The Florida Public Service Commission on June 11 approved an agreement allowing Duke Energy Florida LLC to use savings from the 2017 federal tax reforms to cover the costs of restoring power after hurricane Michael, avoiding a surcharge to the utility’s customers. Duke Energy will use $223.5 million for the costs incurred from the October…
The Michigan Public Service Commission found that Consumers Energy Co. did not act in a timely manner to mark natural gas and electrical lines after receiving notices of excavation plans in over 20,000 instances, according to a June 7 press release. The findings were based on the commission staff’s tracking of the company’s responses to…
Democratic Governor Steve Sisolak signed legislation on May 29 directing the Public Utilities Commission to adopt regulations enabling electric utilities to file alternative rate-making plans, which include performance-based rates that are based on performance metrics that the commission may establish. The legislation also authorizes the commission to include a mechanism for earnings sharing with the…
The California Public Utilities Commission on May 30 approved wildfire mitigation plans for the state’s electric utilities in response to legislation enacted last year that directed electric corporations to file annual plans describing measures to prevent, combat, and respond to wildfires in their service areas. The commission also made enhancements to communication and notification guidelines…
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…
National Grid’s President John Bruckner, issued a statement on May 17 saying the company has stopped processing all applications for new or expanded gas service in Brooklyn, Queens and on Long Island following the New York State Department of Environmental Conservation’s decision on Wednesday to deny “without prejudice” a water permit for Williams’ Northeast Supply Enhancement project, which…
The South Dakota Public Utilities approved a settlement requiring MidAmerican Energy Co. to return about $4.2 million to the utility’s electric and natural gas customers, reflecting savings from the federal tax cut law, bringing the total refunds of the state’s investor-owned utilities to about $29 million, according to a May 15 press release. The tax…
The Florida Public Service Commission authorized Gulf Power Company to implement an interim charge to collect an estimated $342 million from customers to cover the costs incurred to restore power after Hurricane Michael and to replenish the company’s storm reserve, according to a May 14 news release. The company will implement an interim monthly charge…
More than half of U.S. states with competitive retail energy markets face proposals for stricter oversight rules from lawmakers, including measures to phase out the industry altogether, as efforts mount to put in place more consumer protections. Just five months into most states’ legislative sessions, over two dozen proposals have emerged to toughen rules around billing and marketing practices, licensing and registration and contractual terms.
The Colorado Public Utilities Commission announced that electric and gas customers will receive about $168 million in refunds, reflecting savings from the federal tax cut law, which slashed the corporate income tax rate to 21 percent from 35 percent, effective Jan. 1, 2018, according to a May 3 press release. Customers will receive benefits in…
The Michigan Public Service Commission on May 2 approved a rate increase of about $273 million for DTE Electric Co., over 40 percent less than the company’s request. The agency rejected the company’s proposed method to determine payments for customers with distributed renewable generation, as well as its proposed system access charge, finding that it…
Pacific Gas and Electric Company requested a 16 percent rate of return on equity for 2020, up from the current 10.25 percent, to attract the new investment needed to upgrade and modernize its infrastructure in the face of wildfire risks, according to the company’s cost of capital proposal filed with the California Public Utilities Commission…