On April 6, 2011, FERC Chairman Jon Wellinghoff spoke at a roundtable with reporters about FERC rate investigations, among other topics.  Chairman Wellinghoff told reporters that FERC would look at the level of earnings among both the electric and gas industry and ask if companies are overcharging.  Chairman Wellinghoff indicated that if companies are earning in excess of a reasonable rate of return, without mitigating factors, or one-time events, then FERC will look to intervene.  In addition to noting FERC’s interest in rate investigations, Chairman Wellinghoff also stated that FERC will continue to work on its electric transmission line incentive rate policies through a case-by-case approach, not in a rulemaking.