Madison utility customers to get one-time refunds
The Public Service Commission said it approved a $5.7 million refund for MG&E customers.
Commission chairman Eric Callisto said the refund was driven by a drop in fuel costs.
The commission said average MG&E customers will receive a refund of about $12.60 on their April electric bills.
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India Electricity Prices are Spiking
NEW DELHI - Electricity prices in India bolted to a record high of 10.6 cents/kWh (INR5.1/kWh) in Q3.
A jolt in Indian spot electricity prices could save Sembcorp Industries' Indian business from further losses, UOB Kay Hian said.
The firm said spot electricity prices in India bolted to a record high of 10.6 cents/kWh (INR5.1/kWh) in Q3 and even hit a 15-minute peak of 20.7 cents/kWh (9.9/kWh). The spike was due to a power supply crunch on higher electricity demand from power distribution companies.
As an effect, Sembcorp Industries' Sembcorp Gayatri Power Limited's (SGPL) losses of $26m in Q1 and $29m in Q2…
