Allegheny to accelerate power procurement schedule
PENNSYLVANIA - Allegheny Power, the electricity delivery unit of Allegheny Energy, Inc. AYE, announced that the Pennsylvania Public Utility Commission has approved the companyÂ’s request to accelerate its power procurement schedule for residential customers.
The change will move the companyÂ’s first power auction from June 2009 to April 2009, as well as expand the amount purchased in June. The accelerated schedule is expected to benefit residential customers by taking advantage of recent declines in the market price of power.
The April auction will be the first in a series to procure power over a multi-year period for AlleghenyÂ’s Pennsylvania customers for the period beyond December 31, 2010, when generation rate caps expire. The multiple auctions are designed to protect customers against over-exposure to market conditions at any single point in time, much like a dollar cost-averaging strategy to investing.
Related News
Crowds plug into electric vehicle event in Regina
REGINA - Crowds in Regina were revved up with excitement for electric cars this weekend.
On Saturday, Electric Mobility Canada hosted the 3rd annual national drive electric week event in the Queen City.
"It's something that's going on around the world right now, this week," said James Dennis, electric car enthusiast and event organizer. "It's to help bring awareness to electric vehicles, not only for a form of transportation but also to help clean up the environment."
This Volkswagon Beetle was redone to function as an electric vehicle.
Dennis said a common misconception is electric cars are not functional during Saskatchewan winters.
"The thing people need to understand is these…
