Ohio state lawmakers approved legislation on July 23 requiring electric customers to pay new monthly surcharges from 2021 through 2027 to raise $150 million per year to subsidize FirstEnergy Solutions Corp.’s ailing nuclear plants. Governor Mike DeWine, a Republican, signed the bill into law, making Ohio the fifth state in the nation to prop up…
DetailsThe Michigan Public Service Commission on July 18 approved part of DTE Electric Co.’s renewable energy plan, which includes the purchase of about 455 megawatts of wind power that will qualify for the full federal tax credit. The investments are expected to boost the company’s renewable energy portfolio by nearly 50 percent. The agency said…
DetailsThe New Hampshire Supreme Court on July 19 ruled in favor of the state’s decision that denied a key permit for Eversource Energy to construct its 192-mile Northern Pass transmission line designed to supply hydro power from Hydro-Quebec’s dams in Canada to New England. Last February, the New Hampshire Site Evaluation Committee, the state agency…
DetailsLast year, 89 utilities, representing nearly half of all major U.S. electric utilities, filed rate cases with state regulatory commissions, the largest number since 1983, according to a July 19 report from the U.S. Energy Information Administration. The aggregated value of utility-rate hike requests in 2018 was $6.8 billion, and regulators approved a total increase…
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