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September 17, 2024

Company News

Exelon-Backed Bill Proposes Surcharge to Fund Illinois Nukes
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.
Company Briefs
News briefs on companies doing business with RTOs. This week we include Duke, Dominion, Ameren and Exelon.
Virginia Governor Signs Dominion Rate Freeze Bill
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, Public Systems Reach ROE Settlement
Niagara Mohawk Power has agreed to reduce its return on equity in a settlement with groups representing public power and municipal utilities.
Pepco Q4 Earnings Down; Up for Year
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.
Ex-Minnesota Commissioner Joins MISO
Former Minnesota Public Utilities Commission Chairman David C. Boyd has joined MISO as vice president of government and regulatory affairs.
FirstEnergy Exec Alexander Retiring as Company Posts Q4 Loss
Former FirstEnergy CEO Anthony Alexander announced last week that he will retire just before the company released its year-end earnings report.
Exelon Sweetens the Deal for DC in Pepco Takeover
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 Q4 Profits More than Double over 2013
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.
Company Briefs
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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