A Federal Energy Regulatory Commission settlement judge on March 27 certified an uncontested proceeding to reduce transmission owner Niagara Mohawk Power’s return on equity to 10.03% from the current 11.5% (EL12-101, EL13-16, EL14-29).

Niagara Mohawk, a unit of National Grid, reached the agreement with the Municipal Electric Utilities Association of New York, the New York Association of Public Power and the Allegheny Electric Coop. (See FERC Staff Endorses Niagara Mohawk ROE Settlement.) As a result of the settlement, the hearing ordered by the commission last year will not be necessary.