July 16, 2024

Orange and Rockland Utilities (O&R)

Con Edison
ConEd to Invest $20B in Tx and Climate Resiliency Through 2028
Consolidated Edison will invest nearly $20 billion over the next four years in transmission infrastructure as part of its Reliable Clean City initiative and to mitigate climate vulnerabilities.
The White House
NY Utilities to Seek $900M from DOE
Six utilities have indicated they will apply for federal loans and grants totaling roughly $900 million made available from the IIJA and IRA.
New York Utilities
NY Utilities Propose Plan to Coordinate Decarbonization Efforts
Seven N.Y. utilities filed a proposal aiming to help develop a "fully decarbonized electric system” by improving grid planning coordination among stakeholders.
Con Edison
Con Edison 2021 Earnings Jump 22%
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.
NYPSC OKs First Rate Increases Since COVID Outbreak
The NYPSC ruled on its first major electric rate case since the pandemic struck, approving three-year phased increases for NYSEG and RG&E.
NYPSC Dings Utilities for 2018 Reliability, Safety
Four of New York’s utilities will collectively see their revenues reduced by $7 million for failing to meet reliability and customer service requirements.
NYPSC Approves $32 Million for EV Fast Chargers
New York regulators authorized utilities to spend $31.6 million to build fast-charging EV stations and recover costs from ratepayers over seven years.
NYPSC Order Seeks to Refine, Standardize DR Programs
The New York Public Service Commission (NY PSC) voted to maintain current incentive payment rates for utilities’ demand response programs through 2017.
NYPSC Directs NYISO to Seek Tx Bids
The NYPSC declared a public policy need for $1.2 billion in transmission upgrades and recommended finalists to make competitive bids to NYISO.
Utilities: Removal of Net Metering Caps Violates Law
New York utilities challenged an order by regulators to temporarily remove the 6% cap on net metered solar-powered systems.

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