US energy provider ComEd has secured an approval to reduce consumer energy bills from the Illinois Commerce Commission. ComEd will reduce delivery service charges by $24 million as from January 2019. This is the third time since 2012 for ComEd to reduce its energy charges.
The costs Connecticut customers pay for the generation of the electricity they use will rise 19 percent or 24 percent on average in the first half of next year for households and businesses enrolled by default with one of the two major utilities operating in the state.
Higher-than-expected demand for electricity coupled with cancellations of planned power generation projects will leave less room for error in the coming summer, according to the manager of the state’s power grid. The Electric Reliability Council of Texas is forecasting next summer’s reserve margin for electricity, an important measure of the cushion between expected supply and demand, will be 8.1 percent, 2.9 percent lower than ERCOT predicted back in May.
PJM Interconnection and its members are prepared to meet the forecasted winter electricity demand in the nation’s largest high-voltage power grid. “Because of our members’ preparation efforts and history of reliable performance, improved coordination with gas pipeline operators, and the market’s ability and flexibility to call on a variety of resources, we’re confident that we will be able to meet customer demand this winter,” said Michael E. Bryson, vice president – Operations.
As you may already be aware, FERC has proposed to adopt Version 3.1 of the NAESB Standards. Today we will provide an overview of the upcoming North American Energy Standards Board (NAESB) Version 3.1 Standards which have been proposed for adoption by the Federal Energy Regulatory Commission (FERC). Our organization has been involved with NAESB since its inception in 2002, and with the Gas Industry Standards Board (GISB), the precursor to NAESB, before that.
UGI Energy Services LLC (UGIES), a subsidiary of UGI Corporation (NYSE: UGI), announces the purchase of South Jersey Energy Company’s (SJE) retail natural gas business including Open Flow Energy, effective December 1, 2018. The purchase includes all of SJE’s 2,500 commercial and industrial customer contracts, which includes supply service to approximately 6,000 locations. This acquisition continues the strategic buildout of UGIES’ growing retail natural gas business.
Partnership Between Carbon Creek and Xpansiv Provides Energy Markets with Unprecedented Frack-Free Natural Gas
GP Energy Management and Carbon Creek Energy are proud to announce a first-of-its kind sale in commodities markets that represents a paradigm shift in the energy industry—Frack-Free Natural Gas Certificates. Carbon Creek has entered into a contract with East Coast Power & Gas, a regional energy services company, to deliver a groundbreaking product in a multi-year deal.
SCANA Corp. has agreed to a $2 billion settlement with the S.C. customers it charged high electric rates for a failed nuclear plant construction project. And, in a new twist, the legal agreement turns over to SCE&G customers the $115 million golden parachutes that had been set aside for soon-to-be-ousted SCANA executives. It also forces the sale of a number of non-essential SCANA properties that could give SCE&G customers another $70 million or more in refunds or rate credits, according to one attorney involved.
Emera Inc. has agreed to sell its three natural gas-fired generation facilities in New England, known as Bridgeport Energy, Tiverton Power and Rumford Power, to an affiliate of The Carlyle Group for US$590 million (C$780 million). Together, the facilities have the capacity to generate approximately 1,100 MW.