Treasury bonds and mortgage-backed securities in the wake of the 2008 financial crisis.[15] While FERC agreed with the complainants that the rate of 12.38% was too high, FERC also accepted MISO transmission owners’ record evidence that a decrease in the ROE rate from 12.38% to 9.29% – the level that would apply with a strict application of the DCF methodology – “could undermine the ability of MISO [transmission… [read post]