Florida Power & Light doubles planned storage deployments to more than 4 GW over 10 years
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Power pangs: KSEB to expedite overhaul plans
KOCHI: With summer peaking and mercury crossing 400C in many parts of Kerala, households are on an air conditioner purchasing spree, driving power demand to record highs. With power consumption soaring, the KSEB is being forced to expedite upgradation of its distribution network, initially planned for 2026.As nights turn uncomfortably warm, hundreds of ACs are being added to the network every day and transformers are blowing up, unable to bear the load. The consumption peaks between 10.30pm to...
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‘Problematic power generation doubled electricity cost’
From P6 to P7 per kilowatt-hour, the cost of electricity has doubled to P11 per kwh due to problematic power generation, according to Sen. Sherwin Gatchalian.
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IRS plans to more than double its audit rate of wealthy taxpayers
The IRS is planning to ramp up audit rates of wealthy Americans and large corporations as part of its sweeping effort to crack down on tax cheats. The tax-collecting agency aims to increase the audit rates of taxpayers earning over $10 million by more than 50%. That will bring the audit rate for these individuals to 16.5% in 2026, compared with 10% in 2019. It also plans to nearly triple audit rates on large corporations with assets over $250 million, as well as increase the audit rates of...