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BGE conducted its latest auction for wholesale electric supply earlier this week, and has now secured approximately 85 percent of its electric supply for the period June 1, 2011 through May 31, 2012.
Select Energy has been awarded a wholesale electric supply contract by Western Massachusetts Electric Company (WMECO) at the completion of a competitive bidding process.
Greater wholesale electric supply and lower demand in the Midwest region depressed prices resulting in significantly lower revenue for power sold in the wholesale market.
At the same time, it will create value through improving the efficiency and reliability of wholesale electric supply markets through investments in critical new transmission infrastructure.
Our team took a comprehensive, competitively-priced approach to meet the challenges of New Jersey's innovative process for securing its wholesale electric supply," said Sabatino.
Con Edison passes on their wholesale electric supply costs to its customers.
With the awarding of these contracts, BGE has locked in wholesale electric supply that ensures our customers will continue to receive the benefits of the retail price freeze through the transition period without any adverse financial impact on the utility.
29, 1997--Eastern Utilities Associates (NYSE:EUA) announced today that its Montaup Electric Subsidiary filed with the Federal Energy Regulatory Commission (FERC) settlement agreements which seek approval of wholesale electric supply contract termination provisions between Montaup and its customers.