Square D/Schneider Electric ratifies new 3-year labor deal
PALATINE, ILLINOIS - Square D/Schneider Electric announced that all nine bargaining units located at seven of its manufacturing facilities in the United States have ratified a new three-year labor contract.
The contract was ratified in local union votes taken over the past few days.
Negotiations for the contract involved three international unions: the International Association of Machinists and Aerospace Workers (IAM&AW), the International Brotherhood of Electrical Workers (IBEW) and the International Brotherhood of Teamsters (IBT).
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U.S. power demand seen sliding 1% in 2023 on milder weather
WASHINGTON - U.S. power consumption is expected to slip about 1% in 2023 from the previous year as milder weather slows usage from the record high hit in 2022, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO).
EIA projected that electricity demand is on track to slide to 4,000 billion kilowatt-hours (kWh) in 2023 from a historic high of 4,048 billion kilowatt-hours (kWh) in 2022, before rising to 4,062 billion kWh in 2024 as economic growth ramps up.
Less demand coupled with more electricity generation from cheap renewable power sources and lower natural gas prices is forecast…
