In the first proceeding under review, the Public Service Commission sought to consider the marginal cost study of Rochester Gas and Electric Corporation (RG&E) and its development of marginal cost-based rates. The commission concluded that financial lambdas, which are herein designated to mean the prices paid or received by a utility for electricity bought or sold through the New York Power Pool (NYPP), were to be considered in designing RG&E's rates. Petitioner General...
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