FirstEnergy Ohio residential customers get bulbs
Akron-based FirstEnergy said that distribution will begin in mid-October. Two compact fluorescent light bulbs will be mailed or hand-delivered to residential customers of Ohio Edison, Cleveland Electric Illuminating Co. and Toledo Edison.
The cost of the program will be underwritten by customers, who FirstEnergy says can recover three times the cost through projected energy savings.
The program approved by state regulators is meant to reduce electricity usage and increase awareness of energy conservation.
The CFL bulbs use up to 75 percent less electricity than traditional incandescent bulbs.
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IEC reaches settlement on Palestinian electricity debt
TEL AVIV - The Palestinian Authority will pay Israel Electric NIS 915 million and take over management of its grid through Palestinian electricity supplier PETL.
The Israel Electric Corporation (IEC) (TASE: ELEC.B22) and Palestinian electricity supplier PETL have signed a draft commercial agreement under which the Palestinian Authority's (PA) debt of almost NIS 1 billion will be repaid. The agreement also transfers actual management of the supply of electricity to Palestinian customers from IEC to the Palestinian electricity authority.
Up until now, the IEC was unable to actually collect debts for electricity from Palestinian customers, because the connection with them was through…
