The New York Public Service Commission imposed negative adjustments in the revenues of the New York State Electric & Gas Corporation, Central Hudson Gas & Electric Corporation, and Orange and Rockland Utilities Inc. for shortfalls in their reliability and customer service metrics last year. Major storms continue to challenge utilities, accounting for more than 80…
DetailsThe Court of Common Pleas in Hampton County on June 11 finalized a settlement in a class action lawsuit over the costs that South Carolina Electric & Gas Company’s electric ratepayers have incurred towards the abandoned VC Summer nuclear power project. The settlement includes a $115 million cash component, an estimated $60 million to $85…
DetailsThe New Hampshire state legislature passed a measure that revises the state’s renewable portfolio standards for solar to 5.4 percent by 2025, up from the current 0.6 percent. The bill specifically seeks to raise the amount of electricity that utilities must procure from Class II renewables, which comprises solar electric systems that began operation after…
DetailsLegislation creating an ambitious cap-and-trade program in Oregon cleared a key committee on June 12 and is scheduled for a House vote on Monday. If passed, the bill would make Oregon the second state after California to adopt the market-based approach to slashing greenhouse gas emissions causing climate change. Democrats currently hold a trifecta in…
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