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ADVERTISEMENT ADVERTISEMENT DC Circ. Backs FERC s Grid Rate Incentives Cut Law360 (February 19, 2021, 8:01 PM EST) A divided D.C. Circuit on Friday backed the Federal Energy Regulatory Commission s decision to slash incentives from units of transmission company ITC Holdings Inc. following a 2016 merger, rejecting arguments that FERC unlawfully performed a policy about-face. The ITC units International Transmission Co., Michigan Electric Transmission Co. LLC and ITC Midwest LLC argued FERC had no legal basis to conclude that incentives they received needed to be halved because they had a reduced level of independence after ITC Holdings merger with utility Fortis Inc., which also owns electricity generation facilities. ....
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