Easing energy prices should ease Pennsylvania bills
New figures released by the state Public Utility Commission show the difference between current market prices for electricity and the capped rates paid by millions of Pennsylvanians.
Rate caps expire in 2010 for PPL customers and in 2011 for customers of four other major utilities.
If the caps had expired the week of July 6, Peco Energy's residential customers actually would have seen their bill drop by almost 5 percent on average. Metropolitan Edison customers would have seen a 26 percent jump and Pennsylvania Electric customers a 22 percent increase.
PPL and Allegheny Power already purchased power for use after caps expire, ensuring average increases of 30 percent and 11 percent, respectively.
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Senate Democrats push for passage of energy-related tax incentives
WASHINGTON - A group of 27 Democratic senators is calling for action in the Senate Finance Committee on extending energy-related tax credits and examining new tax proposals, especially those that incentivize renewable energy projects.
Sen. Ron Wyden, D-Ore., the ranking Democrat on the Senate Finance Committee, led the group of Democrats in writing a letter Tuesday to Sen. Charles Grassley, R-Iowa, who chairs the committee.
“Despite numerous opportunities, including in the recent tax extenders package, the Finance Committee has failed to take action on the dozens of energy tax proposals pending before it,” they wrote. “It is critical that the Committee move…
