Monthly Archives: March 2007

New York PSC Proposes Major Increase in Con Edison Natural Gas Efficiency Programs

For many years state utility regulators have approved utility funded programs to increase efficiency for end users of electricity. In New York, these programs started in response to high electricity prices in the 1980’s and were first devised and implemented in PSC rate cases and rate case settlement agreements with each utility. Subsequently, most of Read more…

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Did Electricity Market Manipulation Cost New York Consumers $157 Million in the Summer of 2006?

The NYISO Capacity Market Price CapIn papers filed in early 2007 with the Federal Energy Regulatory Commission (FERC), Con Edison asserted that manipulation of a wholesale electricity market cost New York consumers approximately $157 million in the summer of 2006. An association of large electricity users, Multiple Intervenors, also contends that economic withholding by electricity Read more…

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Connecticut General Assembly Holds Forum on Electricity Restructuring Problems

Like New York, Connecticut also “restructured” its electricity industry by allowing utilities to sell off their power plants and form holding company structures. This meant that power must be acquired for consumers in wholesale markets ostensibly overseen by the Federal Energy Regulatory Commission (FERC), which has adopted a system of wholesale electricity market rates tantamount Read more…

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