ED · 10-Q · 2026Q3 · Full report

PJM Transmission Cost Dispute

CONSOLIDATED EDISON INC · 2026-11-05 · Importance 53 · Surprise 60

In October 2026, FERC reaffirmed that PJM’s de minimis threshold for allocating regional transmission enhancement project costs is unjust, unreasonable, and unduly discriminatory. FERC directed recalculation of historical cost responsibility for more than 600 projects without that threshold, with associated refunds, surcharges, and interest dating to June 18, 2015. The recalculation methodology remains unresolved in hearing and settlement proceedings, and FERC also set the allocation methodology for two challenged projects for hearing and settlement. CECONY cannot estimate any refund it might receive, which would be credited to electric customers.

Key facts

• In October 2026, FERC reaffirmed that PJM’s de minimis threshold for allocating costs of all PJM RTEP projects is unjust, unreasonable, and unduly discriminatory. source
• FERC reaffirmed recalculation without the de minimis threshold of historical cost responsibility assignments for over 600 RTEP projects, with associated refunds, surcharges, and interest dating back to June 18, 2015. source
• The methodology for recalculating PJM cost assignments was not finalized and remained subject to hearing and settlement proceedings; CECONY could not estimate any refund it might receive. source