PG&E asked state regulators for permission to build ~ 25,000 EV chargers across its service area in Northern and Central California - if approved, it would mark the largest deployment of EV charging stations in the country; Lockheed Martin and Dominion Resources have co-developed a new smart grid technology called VirtuGrid to enable remote detection of power outages for faster mapping and response; Panda Power Funds and Sunbury Generation LP will develop, finance, construct and operate a 1,000-MW gas-fired, combined-cycle power project in Pennsylvania; Siemens secured an order of 157 wind turbines in South Africa from Mainstream Renewable Power; PSE&G recently put two new landfill solar farms in service as part of its Solar 4 All program; Exelon Generation will add 195-MW of electric generation capacity at the Medway (Mass.) facility; ABB won a $35 million order for gas-insulated switchgear and shunt reactors from Belgian electricity transmission system operator Elia; Iberdrola USA agreed to acquire UIL Holdings and create a newly listed publicly traded company; Chesapeake Utilities agreed to merge Gatherco into Aspire Energy of Ohio, a wholly-owned subsidiary; and others...
Regulators weigh interest rate climate and future Fed policy in setting allowed return on equity.
(November 2013) Consumer advocates argue for lower allowed utility returns, to reflect lower financing costs. Our rate case survey shows mixed regulatory responses.