Interstate Power and Light Company anticipates that over the next decade it will have a surplus of renewable energy credits to the tune of between 1.5 million to 5.5 million per year, relative to Iowa’s current renewable energy requirements, according to a Jan. 31 filing by the Minnesota Public Utilities Commission. Interstate Power and Light…
The Delaware Public Service Commission on Jan. 31 approved additional rate cuts for the state’s regulated utilities to account for over-collection associated with the federal tax reforms that slashed corporate income tax rates to 21 percent from 35 percent, effective Jan. 1, 2018. Overall rate reductions to regulated utilities to flow back excess taxes to…
Niagara Mohawk Power Corp., an affiliate of National Grid Plc, proposes to boost annual spending on transmission and distribution repairs, upgrades and other projects in New York to $805.7 million in fiscal year 2024, up from $573 million in 2020, according to the utility’s five-year capital investment plan issued Jan. 31. Capital spending to total…
FirstEnergy Corp.’s wholesale auction held on Jan. 28 resulted in an average clearing price of $47.92 per megawatt hour for a one-year product to supply electricity to the company’s Ohio customers for the delivery period of June 2019 through May 2020. The results will be combined with previous auctions to set the price-to-compare for the…
Federal Energy Regulatory Commissioner Cheryl LaFleur announced on Jan. 31 that she would not be seeking a third term at the agency and plans to step down later this year. LaFleur, the longest-serving member on FERC, added that she will stay through the end of her term until June 30, and probably longer, depending on…