A FERC settlement judge certified an uncontested proceeding to reduce transmission owner Niagara Mohawk Power’s return on equity to 10.03% from the current 11.5%.

Trial staff at FERC has recommended approval of a settlement that would reduce the return on equity of Niagara Mohawk to 10.03% from the current 11.5%.

A timeline of events in the life of the Dunkirk, N.Y., coal-fired plant.

FERC last week ordered hearing and settlement procedures in a dispute over the costs of keeping NRG’s Dunkirk generating plant online for reliability.

Niagara Mohawk Power has agreed to reduce its return on equity in a settlement with groups representing public power and municipal utilities.