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Schumer: NYRI's Rate Reimbursement Is 'Money Grab'Submitted by Dan Hendrick on Thu, 2008-04-10 21:06.
According to the Middletown Times Herald-Record, the company is seeking subsidies for the $2 billion electric corridor from the Federal Energy Regulatory Commission. The line would pass through Orange and Sullivan counties. The subsidies would include a 13.5 percent return for investors. NYRI is seeking them under rules set up by the Energy Policy Act of 2005. |
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