New Jersey

RSS

Constellation, Bloom Energy Begin Microgrid Construction The City of Hartford, Constellation and Bloom Energy have started construction of an 800-kW fuel cell microgrid that will provide 100% of the electricity for a school, a library, a senior center and a health clinic during nonemergencies. It will also provide emergency power to...

ISO-NE Launches 2016 Regional Electricity Outlook New England’s power grid is on course to becoming a hybrid system in the next decade, where up to 20% of its resources are provided by retail customers or by local distribution utilities, according to ISO-NE’s 2016 Regional Electricity Outlook. Among the report’s highlights:...

By Suzanne Herel Exelon closed its $6.8 billion acquisition of Pepco Holdings Inc. on Wednesday, after the D.C. Public Service Commission approved the merger 2-1 on terms it crafted itself. Two years in the making, the deal will rank Exelon as the largest utility in the country by number of...

GSA: Reject Exelon Path to Merger The General Services Administration, Pepco Holdings Inc.’s biggest customer in the district, joined the chorus opposing Exelon’s revised merger proposal last week while the two companies continued their advertising campaign seeking approval. In a filing Thursday, the GSA urged the Public Service Commission to...

RGGI Auctions Competitive, Potomac Economics Says The Independent Market Monitor for the Regional Greenhouse Gas Initiative found no evidence of anti-competitive behavior in the secondary market for CO2 allowances in the fourth quarter of 2015, according to a recent report. Part of Potomac Economics’ ongoing monitoring of RGGI auctions and the secondary...

By Suzanne Herel Exelon’s proposed acquisition of Pepco Holdings Inc. looked in doubt Tuesday as D.C. Mayor Muriel Bowser and the Office of the People’s Counsel announced their opposition to revised terms set out by the Public Service Commission last week. The two are among nine settling parties that must...

NIPSCO Settles for Lower Dollar Amount in Fixed Rate Hike Agreement Northern Indiana Public Service Co. and the Office of Utility Consumer Counselor reached a settlement on a 5.4% rate increase, less than half the 11% boost that the utility sought in its initial filing. The settlement would set the monthly...

By Ted Caddell Dynegy and private equity firm Energy Capital Partners announced Thursday they are buying the U.S. fossil fuel generation portfolio of French utility ENGIE, a total of 8,731 MW in PJM, ISO-NE and — in a first for Dynegy — ERCOT. The deal is valued at $3.3 billion.

By Suzanne Herel, Michael Brooks and Ted Caddell WASHINGTON — A split D.C. Public Service Commission said today it would approve Exelon’s $6.8 billion acquisition of Pepco Holdings Inc. in return for additional concessions beyond those negotiated by Mayor Muriel Bowser. If Exelon and Pepco agree to a revised settlement...

By Rich Heidorn Jr. and Michael Brooks WASHINGTON — Lawyers for Maryland and Competitive Power Ventures got little support from Supreme Court justices during oral arguments in their federal-state jurisdiction case Wednesday. The justices also interrogated Paul Clement, attorney for Talen Energy Marketing, which challenged Maryland’s deal for CPV’s combined...