Eversource Rate Hike to Go Toward New Grid, Energy Storage, and EV Projects

In a complex rate proceeding for two now-merged electric distribution utilities, the Massachusetts Department of Public Utilities (DPU) has determined that neither had proven a need for the full amount of rate relief sought, despite the passage of time since their last base rate cases. Consequently, the department ruled that out of the $56.1 million in additional revenues requested by NSTAR Electric Company, the utility should receive an increase of only $12.24 million.

Renewable Energy Goals

Releasing its annual report on the state’s Renewables Portfolio Standard (RPS) program, the California Public Utilities Commission announced that the data indicate that the initiative is ahead of schedule and is helping to achieve large reductions in costs for renewable electricity.

Nuclear Plant Transfer

In New York, the Public Service Commission (PSC) authorized Exelon Generation Company (ExGen) to transfer ownership and control of the James A. FitzPatrick nuclear power plant to a wholly owned subsidiary, Exelon FitzPatrick, LLC (ExFitz).