Virginia lawmakers approved legislation on March 5 that requires the State Corporation Commission to determine the amortization period for the recovery of any costs associated with the early retirement of coal and natural gas generation. The commission is tasked with performing an independent analysis of economic factors pertaining to the operation of each electric utility’s…...
Democratic Governor Andrew Cuomo on March 16 announced the selection of 21 large-scale solar, wind, and energy storage projects totaling 1,278 megawatts in the state’s latest annual solicitation for large-scale renewable energy capacity. The awards, which represent $1 billion in state investment, include projects that offered bids 23 percent lower than those received three years…...
The New York State Board on Electric Generation Siting and the Environment on March 13 granted a permit, allowing Canisteo Wind Energy LLC, a subsidiary of Invenergy LLC, to construct a 290.7-megawatt wind generating facility in Steuben County. The project is expected to generate up to $60 million in local property tax revenues over 20…...
Georgia Power Company seeks to reduce fuel rates by about 16 percent, driven primarily by projected decreases in natural gas prices, according to a March 9 filing with the Georgia Public Service Commission. The change would lower monthly residential bills by 4 percent or $5 for a customer using 1,000 kilowatt-hours per month, beginning June…...
