Ameren announces lower electric rates
ILLINOIS - The utility company Ameren Illinois has announced its customers will be paying less for electricity beginning in June.=
According to officials of the utility, the typical Ameren residential customer using 10,000 kilowatt-hours of electricity a year will save about $100, or 8 percent, on the price of electricity.
Ameren officials attributed the reduction to a decline in the wholesale cost of electricity due to reduced demand.
However, officials of the Citizens Utility Board say the drop in electric rates announced by Ameren and previously by ComEd was also due to a new power-purchasing system.
Through the Illinois Power Agency, power generators submit sealed bids to sell power in the state. Through the agency, a price for power is negotiated.
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KHNP is being considered for Bulgarian Nuclear Power Plant Project
SEOUL - Korea Hydro & Nuclear Power (KHNP) has been selected as one of the three strategic investor candidates for a Bulgarian nuclear power plant project.
The Bulgarian Energy Ministry selected KHNP of Korea, RosAtom of Russia and CNNC of China as strategic investor candidates for the construction of the Belene Nuclear Power Plant, KHNP said on Dec. 20. The Belene Nuclear Power Plant is the second nuclear power plant that Bulgaria plans to build following the 2,000-megawatt Kozloduy Nuclear Power Plant built in 1991 during the Soviet Union era. The project budget is estimated at 10 billion euros.
By being included…
