Allowances

FERC on Thursday approved a notice of inquiry (NOI) seeking comments regarding how to address any double recovery of income tax cost resulting from the its current income tax allowance and rate of return policies [PL17-1].

California’s latest auction of greenhouse gas (GHG) emissions credits in its cap-and-trade program fell short of selling all of its 26.1 million air pollution allowances. All of the 2014-vintage credits sold, but less than half of the 2017-vintage credits found buyers.

California regulators Tuesday increased the amount of natural gas and electricity eligible for lower rates, effectively giving small monthly savings to the customers of the state’s major private-sector utilities. The higher baseline levels become effective May 1, following a review of the volumes that was started last year by the state regulatory commission.