission cost recovery responsibility from merchant transmission providers, Linden VFT and Hudson Transmission Partners (HTP), to PSE&G, the rates for PSE&G’s Firm Transmission Service are expected to increase.  See FERC Dockets EL17-90 and EL17-84.  It is anticipated that PSE&G will seek approval from the BPU pursuant to Section 15.9 of the SMA, to recover these additional costs from BGS customers for the benefit of suppliers. 

2 JCP&L’s rate reflects the settlement reached in FERC Docket No. ER17-217-000, et al. and approved by the FERC on December 27, 2017 for interim implementation of the settlement rate effective January 1, 2018. On January 9, 2018, JCP&L made a joint filing with the BPU on behalf of itself, PSE&G, ACE and RECO reflecting the interim approved settlement pursuant to SMA Article 15.9. A decision is pending.

3 The current ACE formula-based rate was approved by the New Jersey Board of Public Utilities (“BPU”) on August 23, 2017, subject to SMA Article 15.9 adjustments for the June 1, 2017–May 31, 2018 period.  On or about May 15, 2018, ACE will post on the PJM website the rate effective for the June 1, 2018–May 31, 2019 period.  The SMA Article 15.9 adjustments, after approval by the BPU, will be net of the ACE formula-based rate at the time of the BGS Auction with the ACE formula-base rate at the time of the auction and any related (SMA Article 15.9) BPU-approved credits or charges made to the supplier by ACE or PJM.

4 RECO reflects FERC’s Order in ER17-856 to increase RECO’s non-formula-based transmission rate.

January 16, 2018.

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