The Iowa Utility Board on Dec. 4 approved a settlement determining ratemaking principles for MidAmerican Energy Company’s proposed 591-megawatt Wind XII Project. The settlement establishes a cost cap of $1.560 million per megawatt and a return on equity of 11 percent. For construction work in progress, an equity rate of 10 percent will be applied.…
DetailsThe Washington Utilities and Transportation on Dec. 5 determined that the proposed merger deal between Canada-based Hydro One Limited and Washington-based Avista Corporation does not fully protect the U.S. company or its customers from political and financial risk. After Ontario’s general election in June, an agreement between the province and Hydro One resulted in the…
DetailsThe Connecticut Public Utilities Regulatory Authority issued an interim decision on Dec. 5 finding that Dominion Energy Inc.’s 2,100-megawatt Millstone nuclear plant is “at risk of retirement,” a determination that could allow the facility to compete for long-term contracts with zero-carbon resources such as wind, solar and hydropower. The Connecticut Department of Energy and Environmental…
DetailsThe establishment of an ethane storage and distribution hub in Appalachia benefit the broader petrochemical and plastics industries, according to a Dec. 4 report from the U.S. Energy Department. The report, prepared at the request of Congress, examines the feasibility of developing an ethane hub, based on the abundant low-cost resource from the Marcellus and…
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