Delaware regulators are scheduled to review on March 5th an application by Delmarva Power and Light Co., a unit of Exelon Corp., to secure a decade-long contract for renewable energy credits, according to a Jan. 31 order by the Public Service Commission. On December 21, 2018, Delmarva filed an application with the Delaware Public Service Commission…
DetailsThe 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…
DetailsNiagara 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…
DetailsFirstEnergy 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…
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