In a letter to the Madison Courier, Legislator David Townsend reported that Federal Energy Regulatory Commission (FERC) has denied NYRI's appeal to reconsider it's request to pass construction and operating costs on to ratepayers. Townsend declared that without the ratepayers footing the bill, it was believed there was little hope of financing the project. But is this really the last we'll see of them? Last time they waited a few years and came at us again. There is too much "fat$" in the investment banking and legal fees (plus a guaranteed rate of return on their investment) to believe these wolves won't be back at our door! This is definitely a group to keep your eye on!
