The Minnesota Public Utilities Commission on June 25 approved Xcel Energy Inc.’s 2018 rate adjustments for its revenue decoupling mechanism, which results in bill credits totaling $13 million for residential and small business customers that are subject to the program. The adjustment is calculated to match the actual electric revenue per customer to the level…
DetailsMidAmerican Energy Company served 51.4 percent of its retail sales using renewable energy last year, the Iowa Utilities Board verified in an order issued on June 21. The company said that it owns the vast majority of the renewable generation that delivers its retail energy, and acquires a small amount through power purchase arrangements. The…
DetailsIn April 2019, U.S. monthly electricity generation from renewable sources exceeded coal-fired generation for the first time based on data in EIA’s Electric Power Monthly. Renewables, which include utility-scale hydropower, wind, solar, geothermal, and biomass, provided 23 percent of the total electricity generation while coal provided 20. According to the agency, the milestone was helped by…
DetailsIllinois lawmakers approved a measure 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 credits. Current law directs…
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