The Public Service Company of Oklahoma reached a proposed settlement seeking a revenue increase of $46 million, down from the originally requested $88 million, according to a Feb. 27 press release by the Oklahoma Corporation Commission. The settlement would raise monthly residential electric bills by about $2.38 compared to an increase of $7 that would…...
The Kansas Corporation Commission on Feb. 25 directed Kansas Gas Service, a division of ONE Gas Inc., to refund about $17.9 million to its customers, rejecting the company’s request to retain the savings accrued from the federal tax cut law to offset its cost of service. Residential customers will receive a one-time bill credit to…
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…...
The Connecticut House Energy and Technology Committee Committee discussed legislation on Feb. 22 that would better define the requirements imposed on electric suppliers regarding telesales calls and face-to-face marketing as well as empowering the state regulator to enforce them. The bill defines telesales calls and face-to-face marketing, setting rules for these interactions with customers such as recording the entirety of the…
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 Michigan Public Service Commission opened an investigation requested by Governor Gretchen Whitmer, a Democrat, on the supply and deliverability of natural gas, electricity, and propane in Michigan as well as contingency plans, according to a Feb. 7 press release. The investigation was prompted by a fire at Consumer EnergyCo.’s Ray natural gas compressor station. The…
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…...
The New Jersey Board of Public Utilities on Feb. 7 accepted the results of the state’s annual electricity auction for basic generation service, securing commitments for up to $6 bill worth of purchases to meet about 7.8 gigawatts of customer requirements. The auction will help set electricity prices for most residents and many businesses for…
The New York State Public Service Commission on Feb. 7 authorized Consolidated Edison Company of New York Inc. to implement a portfolio of demand-side solutions at a cost capped at $223 million, in a bid to ease natural gas demand in the utility’s supply-constrained areas. The commission said that the need to address surging gas…
Michigan’s electric choice customers had about 1,970 megawatts of demand, as of December 2018, an increase of about 8 megawatts from the prior year, according to the Michigan Public Service Commission’s report on electric competition report released on Feb. 1. Electricity consumption rose despite a decline in the number of customers to 5,819, from 5,929…
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…
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…