The Rhode Island Public Utilities Commission on Aug. 24 approved a settlement cutting National Grid plc’s one‐year base rate request by 75 percent and lowering the company’s allowed return‐on‐equity to 9.275 percent from the current 9.5 percent. The agreement slashes the company’s originally requested revenue hike by about $54 million and refunds all the benefits…
DetailsThe Federal Energy Regulatory Commission on Aug. 23 rejected Southern California Edison Company’s proposal to curtail electricity delivery for customers with energy storage devices before considering other retail and wholesale users, in order to maintain system reliability during periods of high demand. The commission said it would be unduly discriminatory to treat storage customers differently…
DetailsPublic Service Company of New Mexico filed a request to join the Western Energy Imbalance Market on Aug. 22, noting that a transition to the system’s more flexible supply resources could see benefits soar to $21 million by 2024. Public Service Company of New Mexico said that it seeks to use the imbalance market’s intra-hour…
DetailsThe North Carolina Utilities Commission on Aug. 21 authorized a permit for Recurrent Energy LLC’s 75-megawatt solar facility in Cabarrus County, North Carolina. The project, expected to come online this year, has a 10-year power purchase agreement with Duke Energy Carolinas LLC. In May, Recurrent announced it has closed $106.7 million in financing for the…
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