The New York State Public Service Commission predicts that the cost for electricity supply this summer will remain near historically-low levels thanks to a decline in the amount of electricity consumed, according to a May 16 press release. Energy price forecasts based on projections from the New York Mercantile Exchange are down between 1 to…
The Florida Public Service Commission on May 21 approved settlement agreements allowing Duke Energy Florida LLC and Tampa Electric Company to use the savings from the 2017 federal tax reforms to cover the costs of restoring power after recent storms. The agreements also establish standardized processes for future storm restoration activities. Duke Energy will use $484…
Xcel Energy Inc. plans to retire its last two coal power plants in Minnesota by 2030, a decade earlier than scheduled, while extending operations of its Monticello nuclear plant until at least 2040, according to a May 20 announcement. The closures are part of the company’s integrated resource plan, which will be filed with the…