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Energy & Utilities

Eversource's 4Q profits dip on expense growth

Matt Pilon |

Electric and gas utility parent Eversource said its fourth-quarter profits fell 2.6 percent, largely because of higher operating expenses.

Tax abatements lure Forrest Machine to Berlin

Gregory Seay |

For 20 of the 35 years of Forrest Machine Inc.'s existence, family owners of the aerospace metalsmith called Rocky Hill home.

Even GE's Boston headquarters is shrinking

CNN BUSINESS |

General Electric is once again downsizing, this time shrinking the scale of its once-ambitious plan for a fancy headquarters along the Boston waterfront.

CT sees slight uptick in solar jobs

Matt Pilon |

While U.S. solar employment declined in 2018 for the second straight year, Connecticut solar jobs held stable, according to the nonprofit Solar Foundation's annual count.

E. Windsor's Bidwell Energy takes aim at utility auctions

Matt Pilon |

Utility companies buy wholesale electricity and natural gas routinely, shopping for the lowest bids they can find in online auctions to help them meet customers' fluctuating energy demands.

Eversource pays $225M for stake in offshore wind farm

Joe Cooper |

Eversource Energy has committed $225 million for half ownership of an offshore wind project operated by global energy producer ěrsted just south of Martha's Vineyard, the companies announced Friday.

DEEP offers $1M for water-quality upgrades

Gregory Seay |

The state Department of Energy and Environmental Protection (DEEP) is making $1 million in federal funds available to eligible recipients to upgrade their area's water quality.

Proposed $700M Killingly power plant clears key hurdle

Matt Pilon |

Electric-grid operator ISO New England announced Wednesday evening that it has awarded a key contract to a proposed 650-megawatt power plant in Killingly.

Coalition wants to ban residential electricity suppliers

Matt Pilon |

Consumer Counsel Elin Katz, long an opponent of competitive electricity suppliers, is calling to ban them from the residential market.

As solar prices continue to fall, developers say state's restrictive siting policies inhibit industry growth

Matt Pilon |

As Connecticut's environmental goals have grown increasingly ambitious, one type of renewable-energy technology has emerged as a leader when it comes to lower costs — utility-scale solar farms.

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