The Ohio Public Utilities Commission on Feb. 20 approved rate reductions for Duke Energy’s electric customers to account for the federal tax law, which slashed the corporate income tax rate to 21 percent from 35 percent, effective Jan. 1, 2018. Customers will see a $2.13 decrease in their monthly bills. The company will refund $8.1 million…...
National Grid plc asked the Rhode Island Public Utilities Commission to approve rate adjustments stemming from reconciliations for various costs from January through December 2018, according to a Feb. 15 filing. The company said that the overall impact of the changes would result in a decrease of $3.07, from $118.51 to $115.44, in monthly residential…...
The compliance obligations under Ohio’s renewable portfolio standard have been shifting from electric distribution companies to competitive retail suppliers as consumers are exercising their choice of electric service providers, according to a Feb. 11 draft annual report by the Ohio Public Utilities Commission staff. Competitive suppliers were responsible for about 77 percent of Ohio’s overall…...
PG&E Corporation announced it intends to reorganize under Chapter 11 of the U.S. bankruptcy code as it faces billions of dollars in potential liability resulting from the 2017 and 2018 Northern California wildfires, according to a Jan. 14 press release. The move comes a day after Geisha Williams stepped down as CEO. The company said…...
The California Public Utilities Commission on Jan. 10 opened a docket to implement the provisions of Senate Bill 901 enacted last year, allowing utilities to pass some of their costs to ratepayers. The commission said it will adopt a methodology for wildfire cost recovery, but will not adopt any specific financial outcome for future applications…....
The Virginia State Corporation Commission on Jan. 7 approved Appalachian Power Company’s proposal that allows customers the option to meet 100 percent of their electricity needs from renewable energy resources. Participating customers would pay a premium of $4.25 a month above the standard electric rate. State law permits utilities to design a tariff that customers…...
The Trump Administration enacted the largest tax cut in over 30 years in 2018. The historic reductions are having a seismic impact on dozens of investor-owned electric utilities across the nation, leaving them with billions of dollars in over-collected revenues and slashing the rates they can charge consumers. EnerKnol’s first-of-its-kind report provides a comprehensive snapshot…...
An increasing number of electricity customers are gaining access to the competitive retail market, giving them a broader range of choices in suppliers of electric power. In a bid to ensure a more competitive and transparent market, states are strengthening rules on marketing by suppliers. Among recent actions, New York is examining the status of cybersecurity in the retail access industry, while Maryland is considering enhancements to the competitive market and customer choice framework.
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