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April 16, 2024

Rochester Gas & Electric Corp. (RG&E)

Avangrid
FERC Orders Settlement Procedures on NY Utilities’ Tx ROE Filing
FERC ordered two New York utilities into settlement procedures over their proposed 10.87% ROE on upgrades to meet the state’s renewable energy goals.  
New York state Department of Public Service
Electric Reliability and Safety Continue to Improve in NY
Frequency and duration of power outages decreased in New York in 2022 outside of major storms, but one utility missed its target for the fourth year in a row.
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.
Mahopac Volunteer Fire Department
NY PSC Accepts NYSEG Proposal to Address Gas Leak Fire
NYSEG faces a $250,000 fine for each violation and their Sampling Plan addresses the public safety and remedial issues raised in the PSC investigation.
NYC.GOV
New York Utilities Report Slow Start to EV Fast Charging
New York’s IOUs reported a slow rollout of EV fast-charging stations under the state’s $701 million incentive program to build 50,000 stations by 2025.
NYPSC Approves Cooling Relief for New Yorkers
The New York PSC approved more than $70 million in electric bill relief over the summer for low-income Con Ed customers in NYC and Westchester County.
NYPSC Refines Value Stack, Boosts Community DG
The New York PSC modified its VDER compensation policy and authorized $43 million in state funding for solar and community distributed generation projects.
NY DPS Webcast
NY Fine-tuning CES; Phasing out EE Program
New York is fine-tuning its Clean Energy Standard (CES) and closing the books on the energy efficiency programs used since 2008.
Avangrid Q1 Net Income up 13% on NY, Conn. Rate Hikes
Avangrid reported consolidated net income of $239 million ($0.77/share), compared with $212 million ($0.69/share) for the same period in 2016.

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