The agency’s transmission incentives have been “ridiculously generous to transmission developers while inflicting an ongoing victimization of consumers,” FERC Commissioner Christie said.
This should not be surprising since utilities are natural monopolies are are guaranteed a rate of return by the states, & by default the federal goverment since a state can not go bankrupted. This structure allows for the perverse incentives in the form of a yes man from the utilities & doctoral controls by the regulators & state. This facilitates the state thinking it can do what it wants without taking the 2nd, 3rd, order affects of their decisions & the utilities will to go along because of a return on capital deployed is how they get paid.
This should not be surprising since utilities are natural monopolies are are guaranteed a rate of return by the states, & by default the federal goverment since a state can not go bankrupted. This structure allows for the perverse incentives in the form of a yes man from the utilities & doctoral controls by the regulators & state. This facilitates the state thinking it can do what it wants without taking the 2nd, 3rd, order affects of their decisions & the utilities will to go along because of a return on capital deployed is how they get paid.