Corporate News: Page 12
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AEP’s Public Service Co. of Oklahoma proposes buying 995 MW of wind, solar from Invenergy for $2.5B
PSO expects the renewable energy facilities will produce $1 billion in tax credits and increase rates by 2.1%.
By Ethan Howland • Nov. 21, 2022 -
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SDG&E partners with General Motors to study electric vehicle bidirectional charging potential
The collaboration will focus on three bidirectional capabilities: the ability for vehicles to support home energy needs, send energy back to the grid or participate in a virtual power plant.
By Robert Walton • Nov. 16, 2022 -
Explore the Trendline➔
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TrendlineSustainability
Companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.
By Utility Dive staff -
Courtesy of Dominion Energy
Dominion Energy launches ‘top-to-bottom’ review of businesses
No option will be off the table as the Richmond, Virginia-based company seeks to create “significant long-term value for our shareholders,” President and CEO Robert Blue said Friday.
By Rod Kuckro • Nov. 7, 2022 -
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Duke Energy greenlights sale of $4B commercial renewable energy unit amid ‘robust’ interest
Proceeds from the sale will help the company reduce debt and lower costs associated with decarbonization amid rising interest rates, CEO Lynn Good told investors on Friday.
By Emma Penrod • Nov. 7, 2022 -
DTE Electric proposes $9B spend on 5.4 GW renewables, 760 MW storage, coal-to-gas power plant switch
The Detroit-based utility aims to exit coal in 2035, with carbon capture and small nuclear reactors as replacement options.
By Ethan Howland • Nov. 4, 2022 -
Retrieved from Climate Leadership Conference on November 03, 2022
Exelon CEO Crane to retire at year end under accelerated succession plan
Exelon Chief Operating Officer Calvin Butler Jr. will succeed Crane, who moved up his retirement plans after learning of “significant” health issues.
By Ethan Howland • Nov. 3, 2022 -
Toshe O via Getty Images
PG&E launches vehicle-to-grid export rate for commercial electric fleets to help meet peak demand
The new three-year pilot will cost ratepayers up to $1.52 million.
By Elizabeth McCarthy • Nov. 2, 2022 -
Permission granted by Dan Zukowski
Tesla revamps EV production schedule to ease logistics strains in its delivery network, Elon Musk says
The EV maker is transitioning to a more evenly spread schedule throughout the quarter to avoid logistics capacity strains.
By Kate Magill • Nov. 2, 2022 -
Joe Raedle/Getty Images via Getty Images
NextEra says FPL’s speedy Hurricane Ian recovery could cost customers $1.1B
The company also plans to acquire $1.1 billion in renewable natural gas assets. Similar investments are likely to grow under the Inflation Reduction Act, executives said Friday morning in a third-quarter earnings call.
By Emma Penrod • Oct. 31, 2022 -
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Electric utilities aren’t doing enough to address inequities in today’s power system, advocates say
How are companies, regulators, NGOs and others ensuring that the energy transition is equitable?
By Robert Walton • Oct. 28, 2022 -
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Deep DiveESG backlash unlikely to derail SEC climate risk rule
SEC Chair Gary Gensler faces growing resistance to the agency’s proposal that companies provide detailed disclosures on carbon emissions.
By Jim Tyson • Oct. 28, 2022 -
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Engie buys 6-GW solar and storage development portfolio from Belltown Power
The deal for projects in PJM, ERCOT and other markets comes as Consolidated Edison, American Electric Power and Duke Energy move to sell their unregulated renewable energy businesses.
By Ethan Howland • Oct. 28, 2022 -
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Clean energy supply bottlenecks hit overburdened communities the hardest, utilities and advocates say
The Inflation Reduction Act and an equity focus should help reverse the trend, however.
By Elizabeth McCarthy • Oct. 27, 2022 -
Drew Angerer/Getty via Getty Images
Apple calls on suppliers to decarbonize operations by 2030
Major suppliers, including chip vendor TSMC, have pledged to power 100% of production for the tech giant with renewables.
By Sarah Zimmerman • Oct. 26, 2022 -
https://unsplash.com/@claritycontrol
Deep DiveThe energy system is ‘inherently racist,’ advocates say. How are utilities responding to calls for greater equity?
Utility commitments to customer equity, energy affordability and equitable access to clean energy resources are becoming more common, but energy justice advocates say companies need to do more.
By Robert Walton • Oct. 26, 2022 -
Courtesy of Walmart
5 Walmart suppliers team up on renewable energy buy
Levi Strauss, J.M. Smucker and three others completed the first aggregated power purchase agreement under the retailer’s Project Gigaton, which encourages vendors to reduce their greenhouse gas emissions.
By Sarah Zimmerman • Oct. 25, 2022 -
Danielle Ternes/Utility Dive
Deep DiveElectric utility CEO pay gap widens as groups push to link executive compensation and decarbonization
An increasing CEO-to-employee pay ratio is being driven in part by a decline in median employee pay, which could indicate a higher paid, more experienced workforce is retiring.
By Iulia Gheorghiu , Julia Himmel • Oct. 18, 2022 -
Permission granted by Esme Howland
Coaltrain Energy agrees to pay $4M to settle FERC allegations the company manipulated PJM’s market
The Federal Energy Regulatory Commission, which had been seeking $42.1 million from the trading firm, ordered the PJM Interconnection to allocate the Coaltrain proceeds to the grid operator’s members.
By Ethan Howland • Oct. 17, 2022 -
Courtesy of Divert
Divert to provide renewable natural gas for BP from food waste digesters via 10-year contract
The $175 million agreement involves gas from three upcoming food waste digesters in California, Pennsylvania and Washington. It marks the latest sign of investment into waste-related projects that produce renewable natural gas.
By Cole Rosengren • Oct. 13, 2022 -
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Brookfield, Cameco partner to buy nuclear services company Westinghouse in $7.9B deal
The deal is driven by a resurgence in nuclear generation spurred by efforts to cut carbon emissions, the companies said Tuesday.
By Ethan Howland • Oct. 12, 2022 -
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Evergy, Avista, Portland General Electric earnings poised to jump on hotter Q3, says Bank of America
Black Hills, Idacorp, Oklahoma Gas & Electric and CenterPoint could also benefit financially from the summer’s sizzling temperatures, BofA Global Research said Monday.
By Robert Walton • Oct. 11, 2022 -
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AES Ohio outlook turns negative on weak financial performance, uncertain regulatory support: Moody’s
The negative outlook reflects “persistently weak” financial performance and heightened uncertainty around the utility's relationship with the Public Utilities Commission of Ohio, the ratings agency said Friday.
By Ethan Howland • Oct. 10, 2022 -
istockphoto
Sponsored by QuestlineUtilities trying new strategies to boost dynamic pricing enrollments
How utilities are boosting enrollment in alternative rate plans with customer outreach and education.
Oct. 10, 2022 -
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AEP eyes sale of competitive retail business in PJM as company focuses on regulated wires, renewables
American Electric Power expects to dedicate 65% of its $40 billion in capital expenditures over the next five years toward transmission and distribution, company officials said Tuesday.
By Ethan Howland • Oct. 5, 2022 -
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Consolidated Edison sells renewable energy businesses to Germany’s RWE for $6.8B
The deal allows Consolidated Edison, the electricity provider in New York City, to “sharply focus on our core utility businesses” and the state’s energy transition, company officials said.
By Robert Walton • Oct. 3, 2022
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