AEP Settles Federal Issue by Reducing Transmission ROE Rate American Electric Power has agreed to reduce its return on equity (ROE) rate for its transmission investments in six eastern states and will make a one-time $50 million refund to customers this year, the utility announced. If the settlement is approved by Federal Energy Regulatory Commission, … Continue reading #AEP Settles Federal Issue by Reducing Transmission #ROE Rate
Virginia ruling sets stage for legal fight over power suppliers A ruling by Virginia utility regulators has lowered a barrier for businesses that want to bypass the state’s major utilities to buy power. The Virginia State Corporation Commission on Feb. 21 approved a request (pdf) by Reynolds Group Holdings to let it aggregate electricity use … Continue reading #Virginia ruling sets stage for legal fight over power suppliers
New Jersey legislature approves renewable energy target increase, zero-emissions credit program New Jersey lawmakers recently approved two sets of companion bills, one which increases the state’s renewable energy target and one that creates a zero-emissions credit program. The clean energy set of bills, A3723 and S2314, would increase the solar target and increase the overall … Continue reading #New_Jersey legislature approves renewable energy target increase, zero-emissions credit program
FirstEnergy: If feds don’t help us, more power plants will close. Trump’s thinking about it Losing millions of dollars a year at its power plants, Ohio-based FirstEnergy has asked the Trump administration for help. Though it may have the president’s ear, it’s unclear how much President Trump can do to help the company’s struggling coal … Continue reading #FirstEnergy : If #feds don’t help us, more power plants will close. Trump’s thinking about it
Moody’s: Let First Energy nuclear plants close hree planned nuclear plant closures in Ohio and Pennsylvania are an all-around positive for other power plant operators in their energy market, credit-rating giant Moody’s said Friday. Its new analysis suggests that letting the First Energy plants close as scheduled would raise prices for other power plants looking … Continue reading Moody’s: Let #First_Energy nuclear plants close
Lisa Madigan sues to shed light on alternative electricity supplier ‘fraud’ Attorney General Lisa Madigan filed suit Monday against an alternative electricity supplier for allegedly ripping off thousands of Illinois customers through high-pressure sales tactics that ultimately cost them $2.5 million more than if they’d stuck with ComEd. The lawsuit against Major Energy Electric Services … Continue reading Lisa Madigan sues to shed light on alternative electricity supplier ‘ #fraud ’
Biggest U.S. Electric Grid Has Plan to Keep Power Plants Afloat PJM proposes two-stage auction to keep prices competitive Asks federal regulator to make a decision by June 29 The largest U.S. electricity market is asking federal regulators for help in keeping useful power plants from an early retirement. Beset by complaints from producers that … Continue reading Biggest U.S. Electric Grid Has Plan to Keep Power Plants Afloat
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