Company News
Exelon’s year-long lobbying campaign has won bipartisan backing for a bill that would charge Illinois electricity users a fee to ensure continued operation of three nuclear generators that the company says are unprofitable.
News briefs on companies doing business with RTOs. This week we include Duke, Dominion, Ameren and Exelon.
Virginia Gov. Terry McAuliffe signed a bill last week that suspends the SCC’s reviews of Dominion Virginia Power’s base rates for the next seven years.
Niagara Mohawk Power has agreed to reduce its return on equity in a settlement with groups representing public power and municipal utilities.
Pepco reported fourth-quarter earnings of $35 million ($0.14/share), a drop from the $58 million ($0.23/share) it earned for the same period last year.
Former Minnesota Public Utilities Commission Chairman David C. Boyd has joined MISO as vice president of government and regulatory affairs.
Former FirstEnergy CEO Anthony Alexander announced last week that he will retire just before the company released its year-end earnings report.
In a bid to win D.C.’s approval of its takeover of Pepco, Exelon last week more than doubled the amount of customer credits it is offering.
PSEG reported fourth-quarter net income of $476 million ($0.94/share), more than double the $200 million ($0.39/share) for the same quarter in 2013.
News briefs on companies doing business with RTOs. This week we include Ameren, NextEra, Xcel, Calpine, Exelon, PPL, NRG, PSEG, Dynegy and AEP.
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