Retail electricity prices for customers enrolled with competitive suppliers in the New England region are less volatile compared to wholesale power prices, although temporary price hikes occur when wholesale prices experience the largest increases, according to an Oct. 31 report from the U.S. Energy Information Administration. All the New England states except Vermont have deregulated…
DetailsThe Indiana Utility Regulatory Commission approved a settlement increasing Indianapolis Power & Light’s annual revenues by about $43.9 million, resulting in a $5.18 hike in monthly residential bills, according the agency’s Oct. 31 press release. In February, the utility lowered its revenue request to $96.7 million from its initial request of $124.5 to account for…
DetailsNorthern Indiana Public Service Company LLC, a subsidiary of NiSource Inc., on Oct. 31 filed its 2018 integrated resource plan with the Indiana Utility Regulatory Authority, detailing a strategy to retire its coal-fired generation portfolio over the next decade and transition to more cost-efficiency renewable energy. The resource plan charts a path to meet customer…
DetailsMassachusetts electric and gas utilities on Oct. 31 filed a joint energy efficiency plan with the Massachusetts Department of Public Utilities proposing an investment of $2.77 billion over three years from 2019 to 2021. The proposal seeks to invest over $200 million more in the new plan compared to the prior three-year period and achieve…
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