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Cinch® Home Services Partners With Kiwi Energy To Deliver Protection, Value And Savings To New York Residential Customers
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BOCA RATON, Fla., March 11, 2021 /PRNewswire/ Cinch Home Services (Cinch), the nation s leading provider of home service solutions, has partnered with Kiwi Energy, a leading competitive energy supplier of environmentally focused electricity and natural gas services, to offer home protection plan coverage for residential customers across New York state.
This partnership addresses a recent regulatory update from the New York Public Service Commission (PSC) – the agency overseeing the state s electric, gas, water, and telecommunications industries – effective April 15.
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On Friday, February 26, the Biden Administration’s newly-resurrected Interagency Working Group on Social Cost of Greenhouse Gases (IWG) announced new values for three specific metrics that seek to monetize the environmental impacts of greenhouse gases: the Social Cost of Carbon, Social Cost of Nitrous Oxide, and Social Cost of Methane. Collectively these are known as the Social Costs of Greenhouse Gases, or SC-GHG.
Using 2020 as a baseline and a 3 percent average discount rate (explained further below), the IWG calculated the Social Cost of Carbon at US$51/metric ton (mt), the Social Cost of Methane at US$1,500/mt, and the Social Cost of Nitrous Oxide at US$18,000/mt. This represents a dramatic reversal in the federal government’s valuation of the impacts of climate change, as under the prior Administration these social costs were set at essentially insignificant levels.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Corning Natural Gas Holding Corporation Announces End of “Go Shop” Period Under Merger Agreement
Corning Natural Gas Holding Corp.February 26, 2021 GMT
CORNING, N.Y., Feb. 26, 2021 (GLOBE NEWSWIRE) Corning Natural Gas Holding Corporation (OTCPK: CNIG) (“Corning” or the “Company”), a holding company operating natural gas and electric utilities serving approximately 21,000 customers in two states, today announced the expiration of the 45-day “go shop” period pursuant to the terms of the previously announced definitive merger agreement under which an affiliate of Argo Infrastructure Partners, LP (“Argo”) agreed to acquire all of the outstanding shares of Corning common stock for $24.75 per share in cash (the “Merger Agreement”).
You might think that the $17,000 bills that Texas electricity providers are sending to customers who kept their lights on during last week’s historic storm reflect red state libertarian ideology run amuck. But you would be wrong.
They are actually the product of the exact same approach to markets reflected in the congestion-pricing plan for midtown Manhattan adopted by the New York State legislature in 2019, in the way Broadway priced tickets for shows like
The Lion King and
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The problem is not ideological but intellectual, and has its roots in something a Democratic appointee to the New York Public Service Commission did to the pricing of electricity in New York State back in 1975. That thing is called marginal-cost pricing, and it became part of American life thanks largely to the efforts of one man: economist Alfred Kahn.