Utilities File 1st Q Heat Pump Numbers June 08 2020

Recent rate case settlements have included Beneficial Electrification Earning Adjustment Mechanisms (EAMs) under which utilities can earn bonuses for their stockholders by cutting carbon emissions through encouraging customers to buy electric vehicles or heat pump systems.

A few of the utilities have filed 1st Quarter EAM reports with numbers that seem like they were certainly impacted by the Coronavirus's shut down of the economy. See table below. The links to the EAM reports can be found here: National Grid, Central Hudson and Orange & Rockland.