California reject bill to crackdown on how utilities spend customers’ money April 22, 2024 California lawmakers on Monday rejected a proposal aimed at cracking down on how some of the nation’s largest utilities spend customers’ money. California’s investor-owned utilities can’t use money from customers to pay for things like advertising…
Tri-State G&T faced with co-ops leaving and a stalled rate increase sees bond ratings drop
Tri-State G&T faced with co-ops leaving and a stalled rate increase sees bond ratings drop Energize Weekly, April 10, 2024 Facing the departure of four member cooperatives and the failure to get federal regulators to approve a rate increase, Tri-State Generation and Transmission Association bonds were downgraded by two rating…
California Public Utilities Commission proposes to cut electricity rates
California Public Utilities Commission proposes to cut electricity rates Mar 29, 2024 Paying the electric bill is a year-round struggle for many people in San Diego. But now, there’s a proposal at the state level to drastically slash rates. The California Public Utilities Commission is looking at a proposal to…
Maine’s Versant Power proposes changes to its distribution rates
Maine’s Versant Power proposes changes to its distribution rates March 08, 2024 Maine’s Versant Power has filed a plan with regulators to change its distribution rates in 2025. If approved, the average residential customer using 500 kilowatt-hours per month would see an increase of about $12 per month. A customer…
US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire cost
US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire costs February 26, 2024 The U.S. government is threatening to sue PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, to recover nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern…
Eversource seeks 19% rate hike on CL&P customers
Eversource seeks 19% rate hike on CL&P customers February 15, 2024 Eversource filed a request Thursday for a $784 million rate adjustment that would bump its Connecticut Light & Power electric rates by nearly 19%, costing an average residential customer an additional $38 a month on May 1. The United…
To lower energy costs, California wants to tie bills to income. That plan is making enemies
To lower energy costs, California wants to tie bills to income. That plan is making enemies February 12, 2024 California is already home to some of the highest energy costs in the country, and those prices are only expected to rise as the state powers more of its economy with…
Global investment in clean tech and energy transition reached a record $1.8 trillion in 2023
Global investment in clean tech and energy transition reached a record $1.8 trillion in 2023 Energize Weekly, February 7, 2024 Global investments in the energy transition from fossil fuels to clean tech climbed 17 percent in 2023 to a record $1.8 trillion, according to a study by the energy research…
FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op
FERC sets exit fee formula ending four-year battle between Tri-State G&T and its largest co-op Energize Weekly, January 3, 2024 After a four-year battle over how much it will cost the Colorado electric cooperative United Power to leave its wholesale power provider, Tri-State Generation and Transmission Association, federal regulators settled…
Giant batteries drain economics of gas power plants
Giant batteries drain economics of gas power plants November 21, 2023 Giant batteries that ensure stable power supply by offsetting intermittent renewable supplies are becoming cheap enough to make developers abandon scores of projects for gas-fired generation world-wide. The long-term economics of gas-fired plants, used in Europe and some parts…
PacifiCorp now wants protection from fire victims
PacifiCorp now wants protection from fire victims November 10, 2023 Oregon’s second-largest electricity provider wants state regulators to protect it from the costs of future lawsuits seeking reimbursement from destructive wildfires. The Oregonian reported that PacifiCorp’s request to the Public Utility Commission (PUC) was made just months after the utility…
Duke Energy says sale of commercial solar and wind businesses signals a ‘new era’
Duke Energy says sale of commercial solar and wind businesses signals a ‘new era’ November 2, 2023 Duke Energy executives say the company is now in a “new era” after it sold off its two unregulated commercial renewable energy businesses last month. That leaves Charlotte-based Duke as a fully regulated…
Seattle City Light to raise rates after it burns through cash reserves
Seattle City Light to raise rates after it burns through cash reserves Oct. 12, 2023 Seattle City Light will raise rates in January to recoup millions of dollars it lost during a particularly poor year of hydropower production, mostly attributed to dry, warm weather and a wildfire that disrupted dam…
The problem with making green hydrogen to fuel power plants
The problem with making green hydrogen to fuel power plants 10 October 2023 Today, utility Florida Power & Light will begin operations at its Cavendish NextGen Hydrogen Hub, one of the country’s first green hydrogen facilities. The 25-megawatt project will use solar power to split water into oxygen and hydrogen…
Utility stocks take a beating amid rising rates
Utility stocks take a beating amid rising rates October 3, 2023 Utility stocks took a breather on Tuesday following the sector’s worst daily performance since April 2020. The SPDR S&P 500 Utility Sector ETF (XLU) fell 4% on Monday and recovered to end the next day higher. Year-to-date the ETF…
Hawaiian Electric Industries Hires Utility Bankruptcy Expert As CFO
Hawaiian Electric Industries Hires Utility Bankruptcy Expert As CFO September 20, 2023 A utility dealmaker with experience in mergers, restructuring and bankruptcy will become chief financial officer for Hawaiian Electric Industries next month as HEI and its subsidiaries address legal, financial and political issues related to the deadly Maui wildfires.…
United Illuminating lawsuit claims electric rates approved by CT will force it to operate at a loss
United Illuminating lawsuit claims electric rates approved by CT will force it to operate at a loss Sep. 18, 2023 Arguing that an August decision by Connecticut regulators on utility rates will force it to operate at a loss, United Illuminating Co. filed a lawsuit on Monday in New Britain…
CMP accused of overspending $53.6 million in storm recovery efforts
CMP accused of overspending $53.6 million in storm recovery efforts Sep 8, 2023 Maine’s advocate for utility customers wants state regulators to withhold more than $50 million that it says Central Maine Power Co. overspent in violation of staffing guidelines when restoring power to customers during a dozen storms in…
Losing member co-ops, Tri-State seeks to sell its electricity on the wholesale power market
Losing member co-ops, Tri-State seeks to sell its electricity on the wholesale power market Energize Weekly, September 13, 2023 Tri-State Generation and Transmission Association, a wholesale power supplier for rural electric cooperatives, is seeking to sell excess power on the open market as it loses some of its biggest members.…
FirstEnergy subsidiaries file settlement with the Pennsylvania PUC
FirstEnergy subsidiaries file settlement with the Pennsylvania PUC September 05, 2023 FirstEnergy Corporation’s announced Thursday its subsidiaries – Met Ed, Penelec, Penn Power, West Penn Power, Keystone Appalachian Transmission Company (KATCO), and Mid-Atlantic Interstate Transmission, LLC (MAIT) – had filed settlement agreements with the Pennsylvania Public Utility Commission (Pa PUC)…
APS says rate hike vital to keep homes in Phoenix powered, recover infrastructure costs
APS says rate hike vital to keep homes in Phoenix powered, recover infrastructure costs Aug 4, 2023 As a rate increase for Arizona Public Service customers is on the horizon, the president of the company said it is necessary to recover infrastructure costs and to continue powering Phoenix homes. Regaining…
Maine’s electric rates expected to rise through 2024 until solar subsidies ease
Maine’s electric rates expected to rise through 2024 until solar subsidies ease July 13, 2023 Mainers can expect more rate hikes for electricity through the end of next year until the solar subsidies that have driven up rates for consumers wind down. The Legislature is reining in its costly net…
Avangrid agrees to pay $48m to terminate offshore wind deal
Avangrid agrees to pay $48m to terminate offshore wind deal Jul 17, 2023 Avangrid and the State’s three major utilities on Monday agreed to terminate a power purchase agreement they signed just last year, with the offshore wind developer agreeing to pay a total of $48 million to put the…
Xcel Energy seeks $45M rate increase — down from $312M — amid consumer outrage over rising bills
Xcel Energy seeks $45M rate increase — down from $312M — amid consumer outrage over rising bills Jul 11, 2023 Xcel Energy filed a plan for a $312 million electricity rate increase last year, but as hearings on the bill hike open this week at the Colorado Public Utilities Commission…
City eyes recent land purchase for power plant
City eyes recent land purchase for power plant June 28, 2023 In April, the City of Mesa finalized a deal to purchase 9 acres of vacant land at the northeast corner of University and Stapley drives from the U.S. Government for $2.6 million. In the quitclaim deed transferring the property…
Constellation Energy in Deal to Buy NRG’s Stake in South Texas Nuclear Project
Constellation Energy in Deal to Buy NRG’s Stake in South Texas Nuclear Project June 4, 2023 Constellation Energy is acquiring NRG Energy’s 44 percent stake in the 2,645-megawatt South Texas Project nuclear plant in Texas. The transaction is valued at $1.75 billion, with an effective purchase price of $1.4 billion…
Xcel Energy will ask state regulators to reconsider electric rate hike
Xcel Energy will ask state regulators to reconsider electric rate hike June 2, 2023 Xcel Energy says it will ask state regulators to reconsider their decision to grant a far-smaller increase in electric rates than the utility requested. On Thursday, the Minnesota Public Utilities Commission approved a rate increase for…
FPL proposes another rate reduction beginning in July
FPL proposes another rate reduction beginning in July May 19, 2023 After an initial rate reduction early on in May, Florida Power & Light is proposing another rate decrease, this time a $256 million cut to take effect in July. “This is more positive news for our customers,” said Armando…
Three Wisconsin utilities apply for rate hikes in 2024, citing renewable energy construction costs
Three Wisconsin utilities apply for rate hikes in 2024, citing renewable energy construction costs May 15, 2023 Three utilities have submitted proposals to the Public Service Commission of Wisconsin to increase rates in 2024, and consumer advocates worry about how rate hikes could affect customers. Those utilities are Alliant Energy,…
Initiative to create a consumer-owned electric utility and replace CMP and Versant will appear on Maine 2023 ballot
Initiative to create a consumer-owned electric utility and replace CMP and Versant will appear on Maine 2023 ballot May 9, 2023 An initiative to create a municipal consumer-owned electric transmission and distribution utility, replacing Central Maine Power and Versant Power, will be on the Maine ballot on Nov. 7, 2023.…
Duke Energy’s Impact Report details progress toward ESG, business goals
Duke Energy’s Impact Report details progress toward ESG, business goals May 01, 2023 Duke Energy released a report that outlines its approach to sustainability and its progress on strategic business priorities and goals. Among the key points in Duke’s Impact Report, the company said its planned investment of $145 billion…
California Republicans blast fixed-rate power bill proposal as ‘crazy’
California Republicans blast fixed-rate power bill proposal as ‘crazy’ Apr 24, 2023 California Republicans are asking state regulators to reject a proposal by California’s three largest power companies to create a fixed rate for services based on household income. “The ‘fixed-charge’ proposal is nothing but a shameful attempt to exploit…
$2.8 billion sale of Eastern Kentucky power company will not go forward
$2.8 billion sale of Eastern Kentucky power company will not go forward APRIL 17, 2023 The previously announced sale of Kentucky Power, the utility company that serves a large portion of Eastern Kentucky, has been canceled, the company announced Monday. In December 2021, American Electric Power, the parent company of…
Appalachian Power files to approve use of renewable energy facilities
Appalachian Power files to approve use of renewable energy facilities March 31st 2023 Appalachian Power, along with Wheeling Power, has requested to recover costs connected to renewable energy projects within service areas. The request was filed Friday with the Public Service Commission of West Virginia and includes a wind facility…
Electric prices for Connecticut residents likely to drop dramatically during the second half of 2023
Electric prices for Connecticut residents likely to drop dramatically during the second half of 2023 April 3, 2023 After three months of paying dramatically higher electric rates, there may be some relief coming this summer for a majority of Connecticut electric customers. The state’s two largest electric distribution companies, Eversource…
Power rate hike rebate during winter storms possible, court ruling reveals
Power rate hike rebate during winter storms possible, court ruling reveals March 20, 2023 When the temperatures dropped during Winter Storm Uri in 2021, prices for electricity went up. The bills that followed provided a shock that energy analysts like Ed Hirs, a University of Houston energy fellow, described as…
Minnesota utility proposes $192M EV charging station network
Minnesota utility proposes $192M EV charging station network March 6, 2023 A Minnesota utility’s proposal to deploy around 730 EV charging stations while raising rates has encountered opposition from the state department of commerce, rate payers and other parties, according to a startribune.com report. Opponents of the plan question whether…
Global bank financing for low-carbon energy rose 15 percent to $550 billion in 2022
Global bank financing for low-carbon energy rose 15 percent to $550 billion in 2022 Energize Weekly, March 8, 2023 Investments in low-carbon energy supply rose by 15 percent in 2022 – the fastest growth rate in seven years – to $550 billion, according to BloombergNEF’s (BNEF) annual report on energy…
General Assembly deal sets Dominion profits for two years while overhauling regulatory system
General Assembly deal sets Dominion profits for two years while overhauling regulatory system FEBRUARY 25, 2023 The decision came down to the wire, but on Saturday afternoon Gov. Glenn Youngkin’s office and the General Assembly reached a deal on sweeping legislation to adjust Dominion Energy’s profit margin and reform the…
Judge dismisses lawsuit over TVA’s long-term deals
Judge dismisses lawsuit over TVA’s long-term deals Feb. 7, 2023 A federal judge has dismissed a lawsuit by environmental groups that challenged how the nation’s largest public utility signs up local power providers for two-decade contracts. A ruling by U.S. District Judge Thomas L. Parker in Memphis last week sided…
Renewable tax credits and changes on the grid are making most coal-fired plants uneconomical
Renewable tax credits and changes on the grid are making most coal-fired plants uneconomical Energize Weekly, February 8, 2023 A combination of new federal incentives for renewable generation and a shift in the way electric grids are managed has led to a point where it is more expensive to operate…
PUC approves electric market redesign in ‘big step for ERCOT’
PUC approves electric market redesign in ‘big step for ERCOT’ Jan 19, 2023 The Public Utility Commission of Texas on Thursday approved a redesign of the state’s electric market, recommending a new model they said will improve grid reliability, but critics said could pass more costs onto the consumer. The…
Puerto Rico to privatize power generation amid outages
Puerto Rico to privatize power generation amid outages January 15, 2023 Puerto Rico announced Sunday that it plans to privatize electricity generation, a first for a U.S. territory facing chronic power outages as it struggles to rebuild a crumbling electric grid. The move marks the beginning of the end for…
AEP Ohio asking for rate increase to boost system reliability after last summer’s storms
AEP Ohio asking for rate increase to boost system reliability after last summer’s storms Jan. 6, 2023 Several months after powerful storms whacked AEP Ohio’s transmission system and forced the power company to turn off electricity to some Columbus-area neighborhoods to avoid a larger power loss, AEP is now asking…
Colorado co-ops say Xcel Energy mismanaged natural gas supplies during 2021 storm
Colorado co-ops say Xcel Energy mismanaged natural gas supplies during 2021 storm Energize Weekly, January 11, 2023 The fallout from the soaring natural gas prices created by Winter Storm Uri in 2021 continues as four rural Colorado electric cooperatives have filed a complaint with federal regulators saying they were overcharged…
Pleasants Power Purchase Under Consideration in West Virginia PSC Order
Pleasants Power Purchase Under Consideration in West Virginia PSC Order JAN 3, 2023 An order from the West Virginia Public Service Commission last week approving rate increases for two power companies also included a provision for those companies to evaluate the possible purchase of the Pleasants Power plant. In an…
PG&E wildfire and catastrophe proposal may trigger higher monthly bills
PG&E wildfire and catastrophe proposal may trigger higher monthly bills December 19, 2022 Higher monthly bills might jolt PG&E customers due to the utility’s request that state regulators allow the company to collect more revenue for its spending linked to wildfires and catastrophes. PG&E wants to recover costs that arose…
Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says
Wholesale on-peak electricity rates set to jump this winter by as much as 60 percent, EIA says Energize Weekly, December 14, 2022 On-peak wholesale and retail electricity prices are set to rise across the country this winter, with some regional wholesale rates jumping as much as 60 percent compared to…
Duke Energy Kentucky files request for rate adjustment with public service commission
Duke Energy Kentucky files request for rate adjustment with public service commission December 05, 2022 Duke Energy Kentucky recently filed a request with the Kentucky Public Service Commission (PSC) to review its electric distribution rates and approve a rate adjustment. Overall, the company has proposed an adjustment that includes a…
Georgia Power’s long campaign for state approval to sign off on a 12% rate hike nears final showdown
Georgia Power’s long campaign for state approval to sign off on a 12% rate hike nears final showdown November 28, 2022 The final several weeks of Georgia Power’s $2.9 billion rate case will determine whether state regulators sign off on plans for customers to pay hundreds of dollars more per…
