The Federal Energy Regulatory Commission on Oct. 17 granted GridLiance West Transco LLC more time to file for rehearing for further consideration related to its proposed transmission revenue requirement.
On Aug. 17, FERC approved GridLiance's purchase of a 230-kV transmission system from Valley Electric Association Inc. but held that GridLiance's proposed accounting entries are not consistent with FERC's Uniform System of Accounts. (FERC docket EC17-49) On Sept. 18, GridLiance filed for a rehearing on the commission's finding.
The absence of FERC action within 30 days from the date the filing would have deemed the request denied. The commission's latest order allows GridLiance to file for further rehearings requests that would not be deemed denied.
GridLiance, a company backed by Blackstone Group LP affiliate Blackstone Energy Partners, completed in September its acquisition of 160 miles of a 230-kV transmission system and related substation equipment from Valley Electric under a deal valued at more than $200 million.