Duluth electric utility owner Allete sold for $6.2 billion May 6, 2024 A Canadian pension board and a New York-based investment firm have agreed to purchase Allete, the parent company of Duluth-based utility Minnesota Power, for $6.2 billion. The partnership paid $67 per share to acquire Allete and plans to take the company private, pending…
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 their brand or lobbying for…
Bureau of Land Management finalizes rules for renewable energy projects on public lands April 15, 2024 The U.S. Bureau of Land Management (BLM) recently published its final rules regarding leasing and rental rates for renewable energy projects on public lands. The new rules will reduce rents and fees for renewable energy projects through 2035 and…
FirstEnergy gave $1 million to boost Ohio Lt. Gov. Jon Husted’s campaign before scandal, document shows April 10, 2024 A surge in FirstEnergy political spending ahead of the utility’s push to secure a legislative bailout for its nuclear power plants included a $1 million dark money contribution to support the campaign of Ohio Gov. Mike…
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 agencies. Fitch Ratings and Moody’s…
Lawmakers across the U.S., including in Md., seek to curb utility spending on politics, ads and more March 5, 2024 After a string of scandals and amid rising bills, lawmakers in statehouses across the country, including in Maryland, have been pushing legislation to curb utilities spending ratepayer money on lobbying, expert testimony in rate cases,…
Rebooted commission could breathe new life into bills challenging Virginia’s largest utility February 26, 2024 Virginia clean energy champions have their fingers crossed that members of a resurrected legislative commission won’t water down four utility-focused bills when they meet in the off-season to reshape the failed measures for next year’s General Assembly. The rebooted Commission…
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 Illuminating Company, an Avangrid subsidiary…
After referendum, Maine advocates and lawmakers look to bolster utility accountability and performance January 9, 2024 Following the defeat of a ballot measure that sought to replace Central Maine Power (CMP) and Versant with a consumer-owned power company, policymakers and advocates are looking to explore other ways of further regulating and improving service by the…
Energy cases to watch in 2024 01/02/2024 Energy regulators’ power to address planet-warming emissions is in the crosshairs in federal courts in 2024. In one of the year’s biggest cases, the Supreme Court could rein in the Federal Energy Regulatory Commission’s ability to use 50-year-old laws to take bold action on emerging problems like climate…
Refunds on horizon for Colorado solar customers facing utility delays, after thousands waited months to connect to the power grid this year DECEMBER 1, 2023 In a state known for its sunshine, Colorado homeowners have been struggling to go solar this year. The Colorado Public Utilities Commission found the utility company facing the majority of…
As Arkansas bows out of Entergy fight over Grand Gulf, Louisiana regulators dig in Nov 26, 2023 Utility regulators in Mississippi and Arkansas have both settled a contentious fight over Entergy’s alleged mismanagement of its massive Grand Gulf nuclear plant, after Arkansas abruptly accepted an offer it had rejected a year ago. But officials in…
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