Niagara 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…
DetailsFederal Energy Regulatory Commissioner Cheryl LaFleur announced on Jan. 31 that she would not be seeking a third term at the agency and plans to step down later this year. LaFleur, the longest-serving member on FERC, added that she will stay through the end of her term until June 30, and probably longer, depending on…
DetailsNew York State Democratic Senator Liz Krueger introduced legislation on Jan. 24 that would protect electric and natural gas customers against slamming by prohibiting suppliers from switching customers without proper authorization. The bill would authorize the state Public Service Commission to establish requirements for obtaining customer consent to effect a change in their supplier and…
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