PSE&G files for modest rate increase
In the filing with the Federal Energy Regulatory Commission (FERC), PSE&G asked for formula rate treatment as the company embarks on a $1.6 billion capital spending program for new transmission facilities during the next five to eight years. The new rates are also necessary because of increasing transmission operating and maintenance expenses to provide safe, reliable service.
PSE&G is seeking a transmission return on equity of 11.68 percent effective October 1, 2008. If approved by FERC, the new rates would increase the bill of the average residential electric customer by less than one-half of 1 percent, or about $5.50 a year.
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Ireland goes 25 days without using coal to generate electricity
DUBLIN - The island of Ireland has gone a record length of time without using coal-fired electricity generation on its power system, Eirgrid has confirmed.
The all-island grid operated without coal between April 11th and May 7th – a total of 25 days, it confirmed. This is the longest period of time the grid has operated without coal since the all-island electricity market was introduced in 2007.
Ireland’s largest generating station, Moneypoint in Co Clare, uses coal, as do some of the larger generation sites in Northern Ireland.
The analysis coincides with the European statistics agency, Eurostat publishing figures showing annual CO2 emissions…
