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The nine Northeastern and Mid-Atlantic states participating in the Regional Greenhouse Gas Initiative said their 28th auction of carbon dioxide allowances raised $85 million for investment in energy efficiency, renewable energy and other programs. More than 15.5 million allowances were sold at the clearing price of $5.50. Bids for the...

The Independent Market Monitor for the Regional Greenhouse Gas Initiative found no evidence of anti-competitive conduct in the CO2 allowance secondary market, according to its report. Potomac Economics found that the average transfer price of CO2 allowances during the first quarter of 2015 was $5.46, approximately 5% higher than in...

State Offers Incentives for Electric Vehicles The state is offering a cash rebate of up to $3,000 to buyers of electric cars. An incentive program offers customer rebates and will provide dealers with bonuses for selling electric or hydrogen vehicles. The incentive program is funded by $1 million that the...

By Rich Heidorn Jr. When Exelon announced its acquisition of Pepco Holdings Inc. last year, it appeared its biggest regulatory obstacles would be in Maryland and D.C., where most of Pepco’s customers reside. With last week’s narrow win in Maryland, and Delaware regulators unofficially on board, only the District’s approval...

Eversource, United Illuminating Rates Falling Eversource Energy customers will see a 35% drop in electric generation charges, to 8.228 cents/kWh from 12.629 cents/kWh beginning in July. United Illuminating residential generation charges will decrease about 31% to 9.18 cents/kWh from 13.3108 cents/kWh. For a typical customer who uses 750 kWh, the...

By Michael Brooks and Suzanne Herel The Delaware Public Service Commission on Tuesday unanimously approved Exelon’s $6.8 billion acquisition of Pepco Holdings Inc. “There is a whole list of very positive things in this agreement,” Chairman Dallas Winslow told The News Journal. The commission had delayed making its decision earlier this month when it...

Largest Fuel Cell Park Planned for Beacon Falls Developers have released plans to build the world’s largest fuel cell park at a former gravel pit in Beacon Falls. CT Energy & Technology would develop and own the 63.3-MW park, which would surpass the 59-MW Gyeonggi Green Energy park in South Korea...

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...

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...