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…
Niagara Mohawk Power Corp., an affiliate of National Grid Plc, proposes to boost annual spending on transmission and distribution repairs, upgrades and other projects in New York to $805.7 million in fiscal year 2024, up from $573 million in 2020, according to the utility’s five-year capital investment plan issued Jan. 31. Capital spending to total…
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…
Federal Energy Regulatory Commissioner Cheryl LaFleur announced on Jan. 31 that she would not be seeking a third term at the agency and plans to step down later this year. LaFleur, the longest-serving member on FERC, added that she will stay through the end of her term until June 30, and probably longer, depending on…
New York State Democratic Senator Liz Krueger introduced legislation on Jan. 24 that would protect electric and natural gas customers against slamming by prohibiting suppliers from switching customers without proper authorization. The bill would authorize the state Public Service Commission to establish requirements for obtaining customer consent to effect a change in their supplier and…
Consolidated Edison Company of New York Inc. outlined a strategy to continue procurement of demand reduction beyond the 41 megawatts initially planned for 2019 through 2021 under its Brooklyn/Queens Demand Management, or BQDM, program, according to a Jan. 29 filing with the New York Public Service Commission. The company said the strategy, which details the program’s budget…
The New York Public Service Commission issued a notice to AAA ESCO Llc., a natural gas supplier, for failure to file its second quarter 2018 historic pricing data, threatening to revoke the supplier’s license to operate in the state. The regulator alleges that AAA has not complied with the filing deadlines for pricing data and has repeatedly missed…
New York Democratic Governor Andrew Cuomo on Jan. 17 unveiled the most aggressive plan of any state to eliminate global warming emissions and achieve 100 percent carbon-free power in just a couple of decades. Cuomo's legislative package, dubbed the "Green New Deal," is designed to put the state on a path to wipe out its carbon footprint by 2040 by slashing the heat-trapping emissions not just in the power fleet, but across the entire economy including the transportation and agriculture sectors and through building efficiency.
BlueRock Energy Inc. submitted a request to the New York State Public Service Commission asking for relief from the approximately $185,000 per month that it would have to pay the New York State Energy Research and Development Authority for zero-emission credits. The company explains that it entered into an agreement in October to assign all of…
The Massachusetts Department of Public Utilities issued an order on Jan. 23 opening an investigation into initiatives that would promote and protect electricity consumers in the state. The study will discuss measures including increasing customer awareness, improving the department’s ability to investigate dubious practices by suppliers and other means that would improve the operational efficiency of the market.…
Massachusetts House Democratic lawmakers Marjorie Decker and Sean Garballey introduced legislation on Jan. 28 that would transition Massachusetts to 100 percent renewable electricity. The bill would set a target for the state to source all of its electricity from renewable energy by 2035 and calls for an economy-wide transition to renewables, including heating and transportation,…...
The New York Department of Public Service will conduct an analysis of the changing market conditions that led to Consolidated Edison Company of New York Inc.’s decision to stop enrolling new gas customers, according to a Jan. 28 press release. The study will focus on Westchester County and other areas facing supply and demand issues,…...
