Electric utilities
Baltimore Gas and Electric Company (BGE) has announced its plan to file for a 7.6 percent increase in natural gas operating revenues with the Maryland Public Service Commission. If approved, the rate increase would amount to $30 million and result in a monthly increase of $4.74 for the
Electric utilities
The Public Service Commission of Kentucky has approved a plan submitted by Louisville Gas and Electric Company (LG&E) to comply with ongoing federal, state, and local environmental standards. This plan will result in a slight increase in customers' bills, with a typical residential customer's bill
Electric utilities
Public Service Co. of New Mexico's (PNM) EIP Funding Corp. secured lease obligation bonds have been upgraded by Duff & Phelps Credit Rating Co. from "BB-" to "BB". The preferred stock has also been upgraded from "CCC" to "B". Approximately
Electric utilities
The US Department of Energy, 38 investor-owned electric utilities, and the Tennessee Valley Authority have signed voluntary accords to reduce greenhouse gas emissions by 41 million metric tons. This is the largest industry contribution to the President's goal of reducing emissions to 1990 levels by the year 2000.
Electric utilities
Kansas City-based UtiliCorp United, led by CEO Richard C. Green Jr., has welcomed the announcement of an energy services alliance between IBM and Public Service Co. of Colorado, viewing it as a sign of the industry's rapid shift towards competition and innovation. This development follows UtiliCorp's
Electric utilities
PSE&G, a major electric and gas utility in New Jersey, and AT&T have announced plans to develop an interactive customer communications system. This system will enable consumers and businesses to save money and energy while helping utilities reduce costs and improve efficiency. The system, based on
Electric utilities
Public Service Electric and Gas Company (PSE&G) has submitted a plan to the New Jersey Board of Public Utilities (BPU) to approve a competitive electric rate for Co-Steel Raritan, a steel mill in Perth Amboy, New Jersey. The proposal includes a new experimental hourly energy pricing service rate
Electric utilities
The Midland Cogeneration Venture Limited Partnership (MCV) has announced that a decision has been issued in its ongoing fixed energy charge arbitration with Consumers Power Company. The arbitration relates to whether Consumers Power was entitled to withhold fixed energy payments to MCV under its power purchase contract based on plant
Electric utilities
Federal regulators must work to ensure radio spectrum availability for public service agencies, such as police departments and utilities, according to the Utilities Telecommunications Council (UTC), a trade organization representing over 2,000 electric, gas, and water utilities and natural gas pipelines. Despite authorizing spectrum auctions for commercial applications, Congress
