The state of Michigan and Canadian company Enbridge Inc. signed an agreement under which the company would replace the Line 5 petroleum pipeline segment that crosses the Straits of Mackinac with a multi-utility tunnel beneath the Straits, according to an Oct. 3 press release from the Michigan Governor’s office. Enbridge agreed to bear the costs…
Uranium purchases by U.S. commercial nuclear power plants totaled 43 million pounds of triuranium octoxide last year, 15 percent lower than 2016 and the lowest since 1998, according to an Oct. 3 report from the U.S. Energy Information Administration. Triuranium octoxide, called yellow cake, represents the first step in nuclear fuel production. The agency attributed…
The Maine Public Utilities Commission opened an investigation on Oct. 3 to determine the impact of certain aspects of the federal tax law on Emera Maine’s revenue requirements including excess deferred income taxes, savings associated with the time period from Jan. 1 to June. 30, and whether these savings can be used to offset storm…
The Public Utilities Commission of Ohio approved a settlement that will lower residential bills for American Electric Power Company Inc.’s customers by $3.65 per month as a result of reconciling rates to pass on savings from the federal tax law that slashed the federal income tax rate to 21 percent from 35 percent, according to…