Consolidated Edison (Con Ed)
Con Ed reported its second-quarter net income dropped almost one-third from a year ago, mainly reflecting changes in rate plans and regulatory charges.
The NYPSC rejected requests to halt its ongoing investigation into the pricing practices of energy service companies (ESCOs).
The New York PSC approved an indefinite extension for Consolidated Edison’s demand management program in Brooklyn and Queens.
Con Edison reported first-quarter revenues up across its operations, with results reflecting regulatory charges and changes in rate plans.
NYISO achieved a wind energy record of 1,574 MW at around noon on March 2, representing 9% of the state’s power generation.
In its approval of the Consolidated Edison rate plan, the New York PSC also passed an order that advanced the Reforming the Energy Vision initiative.
The NYISO Management Committee approved an agreement with PJM to end the 1,000-MW Con Ed-PSEG wheel next year while maintaining an operational base flow of 400 MW.
Rockland Electric argues that the PJM proposal to allow aggregation of seasonal resources won't help demand response and solar resources.
At last week's PJM Operating Committee, PJM and NYISO released last week their joint whitepaper on replacing the Con Ed-PSEG wheel, which will end May 1.
PJM will hold a meeting Monday to seek stakeholder input on options for replacing the Con Ed-PSEG “wheel.” NYISO meeting in September.
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