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By Suzanne Herel Exelon said Wednesday that first-quarter profit exceeded expectations, in part due to strong performances by PECO, Baltimore Gas and Electric and Constellation Energy. The company reported earnings of $693 million ($0.80/share) compared with $90 million ($0.10/share) a year earlier. Excluding certain items, the company delivered a per-share...
Delmarva Customers May Have to Wait Months for One-Time Credit Exelon has promised $40 million for one-time customer credits in Delaware as part of a settlement to get approval for its takeover of Pepco Holdings Inc., but there is no telling when customers will see the credit. Public Service Commission spokesman...
Delaware Regulators Near Settlement; More Join Opposition in DC
Apr 14, 2015
By Suzanne Herel Supporters and critics of Exelon’s proposed $6.8 billion takeover of Pepco Holdings Inc. are churning out newspaper opinion pieces, resolutions and public relations campaigns as the last holdouts to the deal approach deadlines to render decisions. Delaware regulators last week agreed on a final settlement but will...
ComEd Smart Grid Bill Becomes Law Republican Gov. Bruce Rauner has approved a bill allowing Commonwealth Edison and Ameren Illinois to avoid legislative review of a sweeping grid modernization program until 2019 instead of 2017. Critics, including the Citizens Utility Board, worry that the move will allow the utilities to...
By Suzanne Herel PJM and utility officials said yesterday they are still investigating what caused the failure of a 230-kV transmission line that briefly cut power to the White House and much of the D.C. area Tuesday afternoon. The incident caused a drop in voltage that led the Calvert Cliffs...
Judge Hears Arguments on Gas System Expansion Lawsuit A Superior Court judge this week heard arguments as to why he shouldn’t allow a lawsuit against the state Department of Energy and Environmental Protection (DEEP) to go forward. The Connecticut Energy Marketers Association, which represents the fuel oil industry, sued DEEP...
By Suzanne Herel Crane at the DC PSC on Monday. Exelon would retain Pepco Holdings Inc.’s D.C. headquarters, not forcibly reduce the workforce for at least two years and match any commitments it has made to New Jersey, Delaware and Maryland if it is permitted to buy Pepco in a...
Little Rock Operations Center Opened to Serve MISO’s Southern Expansion MISO has opened a $22 million regional operations center in Little Rock. The 50,000-square-foot facility works in concert with MISO’s control facilities in Carmel, Ind., and Eagan, Minn. The facility was needed after MISO expanded its territory into the Gulf...
PSC Approves Increase in Bloom Energy Subsidy The Public Service Commission has approved an increase in the subsidy that Delmarva Power customers pay to fuel cell manufacturer Bloom Energy. The surcharge, adjusted periodically, will cost a typical customer about $4.34 a month. Bloom Energy enjoys a 21-year deal under a...
By Rich Heidorn Jr. WASHINGTON — About 10 protesters were led or carried out of the Federal Energy Regulatory Commission’s open meeting Thursday after defying the commission’s “no interruptions” rule with chants of “Stop construction at Cove Point!” Last week, the commission issued an order saying it no longer will...
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