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PSEG CEO Cites "So Thin" Retail Margins

During an earnings call yesterday, in discussing PSEG's decision to wind down its retail business, which had been first exclusively reported by EnergyChoiceMatters.com earlier this month , Public Service Enterprise Group CEO Ralph Izzo described retail margins as, "so thin."

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Pa. PUC Commissioner Highlights "Rather High" Utility Supply Cost Reconciliations, Impact On Shopping Decision

Also Questions Whether Certain Costs Should Be In Supply Or Distribution Rates

In discussing the Pennsylvania PUC's approval of a stipulation in the three UGI natural gas utilities' annual purchased gas cost proceedings, Pennsylvania PUC Vice Chair Andrew Place highlighted the "rather high" amounts of reconciliations of prior gas costs and their impact on shopping decisions.

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Pa. PUC Reverses Prior Direction, Finds That, In Restricting CAP Customer Shopping, Issue Of Whether Retail Supplier Rate Must Always Be Below Utility Rate Shall NOT Be Delegated To Collaborative

PUC Orders That Retail Supplier Rate Must Always Be At Or Below Utility Price To Compare

The Pennsylvania PUC this morning adopted, 5-0, a motion to grant reconsideration sought by consumer advocates concerning the PUC's recent price cap imposed on Pennsylvania Customer Assistance Program (PCAP, or CAP) customer shopping at the FirstEnergy EDCs, and ruled that, to serve a PCAP customer…

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PJM Region Retail Energy News (Page 160) | EnergyChoiceMatters.com