Last 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…
DetailsThe Hawaiian Electric Company has submitted a plan with state regulators for its largest-ever renewable energy solicitation, seeking about 900 megawatts of new renewable generation capable of delivering nearly 2 million megawatt-hours each year, according to a July 17 filling. Pending regulatory approval, the utility plans to issue the final RFPs by August 9 and…
DetailsIllinois Governor J. B. Pritzker, a Democrat, signed legislation that allows a one-year extension of the date by which the Illinois Power Agency is required to deliver renewable energy credits from new utility-scale wind and solar projects acquired through long-term contracts. The bill sets a June 1, 2022 deadline for the agency to begin supplying…
DetailsThe Ohio Public Utilities Commission on July 17 adopted a settlement requiring FirstEnergy Corp.’s distribution utilities to revise their rates to reflect the savings from the federal tax cut law that slashed the corporate income tax rate to 21 percent from 35 percent, effective Jan. 1, 2018. The agreement calls for credits and rate revisions…
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