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Con Edison Affirms Energy Efficiency Commitment (Ind. Report)
Con Edison
Date: 2020-05-22
In New York, Consolidated Edison, Inc CEO John McAvoy reports the company -- one of the nation's largest investor-owned energy-delivery companies -- will triple its energy efficiency programs with an investment of more than $1.5 billion by 2025.

The program aims to help ConEd customers reduce their reliance on natural gas with incentives for ground and air-source heat pumps and continue its support of electric vehicle adoption, McAvoy said during the company's first virtual-only annual meeting. McAvoy also affirmed Con Edison's Clean Energy Commitment to aggressively pursue reductions in overall energy use. (Source: Consolidated Edison, Inc. 18 May, 2020)

More Low-Carbon Energy News Consolidated Edison news,  Energy Efficiency news,  


ConEdison Affirms Energy Efficiency Commitment (Ind. Report)
Consolidated Edison
Date: 2020-05-20
In New York, Consolidated Edison, Inc CEO John McAvoy reports the company -- one of the nation's largest investor-owned energy-delivery companies -- will triple its energy efficiency programs with an investment of more than $1.5 billion by 2025.

The program aims to help ConEdison customers cut their reliance on natural gas with incentives for ground and air-source heat pumps and other upgrades and initiatives, McAvoy said during the company's first virtual-only annual meeting. McAvoy also affirmed ConEdison's commitment to aggressively pursue reductions in overall energy use. (Source: Consolidated Edison, Inc. 18 May, 2020) Contact: ConEdison, www.conedsolutions.com

More Low-Carbon Energy News Consolidated Edison,  Energy Efficiency,  


Sempra Energy Completes U.S. Renewables Sector Exit (Ind Report)
Sempra Energy
Date: 2019-04-26
Further to our Feb. 13th coverage, San Diego-based utility holding company Sempra Energy is reporting the completion of its exit from its U.S. renewables business with the sale of 7 wind farms totaling 724 MW and battery assets to Columbus, Ohio-based American Electric Power (AEP) for $1.05 billion. The transaction is the latest in a series of divestitures over the past year to raise $2.5 billion in proceeds.

In December 2018, the company completed the sale of its solar assets and battery storage development projects, along with one wind farm, to a subsidiary of Consolidated Edison for $1.6 billion. In February, it executed the sale of its non-utility U.S. natural gas storage facilities to an affiliate of ArcLight Capital Partners for $328 million in cash, marking its exit from the non-utility natural gas storage sector. The company is currently working to sell its equity interest in its South American businesses including its 83.6 pct stake in Luz del Sur S.A.A. in Peru and 100 pct stake in Chilquinta Energia S.A. in Chile.

The company said the move is consistent with a strategy to pay down debt and redeploy capital to support the growth of Sempra Energy in North America. (Source: Sempra Energy, Power Mag., 25 April, 2019) Contact: American Electric Power, Nicholas K. Akins, Pres., (614) 716-1000, www.aep.com; Sempra Energy, Jeff Martin, CEO (619) 696-2901, www.sempra.com

More Low-Carbon Energy News Sempra Energy,  Renewable Energy,  


Sempra, ConEdison Completes Renewable Energy Assets Sale (M&A)
Sempra Energy,CopnEdison
Date: 2018-12-17
Further to our 24th Sept. coverage, Sempra Energy reports the closure of the sale of its U.S. operating solar assets, solar and battery storage development projects, and ownership interest in one wind facility to Consolidated Edison Inc. for approximately $1.6 billion in cash, subject to customary post-closing adjustments.

The transaction included Mesquite Solar 2 and 3 in Arizona, Copper Mountain Solar 1 and 4 in Nevada, Great Valley Solar in California, and solar and battery storage development projects. Additionally, Con Edison acquired Sempra Energy's interest in jointly owned facilities, including Mesquite Solar 1; Copper Mountain Solar 2 and 3; the Alpaugh, Corcoran and White River solar facilities in California; and the Broken Bow II wind facility in Nebraska. The sale represents approximately 980 MW AC of installed capacity.

Sempra Energy intends to use the sale proceeds for debt reduction and to expand its regulated Texas utility platform through Oncor Electric Delivery Co. LLC's pending acquisition of InfraREIT Inc. (Source: Sempra Energy, PR, 14 Dec., 2018) Contact: ConEdison, Jorge J. Lopez, Pres., CEO, (914) 286-7094, www.conedsolutions.com; Sempra Energy, Inv. Relations, (619) 696-2901, www.sempra.com

More Low-Carbon Energy News Sempra Energy,  ConEdison,  


Johnson Controls, Con Edison Enter Energy Storage JV (Ind. Report)
Johnson Controls,Consolidated Edison Solutions
Date: 2018-10-01
Johnson Controls International plc will provide the intellectual property and be a minority owner in a new energy storage JV with Consolidated Edison Solutions Inc., a subsidiary of New York-based Con Edison Cleaner Energy Businesses Inc., the companies have announced.

Con Edison Solutions will be the majority owner and operating partner of the joint venture as the exclusive provider of battery storage systems to customers of Johnson Controls. The battery storage systems JCI has developed learn the operating characteristics of a building's electrical system and optimizes them for the end customer's maximum economic benefit.

Johnson Controls' energy storage group employees will become part of Con Edison Clean Energy Businesses. Other terms of the agreement have not been released. (Source: Johnson Controls, Con Edison, Milwaukee Biz Times, 1 Oct., 2018) Contact: Con Edison Clean Energy Businesses , Mark Noyes, President and CEO, www.conedsolutions.com; Johnson Controls, www.johnsoncontrols.com

More Low-Carbon Energy News Johnson Controls,  Consolidated Edison Solutions,  Energy STorage,  


PSC Expands New York's Energy Storage Resources (Ind. Report)
New York Public Service Commission
Date: 2018-02-28
Furthher to our December 8, 2017 report, the New York PSC last week approved two measures aimed at growing energy storage resources in the Empire State and helping to meet Gov. Andrew Cuomo's 1,500 MW energy storage target by 2025.

Regulators approved a plan for Consolidated Edison Co. to significantly expand the use of battery storage systems in its service territory by simplifying the process for private owners. The PSC also allowed larger storage projects to participate in the state's clean-energy program. The decision raises the maximum rated capacity for projects from 2 MW to 5 MW. The new rules crafted a more straightforward process to allow private energy storage systems to export electricity to ConEd's distribution system. (Source: New York Public Service Commission, Various Media, Utility Dive, 26 Feb., 2018)Contact: New York Public Service Commission, www.dps.ny.gov

More Low-Carbon Energy News New York Public Service Commission,  Energy Storage,  


ConEd Energy Management, Efficiency Program Extended (Ind. Report)
New York State Public Service Commission,Consolidated Edison
Date: 2017-07-19
In the Empire State, the New York State Public Service Commission (PSC) reports it has extended and expanded Consolidated Edison's (ConEd) Brooklyn Queens Demand Management (BQDM) program which is expected to save customers approximately $24.5 million over the life of the program.

BDQM will add additional distributed energy resources -- fuel cells, solar power, battery storage and thermal storage -- that will enable ConEd to delay additional traditional infrastructure construction and thus create savings for customers. ConEd's Energy efficiency initiatives have resulted in more than 110 gigawatt-hours (GWh) of annual energy reduction for small business hours and 27 GWh in multi-family residences and individual apartments, according to the NY PSC release. (Source: NY PSC, Energy Manager, 17 July, 2017) Contact: New York State PSC, (518) 474-7080, www.dps.ny.gov; Con Edison, Vicki Kuov, (212) 460-4600, kuov@coned.com

More Low-Carbon Energy News Energy Efficiency,  Energy Management,  New York State Public Service Commission,  Consolidated Edison ,  

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