Texas Power Surges as Demand Tops Estimates as Supply Drops

By: Naureen S. Malik |

 

Wholesale electricity on the main Texas grid jumped as demand exceeded forecasts and generating capacity tripped offline.

The spot price for on-peak power briefly topped $900 a megawatt-hour in North Texas. The high temperature in Dallas was forecast to be 88 degrees Fahrenheit (31 Celsius), 8 above normal, according to AccuWeather […]

2015-05-07T15:44:09-05:00April 29th, 2013|Texas Market|

ComEd wants $311 million rate hike in 2014

By: Steve Daniels |

Commonwealth Edison Co. moved today to raise the cost of delivering electricity to the average household by $5 a month in 2014, part of the utility’s plan to modernize its local power grid.

ComEd filed for a $311 million increase in the revenue it receives from ratepayers, a figure that ComEd executives said […]

2015-05-07T15:40:15-05:00April 29th, 2013|Illinois Market|

A Look at the Deal That Would Replace LIPA With a NJ Utility

By: WNYC Newsroom |

New York Governor Andrew Cuomo is considering handing the reigns of the troubled Long Island Power Authority, or LIPA, to a New Jersey utility.

This proposal essential puts New Jersey-based utility PSEG in charge of Long Island electricity, according to Newsday.

LIPA was roundly criticized for its performance after Sandy when hundreds of […]

2015-05-07T15:43:10-05:00April 25th, 2013|New York Market|

PSE&G’s $3.9 Billion Climate Plan Will Create 5,800 Jobs, Reduce Power Outages

By: NJToday.net |

New Jersey’s largest utility company has asked regulators for approval to spend $2.6 billion during the next five years to guard against problems related to climate change.

Public Service Electric and Gas Company (PSE&G) plans to invest $3.9 billion during the next 10 years to protect and strengthen its electric and gas […]

2015-05-07T15:40:15-05:00April 23rd, 2013|New Jersey Market|