Regulatory Decisions

New York Extends Smart AC Program to Master-Metered Consumers

The New York Public Service Commission has approved an electric utility’s proposal to include public housing residents as well as tenants in master-metered apartment buildings in the utility’s program offering summertime cash rebates to those customers who permit the utility, Consolidated Edison Company of New York (ConEd), to remotely control their room air conditioners (ACs) during brief periods of high demand for electricity.

Court Declines to Vacate FERC’s Mountain Valley Certificate

Explaining that it was statutorily proscribed from exercising initial judicial review of decisions entered by the Federal Energy Regulatory Commission (FERC), the U.S. District Court for the Western District of Virginia, Roanoke Division, has denied motions from several opponents of the Mountain Valley Pipeline for an order enjoining the pipeline developer from proceeding with actions in eminent domain against property owners whose lands would be traversed by the pipeline.

Federal Income Tax Reform

Several states have already reacted to the recently passed Tax Cuts and Jobs Act of 2017 (TCJA), which was signed into law by President Trump on December 22, 2017. Most of the provisions of the TCJA became effective as of January 1, 2018. Some states have opened proceedings to review the impact of the TCJA on utility rates, while others have signaled an intent to monitor how utility revenue requirements and rates may be impacted as a result of changes to the federal tax code, especially those reducing the corporate tax rate and revising the federal tax structure.