Consolidated Edison (Con Ed)
The New York PSC approved more than $70 million in electric bill relief over the summer for low-income Con Ed customers in NYC and Westchester County.
Con Ed’s profits fell nearly 12% in the first quarter and attributed the decline to the effects of the economic shutdown and unusually warm weather.
PJM must rebill parties with interest to reverse incorrect cost assignments for transmission projects to meet individual utilities’ planning criteria.
Consolidated Edison reported 2019 net income of $1.34 billion ($4.09/share), down slightly from $1.38 billion ($4.43/share) the previous year.
In a trio of orders, FERC again rejected challenges to PJM’s transmission cost allocation methods in a long-running dispute in New Jersey.
NERC opened the year with two big personnel announcements, introducing a new head of the E-ISAC and saying farewell to retiring board member Dave Goulding.
FERC rejected a request to rehear its ruling approving changes to the PJM-NYISO joint operating agreement reflecting a new operational plan for interfaces between New York and New Jersey.
Consolidated Edison’s second-quarter earnings fell by 19% to $152 million compared to the same period last year, despite an increase in revenue.
Con Edison remained on the hot seat after power outages hit 50,000 customers Sunday night, the second major outage in less than a week.
New York regulators approved a consumer awareness and incentive campaign for clean energy development in Westchester County.
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