Latest news with #NewYorkStatePublicServiceCommission
Business Wire
6 days ago
- Business
- Business Wire
Constellation‘s Deal With Calpine Approved by New York Public Service Commission
BALTIMORE--(BUSINESS WIRE)--Constellation (Nasdaq: CEG) today announced it has received regulatory approval from the New York State Public Service Commission (PSC) for its previously announced acquisition of Calpine Corporation. The approval represents the most recent key step forward in Constellation's plans to combine the nation's largest zero-emissions nuclear fleet with Calpine's premier portfolio of low-emission natural gas and geothermal assets. The deal will establish a coast-to-coast platform capable of supporting growing demand for around-the-clock, sustainable power. 'This transaction will unite two diverse generation portfolios to create the leading reliable and clean generation fleet to help the U.S. win the AI race while meeting the growing needs of families, communities and businesses coast to coast,' said Joe Dominguez, president and CEO of Constellation. 'Today's approval brings us one step closer to making this critical vision a reality and helps us bring together two world-class teams with a strong commitment to operational excellence, sustainability and supporting our communities.' Earlier this month, the deal cleared regulatory review with Texas' Public Utilities Commission. The transaction — expected to close in the fourth quarter of 2025 — now awaits approval from the Federal Energy Regulatory Commission and the Department of Justice, along with other customary closing conditions. About Constellation Constellation Energy Corporation (Nasdaq: CEG), a Fortune 200 company headquartered in Baltimore, is the nation's largest producer of reliable, emissions-free energy and a leading energy supplier to businesses, homes and public sector customers nationwide, including three-fourths of Fortune 100 companies. With annual output that is nearly 90% carbon-free, our hydro, wind and solar facilities paired with the nation's largest nuclear fleet have the generating capacity to power the equivalent of 16 million homes, providing about 10% of the nation's clean energy. We are committed to investing in innovative technologies to drive the transition to a reliable, sustainable and secure energy future. Follow Constellation on LinkedIn and X.
CBS News
14-02-2025
- Business
- CBS News
NYC's new area code is revealed. Here's when it will be activated.
New York City's new area code has been revealed about three weeks after it was first announced. The New York State Public Service Commission said Thursday phone numbers starting with 465 will eventually be assigned to customers in all five boroughs. The 465 area code will be used with new phone numbers in the Bronx, Brooklyn, Queens, Staten Island and the Marble Hill section of Manhattan as early as October 2026, according to the commission. It will not be assigned until every 347, 718, 917 and 929 number is taken. Existing phone numbers will not change. Why is NYC getting a new area code? In January, the Public Service Commission approved what's known as an all-services area code overlay for New York City. "With increased telephone usage, we must accommodate the growing demand for phone numbers," Commission Chair Rory M. Christian said Thursday. "The new area code will ensure that there are enough phone numbers available for New Yorkers." Officials said demand for new phone numbers is largely driven by new technology, like cellphones and tablets, and is a sign of economic growth. Long Island got a new area code in January 2023, when it shifted from 516 to 363. For the past several years, new area codes in New York and the U.S. were created using the same overlay method, officials said. Renee Anderson contributed to this report. © 2025 CBS Broadcasting Inc. All Rights Reserved.
Yahoo
13-02-2025
- Business
- Yahoo
New York City gets new area code
New Yorkers are getting a new area code. The new all-services overlay area code, 465, will be rolled out across the Bronx, Brooklyn, Queens, Staten Island and Marble Hill, the New York State Public Service Commission said in a statement on Thursday. The agency announced the change earlier this year, citing an increased demand for phone numbers in the region. The existing area codes — 347, 718, 917 and 929 — are expected to be exhausted by early 2026, at which point the new numbers will start being assigned. Those who already have the digits as part of their phone numbers, however, will not experience a change. 'There is a clear need for more telephone numbers as a result of economic growth and activity in the New York City metro areas, therefore, an additional area code is required,' Commission Chair Rory Christian said in a statement. 'The new area code overlay will be able to address the expansion of telecommunication services which serves this region and to support future demand.' New York City has seen several new area codes pop up over recent decades, most recently in 2011, when 929 was announced.
CBS News
11-02-2025
- Business
- CBS News
Gov. Kathy Hochul fights proposed Con Edison rate hikes, calls for audit of management compensation
NEW YORK -- Gov. Kathy Hochul says Con Edison needs to get back to the drawing board after proposing significant double-digit increases for natural gas and electric bills. The governor announced Tuesday she is fighting against the utility's rate hike, which would increase the average electric bill 11.4% and the average natural gas bill 13.3%, saying, "The burden is already heavy." "I'm calling on the Department of Public Service to reject Con Ed's proposal for these exorbitant rate increases," Hochul said. She said she is sending a letter to the chair and CEO of the New York State Public Service Commission. Hochul said she's also directing the DPS to conduct a first-of-its-kind audit of Con Ed's management compensation. "I want to make sure that they're being responsible in how they use our ratepayer dollars," she said. New Yorkers concerned about proposed Con Ed rate hikes On Tuesday morning, the Queens Borough Cabinet livestreamed a meeting in which Con Ed presented ways customers can help lower bills. Shortly after, Queens Borough President Donovan Richards applauded Hochul's stance, pointing out long-standing Con Ed infrastructure issues throughout the borough. "Just last week, we took outages consistently in Rosedale," he said. "For you to ask residents, everyday New Yorkers, to come back, and Queens residents especially, to escalate their bills and then the infrastructure not be in place or something, that is unacceptable." The hike is also a big concern for seniors. "Eighteen percent of the city's older adults live in poverty, below the poverty line," AARP New York State Director Beth Finkel said, "and these high utility rates are contributing to it." According to the DPS, the process to determine if it will approve a rate increase takes about a year and will include a public hearing.
