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Pepco Gets About Half Of Requested Rate Increase The Public Service Commission approved a $23.4 million distribution rate increase for Pepco, about half of the $44.8 million the utility had requested. The PSC also approved an overall 7.65% rate of return, which includes a 9.4% return on common equity, less than...
Bill Would Put Wind Farm Authority in State Hands John Sullivan State Sen. John Sullivan has introduced a bill to transfer responsibility for siting and regulating wind turbines from counties to states. Local governments would be able to conduct public hearings on proposed wind farms, but the state Department of Agriculture...
Record RGGI Price Shows Market Works: Delaware Collin O'Mara The Regional Greenhouse Gas Initiative’s latest carbon allowance auction, where prices rose by one-third after the allowance supply was tightened by 45%, shows “how market-based programs cost-effectively reduce carbon pollution, while driving investments in a clean-energy economy,” according to Collin O’Mara,...
RGGI Funds Set for Several Vehicle Charging Stations The state Department of Natural Resources and Environmental Controls and the University of Delaware plan to place electric vehicle charging stations at five or six locations in the state, with two chargers at each site. The program, with an $80,000 budget from proceeds...
By Kathy Larsen The Federal Energy Regulatory Commission was within its rights to approve PJM’s controversial capacity market rule changes in 2011, a somewhat reluctant federal appeals court ruled Feb. 20, rejecting challenges from New Jersey, Maryland and others. The court also upheld FERC’s approval of changes opposed by the...
Suzlon Could End Up With Big Sky Wind Farm Wind turbine manufacturer Suzlon Group could wind up owning the 240 MW Big Sky wind farm if negotiations between Midwest Generation and NRG Energy do not resolve a debt issue concerning the facility. Bankrupt Midwest Gen is selling assets, including Big Sky,...
ICC Demands ComEd Cut Consumption More Commonwealth Edison must do more for energy efficiency than it has proposed, the Illinois Commerce Commission ruled, requiring the utility to save 25,000 MWh a year more than it currently plans. Even so, ComEd would not come close to the 2% consumption cut that...
January’s sky high energy prices claimed its first casualty Friday as green energy retailer Clean Currents abruptly suspended service, returning its customers to their distribution utilities. Average on Peak Prices - Total LMP PJM RTO (Source: PJM Interconnection, LLC) “The recent extreme weather, which sent the wholesale electricity market...
Joseph Rigby Pepco Holdings Inc. Chairman and CEO Joseph Rigby announced yesterday he will step down as chief executive this year after a turbulent tenure marked by criticism over the company’s reliability. Frank Heintz, lead independent director of the Pepco board, said the company has hired executive search firm Russell...
Bill Requires PSC Members to Disclose Finances A bill requiring members of the Public Service Commission to file financial disclosure statements for public view went to the governor’s office for signature after the House of Representatives approved it last week. The Senate approved it in May. More: NewsDaily KENTUCKY Plants...
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