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. The campaign supporting the initiative,…
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 over the next 10 years…
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 and rip off residential customers,’”…
$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 Kentucky Power, announced that it…
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 in Ohio and seven solar…
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 Energy and The United Illuminating…
US Power Plant Firm Goes Bankrupt After Winter Storm Penalties March 31, 2023 Lincoln Power LLC, the owner of two Illinois power plants, filed for bankruptcy after its financial strain was exacerbated by nearly $39 million in penalties levied by the biggest US electric-grid operator. The Chapter 11 filing allows Lincoln, a unit of Carlyle…
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 unnecessary and unfair. The price…
Xcel Energy will cut Colorado bills again in April as natural gas costs continue to fall Mar 14, 2023 Xcel Energy is again cutting natural gas costs passed through to consumers starting with April bills, the third price decrease announced in two months, even as a special legislative committee pursues hearings on spikes that overwhelmed…
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 a utility should own such…
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 transition investment trends. Investments in…
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 state’s system of electric utility…
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