Consolidated Edison (Con Ed)
Eighty transmission proposals to interconnect New Jersey's offshore wind to PJM were submitted by 13 companies to the state's Board of Public Utilities.
The NYPSC got updates on how utilities are responding to pleas to improve billing practices and customer outreach after recent electric and gas bill surges.
FERC ruled that New York TOs can exercise a right of first refusal for transmission upgrades without being bound by other developers’ cost caps.
New York’s plan to increase its distributed solar target to 10 GW received wide support in comments to state regulators, with some caveats.
Consolidated Edison on Thursday reported 2021 net income of $1.35 billion ($3.86/share), up 22.3% compared with $1.1 billion ($3.29/share) the previous year.
Con Edison must resolve several regulatory concerns before being authorized to build a new substation in New York City dedicated to interconnecting offshore wind projects.
Con Ed reported to the New York PSC that its demand response programs increased slightly in megawatt value last year but dramatically in enrollment.
Con Ed has submitted a proposal for a 2.4-GW transmission “backbone” to the New Jersey BPU to bring offshore wind-generated electricity to the PJM grid.
Con Ed reported third-quarter net income of $538 million ($1.52/share), up 9.1% compared with $493 million ($1.47/share) in the same period a year ago.
NYPSC fined Con Edison $82 million over operating “imprudence” and emergency response violations, including for its response to Tropical Storm Isaias.
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