Raimondo appoints former RI Senate majority leader Revens to PUC
PROVIDENCE On her way out the door, Gov. Gina Raimondo has appointed former Senate Majority Leader John Jack Revens to a $139,000 seat on the state s rate-setting, utility-regulating Public Utilities Commission.
The unannounced appointment of Revens to replace longtime energy regulator Marion Gold came to light at 8:17 p.m. on Friday when the Senate Commerce Committee posted its agenda for Wednesday.
The top item: Appointment of John C. Revens, Jr. [to replace] Marion S. Gold, Ph.D. to the Public Utilities Commission for a term expiring March 1, 2027.
Decisions by the PUC directly affect Rhode Islanders pocketbooks, and the seat Raimondo is seeking to fill does not open until March 1. Raimondo is expected to be gone by then to the new job to which President Joe Biden has nominated her: U.S. commerce secretary.
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Thorn Dickinson, CEO and president of NECEC Transmission LLC and vice president of business development at Avangrid, speaks with Kim Lindlof, Mid-Maine Chamber of Commerce president and CEO and executive director of the Central Maine Growth Council, at the Chamber’s business breakfast Thursday at the Waterville Country Club.
Greg Levinsky/Morning Sentinel
OAKLAND Pending a permit from the United States Army Corps of Engineers, construction on the New England Clean Energy Connect will start early next month, the head of the NECEC Transmission company told members of the Mid-Maine Chamber of Commerce at their October Business Breakfast on Thursday.
Tax credit extension to cut Mayflower Wind power price renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.
Posted: about 1 year ago
In the selected “Low Cost Energy” bid, the developer had committed to passing any federal tax credits to customers.
Due to the change in federal law and Mayflower’s promise to rebate this value of federal tax credits written into the contracts with National Grid, Eversource, and Unitil, the project’s electricity price of USD 77.76 per megawatt-hour should go down to USD 70.26 per megawatt-hour.
This price reduction likely means that the customers of the three Massachusetts electric utilities can expect to save over USD 25 million each year, resulting in USD 500 million lower electric bills over the life of the 20-year contracts due to recent changes in federal law, Mayflower Wind said.
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In August, we published our list of the
top 10 utility regulation trends of 2020, so far. With a tumultuous 2020 largely in the rearview mirror, we now look back on the 10 trends that defined the utility regulatory arena this year. It is difficult to overstate the influence COVID has had on virtually every facet of the energy sector – and utilities were no exception. Nor is it possible to ignore the impact that extreme weather events have had on utility planning and operations. On top of that, the outcome of the presidential election promises to shape the federal energy regulatory landscape for years to come. Because of – or perhaps in spite of – these transformational shifts, advanced energy is well-positioned for continued growth in 2021.