Rochester Gas & Electric
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.
The New York PSC modified its VDER compensation policy and authorized $43 million in state funding for solar and community distributed generation projects.
New York is fine-tuning its Clean Energy Standard (CES) and closing the books on the energy efficiency programs used since 2008.
Avangrid reported consolidated net income of $239 million ($0.77/share), compared with $212 million ($0.69/share) for the same period in 2016.
A Rochester-area farm family scored unusual concessions when New York regulators approved a plan for a substation and transmission lines that removed previously approved facilities from their property.
Exelon (NYSE:EXC) said it will close its Nine Mile Point 1 nuclear plant next spring if New York has not guaranteed it a financial lifeline by September.
NYPSC Chairwoman Audrey Zibelman defended the commission's approval of protections for retail electric customers, saying they are needed to combat deceptive practices.
Avangrid released its first-ever earnings results, showing net income of $267 million for 2015.
New York regulators OK'd a contract to keep the struggling R.E. Ginna nuclear power plant operating through March 2017.
The R.E. Ginna nuclear plant and Rochester Gas & Electric have reached an agreement to provide a financial lifeline for the plant through March 2017, 18 months earlier than originally proposed.
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