November 2, 2024

Consolidated Edison (Con Ed)

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Overheard at the 2023 New York Energy Summit
Last week’s New York Energy Summit yielded a bumper crop of opinions, updates and words of wisdom from the more than 60 panelists.
FERC Dismisses Complaint over Con Ed Wholesale Distribution Rate
FERC denied Cubit Power One’s complaint against Con Ed, saying it did not provide evidence that the utility’s wholesale distribution service rate was unjust.
NY Transco
NY Regulators Get Comments on How to Speed up Tx Construction
NYPSC won praise for its implementation of a law to speed up transmission development, but parties said much work remains in order to meet clean energy goals.
Beyond My Ken, CC BY-SA 4.0, via Wikimedia Commons
Con Ed Yearly Earnings Continue to Rise
Consolidated Edison released its 2022 earnings report showing that it earned $1.66 billion in net income, about $300 million, or 23%, more than in 2021.
New York State Senate
Natural Gas Debate Heats up Hearing on CAC Scoping Plan
Members of the New York Climate Action Council continued the debate over the future of natural gas at a Senate hearing on implementing the CAC’s scoping plan.
New York Utilities
NY Utilities Propose Plan to Coordinate Decarbonization Efforts
Seven N.Y. utilities filed a proposal aiming to help develop a "fully decarbonized electric system” by improving grid planning coordination among stakeholders.
NYISO
NYISO Operating Committee Briefs: Dec. 15, 2022
NYISO’s Operating Committee approved a winter study, tariff revisions to improve transmission study coordination and manual updates for ICLs.
NYISO
NYISO Stakeholders Propose Three Areas for Public Policy Transmission
NYISO stakeholders urged "public policy" transmission upgrades upstate, downstate and along the Pennsylvania border during the ISO’s 60-day comment period.
RWE Renewables Americas
Con Edison to Sell Clean Energy Businesses for $6.8B
RWE Renewables Americas will acquire Con Edison Clean Energy Businesses in a deal valued at $6.8 billion.
Power Engineers
DC Circuit Faults FERC on Cost Allocation of New Jersey Transmission Projects
The D.C. Circuit rejected PJM’s “de minimis” exemption under its DFAX cost allocation and ordered FERC to explain its OK of DFAX's use in two N.J. projects.

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