The Michigan Public Service Commission approved the second round of federal tax cut adjustments, called Credit B, requiring Consumers Energy Company and DTE Electric Company to return about $69.7 million and 92.8 million, respectively, to their electric customers beginning this month. With this ruling, the commission has ordered $228 million in Credit B refunds, in…
The Connecticut Public Utilities Regulatory Authority, in a Dec. 12 decision, found that the state’s local distribution companies took a prudent approach to managing their gas supply portfolio during the 2013 to 2016 winter seasons and properly met their “supplier-of-last-resort” or SOLR obligations. The agency analyzed data for the peak demand days from the three…
The Michigan Public Service Commission approved a settlement raising the annual depreciation expenses of DTE Electric Co. by about $90 million – lower than the utility’s $156 million request – for coal, wind, and solar power generation plants. The agreement does not apply to the utility’s coal plants that are scheduled to retire in the…
The North Carolina Utilities Commission on Nov. 26 approved Duke Energy Progress LLC’s proposed decrement rate to reflect about $103.88 million in annual revenue impact from the federal tax law that slashed income tax rates to 21 percent from 35 percent effective Jan. 1. The change will offset a rate hike slated to go into…
Electricity usage pattern on the Thanksgiving Day, the fourth Thursday of November every year, is unlike other normal weekdays as demand peaks in the late morning when families prepare meals and gather to celebrate the holiday, according to a Nov. 20 report from the Energy Information Administration. Overall electricity demand on Thanksgiving Day tends to…
The Rhode Island Public Utilities Commission on Nov. 19 approved National Grid plc’s proposed rate adjustments stemming from reconciliations for various costs for the one-year period from January 2016 through December 2016. The company said that the overall impact of the changes will result in an increase of $1.57, or about 1.7 percent increase in…
FirstEnergy Corp.’s subsidiaries reached a settlement that would allow the companies to flow back $900 million in savings from the federal tax cut law that lowered the corporate income tax rate to 21 percent from 35 percent. The company said that the tax savings would be credited through a new mechanism reconciled annually, and that…
The Illinois Commerce Commission authorized $71.6 million in additional revenue for Ameren Illinois Company’s electric service, resulting in a $4 increase in monthly residential bills, according to a Nov. 1 press release. The commission approved $31.7 million rate increase for the company’s gas delivery service, raising monthly bills by about $3.50. The gas rates take effect…
Retail electricity prices for customers enrolled with competitive suppliers in the New England region are less volatile compared to wholesale power prices, although temporary price hikes occur when wholesale prices experience the largest increases, according to an Oct. 31 report from the U.S. Energy Information Administration. All the New England states except Vermont have deregulated…
The Indiana Utility Regulatory Commission approved a settlement increasing Indianapolis Power & Light’s annual revenues by about $43.9 million, resulting in a $5.18 hike in monthly residential bills, according the agency’s Oct. 31 press release. In February, the utility lowered its revenue request to $96.7 million from its initial request of $124.5 to account for…
The Illinois Commerce Commission announced that Sperian Energy Corp., an alternative retail electric supplier, would return $2.65 million to Illinois consumers as a result of a multi-agency enforcement action for violations pertaining to marketing of retail electric products, according to an Oct. 15 news release. The agency initiated a proceeding against the company in July…
Commonwealth Edison Company proposed that residential and commercial monthly bills display the “price to compare” for accounts of 15,000 kilowatt-hour or less of annual usage, according to an Oct. 15 filing. In July, the commission asked regulated utilities to clearly display the message so that customers can easily find and understand their current electric cost…
