Consolidated Edison (Con Ed)
Con Ed will stop using the “PSEG wheel” next April, following through on a promise it made late last year in a dispute with PJM.
We are proud to announce the initiation of the RTO Insider Top 30, the first in what will be a quarterly review of the top publicly traded companies.
FERC approved the controversial cost allocation of two PJM projects: a stability fix for Artificial Island and the Bergen-Linden Corridor upgrade.
The FERC proposal to apply a new offer cap construct uniformly across the markets is a good and fair solution, ConEdison argues.
Con Ed reported 2015 net income of $1.19 billion compared with $1.09 billion in 2014.
A transmission developer asked PJM to determine if four projects in the PSE&G territory are still necessary if Con Edison makes good on its threat to terminate the “PSEG wheel” to route power into New York City.
FERC ruled that PJM's cost allocations for the Artificial Island and PSE&G transmission projects may not be just and reasonable, ordering a technical conference.
Con Ed said it may end its use of the wheel when its current term expires on April 30, 2017.
Efforts by RTOs to increase their offer caps are overly reactionary to one winter season experience and do not indicate that a change in policy is warranted at this time, says Con Ed.
The New York Public Service Commission staff has accepted seven proposed demonstration projects for the Reforming the Energy Vision initiative.
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