Tag: ratepayers
-
Governor Sherrill Enacts Power NJ Act, Initiating New Nuclear Energy Procurement with Ratepayer Protections
New Jersey Governor Sherrill signed the Power NJ Act, launching a competitive process for new nuclear energy. The bill includes strong safeguards to protect ratepayers from costs and aims to secure an affordable, reliable, and clean energy future for the…
Politics and GovernmentBusinessScience & TechnologyUSAState GovernmentsEconomyEnergyArtificial IntelligenceLegal New JerseyGovernor Mikie SherrillNuclear EnergyPower NJ ActRatepayersEnergy PolicyLegislationOffice of New Jersey Governor
-
Connecticut Seeks to End Utility "Bonus" Transmission Profits, Files FERC Complaint
Connecticut agencies filed a complaint with FERC to end "bonus" transmission charges by Eversource and United Illuminating. This action, following a 2025 law, aims to save ratepayers $4.5 million annually by removing unjustified profits for mandatory utility participation.
Politics and GovernmentBusinessLaw EnforcementState GovernmentsEconomyLegalEnergyGeneral Politics ConnecticutFERCEversource EnergyUnited IlluminatingTransmission RatesRatepayersEnergy PolicyConnecticut Governors Office
-
New England Governors Urge FERC to Reject Utility Profit Hike
New England governors, led by Connecticut's Ned Lamont, jointly urged FERC to reject a proposed profit increase for transmission owners. They argue the 11.39% return on equity would unfairly burden ratepayers and hinder economic competitiveness, following a recent order for…
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsFederal GovernmentState GovernmentsEconomyEnergyLegal New England GovernorsFERCElectricity TransmissionRatepayersUtility ProfitsConnecticutEnergy PolicyConnecticut Governors Office