Financially ailing Edison International doesn't expect to pay most creditors until the end of the first quarter of 2002, company officials said Monday. Small generators known as qualifying facilities (QF) can expect to get their money by the end of the second quarter 2002, Edison officials explained. CFO Ted Craver said a new agreement will have to be worked out with the QFs.
U.S. District Judge Ronald Lew approved the settlement agreement between state regulators and Southern California Edison Co. Friday. After a controversy erupted over whether the nearly broke utility would honor contracts with small generators known as QFs, SCE Friday said it would 'stand by the power purchase portion' of those contracts. (By Ann de Rouffignac, OGJ Online)
USFilter was awarded a contract to provide a 6,700 gallon-per-minute water treatment system for Con Edison's East River Repowering Project.
Consolidated Edison Inc. said it restored electrical service to its Cortlandt network Wednesday returning service to all networks in Lower Manhattan that lost power after Tuesday's terrorist attack on New York's World Trade Center. Tuesday, the company began restoring electric service to Battery Park City.
New York's Consolidated Edison Inc. Monday said it restored power to parts of Lower Manhattan but warned customers to minimize use as much as possible while electric work continues in the area. The company reported restoring power to the majority of its Fulton network, one of several networks that have been shut down since Tuesday's terrorist attack on the World Trade Center.
The Lakewood Planning Board has approved the construction of a 500 megawatt peaking power plant in the Lakewood Industrial Park.
ConEdison Solutions® has contracted with building operators in New York City and Westchester to create a 'virtual' 25-MW power plant that can be switched on when electricity supplies are tight.
Con Edison announced today that it is seeking review of a FERC order on the company's proposal to correct flaws in the New York wholesale electric marketplace that allow power generators to exercise market power.
Wisconsin Energy Corp. utility subsidiaries Wisconsin Electric and Edison Sault Electric submitted proposals to the Michigan Public Service Commission (MPSC) on June 5 to unbundle their Michigan rates for all customer classes beginning Jan. 1, 2002.
Three electric utilities-including one international company-have been honored with the Edison Award today.