The Hawaii Public Utilities Commission approved performance incentive mechanisms, scorecards, and metrics as part of its performance-based regulatory framework for the Hawaiian Electric Companies. The framework was created on Dec. 23, 2020, aiming at becoming a system that rewards “utility for exemplary performance,” while reducing utility costs for customers, and moving towards more renewable energy…....
U.S.energy consumption totaled 92.9 quadrillion British thermal units in 2020, a record 7 percent decrease from 2019, according to a June 4 report from the U.S. Energy Information Administration. Renewable energy consumption increased by 2 percent, whereas all other fuels decreased: coal by 19 percent, petroleum by 13 percent, natural gas by 2 percent, and…...
Texas Governor Greg Abbott, a Republican, signed legislation on June 8, calling for comprehensive reforms aimed to prevent the recurrence of the mid-February winter storm event that caused widespread power outages across the state. Among the key provisions, the bill addresses winterization of power and gas facilities, establishes a power outage alert system, and establishes…...
The District of Columbia Public Service Commission on June 4 approved a multi-year rate plan for Potomac Electric Power Company, authorizing a revenue increase of $108.6 million spread over three years through 2023. The approval represents a 33 percent reduction from the company’s initial request and includes $11.4 million of shareholder-funded benefits. The rate plan,…...
