On February 12, 2008, NYRI asked FERC for a guaranteed 13.5% rate of return on equity. The FERC Docket # is EL08-39.
Mr. Singer made a grammatical mistake on his March 28, 2008 submittal (rebuttal of all the intevenor protests). Page 29/49 (in ant event instead of "in any event"). I guess even Mr-Perfect-Barbie's Ken-Lawyer doesn't catch every typo.
With CD rates now less than inflation rates, and stock funds actually headed downwards many of us are essentially losing money (purchasing power). Wouldn't it be nice if the average US citizen could get a 13.5% guaranteed rate of return?
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