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Direct Testimony of Thomas M. Hildebrand - Consumer Advocate ...

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0 bse rvations<br />

Difficult to justify large scale upgrades based<br />

solely on economic benefits<br />

Economic metric will evolve as validation<br />

andlor reason to advance reliability upgrades<br />

PJM economic expansion metric likely<br />

reduces merchant incentives<br />

Incremental Rights created by upgrades<br />

should be allocated to customers or zones in<br />

proportion to cost allocation<br />

1<br />

I

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