Public Service Commission News
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A Florida law allowing utilities owned by Duke Energy Corp. and NextEra Energy Inc. to charge customers in advance for nuclear power projects that may not get built is constitutional, the state Supreme Court ruled.
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Consolidated Edison Inc. Chief Executive Officer Kevin Burke and three other executives returned 2012 bonuses as Governor Andrew Cuomo called for a halt to the payments while officials investigate the response to Hurricane Sandy.
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Blackstone Group LP, the world’s largest private-equity firm, won approval from state regulators for a $2.2 billion power line that would bring electricity to New York City from Quebec.
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U.S. EcoGen LLC, a closely held developer of biomass-fueled power plants, received approval from Florida regulators for electricity sales contracts for three projects expected to enter service in 2019.
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The Long Island Power Authority should be converted into an investor-owned utility to end poor management practices that exacerbated slow and halting repairs of blackouts from October’s Hurricane Sandy, a New York state investigative panel said today.
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Southern Co., the company building the first new U.S. nuclear power reactors since the 1970s, is postponing the commercial start by 18 months and increasing cost estimates because of regulatory delays and contractor issues.
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Governor Andrew Cuomo of New York, where 2 million customers lost power after superstorm Sandy, convened a commission to investigate utility companies for what he said was their failure to properly prepare.
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R. Allen Stanford’s jury, a day after finding the Texas financier guilty of leading a $7 billion international fraud, will continue hearing evidence on federal prosecutors’ request that he forfeit $300 million in assets.
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Duke Energy’s decision to dismantle a Florida nuclear power plant rather than undertake the costliest- ever U.S. atomic repair shows how rapidly cheap natural gas is remaking the U.S. power industry, hastening a shift from traditional fuels such as coal and uranium.
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The U.S. Justice Department urged a judge to accept a $4.8 million antitrust lawsuit settlement with Morgan Stanley even without an admission that the New York bank violated federal law.
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