Corporate News: Page 14
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Permission granted by American Electric Power
AEP Q2 results belie recession talk as sales jump 3.5%, helping drive earnings growth, officials say
American Electric Power plans to launch a sales process for its unregulated renewable fleet by early September, officials said Wednesday in an earnings call.
By Ethan Howland • July 28, 2022 -
Justin Sullivan via Getty Images
Tesla rewrites software to get around chip shortages hampering EV production
The semiconductor deficit has prompted the automaker to reduce the number of chips needed to produce a single vehicle.
By Sarah Zimmerman • July 27, 2022 -
Explore the Trendlineâž”
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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 -
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NextEra plan for 200 MW solar, 75 MW storage at shuttered nuclear plant approved by Iowa regulators
An Alliant Energy utility plans to buy the project and recently increased a proposed cost cap for it by 23% because of supply chain and solar market disruptions.
By Ethan Howland • July 27, 2022 -
Alex McGuffie via Getty Images
NextEra plans to shift away from Chinese solar panels within 2 years, company leaders say
NextEra continues to see growing demand — and rising profit margins — for renewable energy, setting the company on a path for significant growth, executives say.
By Emma Penrod • July 25, 2022 -
The image by Sam Nash is licensed under CC BY-SA 3.0
State regulators approve Georgia Power's plans to retire all coal plants by 2028 except for Plant Bowen
The state’s Public Service Commission voted to decide the retirement of the remaining two units at Plant Bowen, totaling nearly 1,600 MW, in the utility’s 2025 IRP proceeding.
By Iulia Gheorghiu • July 22, 2022 -
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Sponsored by HDataPeer analysis in energy: How the FERC just made it easy
For every utility, it’s crucial to track and compare across peers. Why not leverage FERC data?
By Hudson Hollister, Founder & CEO; Luke Ashton, Regulatory Economist • July 18, 2022 -
As Mass. lawmakers consider energy bills, power suppliers press to continue residential retail choice
A petition this week from over 1,000 Massachusetts residents asks legislators to remove language supported by the Attorney General’s office intended for consumer protection.
By Iulia Gheorghiu • July 15, 2022 -
Adeline Kon/Utility Dive
Offshore wind developer Equinor to acquire battery company East Point Energy
Wind developer Equinor, based in Norway, says the acquisition will allow it to “build a portfolio of battery storage assets in the U.S.”
By Robert Walton • July 14, 2022 -
Drew Angerer via Getty Images
Interest in EVs has grown substantially, survey shows
A Consumer Reports survey shows 14% of consumers would buy or lease an electric vehicle if shopping today, but high purchase costs and low awareness of incentives remain barriers.
By Dan Zukowski • July 8, 2022 -
Idaho Power kicks off process to consider net metering study
Regulators must assess the study as a “credible and fair” analysis before the utility proposes changes to net metering, but environmental advocates see the effort as a path for Idaho Power to restrict distributed solar.
By Iulia Gheorghiu • Updated July 7, 2022 -
Power supply groups urge FERC to reform Western offer cap to avoid market uncertainty
Recent Federal Energy Regulatory Commission offer cap decisions threaten power suppliers’ willingness to sell electricity in tight conditions, industry groups said.
By Ethan Howland • June 30, 2022 -
Salem Harbor to pay $17.1M fine, disgorge profits to settle allegations it improperly received ISO-NE capacity payments
Salem Harbor Power Development asked a Delaware bankruptcy court on Tuesday to approve the settlement as part of the company’s ongoing Chapter 11 restructuring proceeding.
By Robert Walton • Updated June 29, 2022 -
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Gensler sees limit to SEC rule on carbon emissions disclosure
The U.S. Securities and Exchange Commission would only require disclosure on carbon emissions across a supply chain from companies that have publicly committed to revealing such information, Chair Gary Gensler said.
By Jim Tyson • June 15, 2022 -
Glen Richard via Getty Images
NextEra Energy plans to cut all carbon emissions by 2045, partly via FPL adding 140 GW of solar, storage
NextEra said Tuesday it can implement its carbon reduction plan without greenhouse gas offsets or increasing customer costs.
By Ethan Howland • June 14, 2022 -
Justin Sullivan via Getty Images
Toyota enters energy storage market, launching residential battery product in Japan
The storage system’s vehicle-to-grid capabilities will provide “balancing in places where the grid system allows bidirectional charging,” providing power at “times of high energy use,” the company said.
By Elizabeth McCarthy • June 14, 2022 -
Permission granted by NuScale Power, LLC
Newly public small modular reactor developer NuScale reports increased losses, big cash infusion
NuScale officials say they have enough cash on hand to last through 2024 as they work to deploy the company’s first small modular reactor by 2029.
By Elizabeth McCarthy • June 8, 2022 -
Permission granted by NuScale Power
NuScale makes public debut but requires 'a lot of financing' to launch small nuclear reactor in 2029
Will being the first publicly traded small modular reactor company allow it to beat out its competitors?
By Elizabeth McCarthy • June 1, 2022 -
Andrew Renneisen via Getty Images
Climate-related disclosure annually costs companies $677,000 on average
The Securities and Exchange Commission is pushing a climate risk disclosure rule that would require companies to budget for detailed analysis of their greenhouse gas emissions.
By Jim Tyson • May 26, 2022 -
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Duke Energy proposes new solar, wind and nuclear, but environmentalists decry reliance on gas
Cutting emissions 70% by 2030 is possible, according to a proposal by Duke Energy, but may require some adjustments to the portfolios imagined by state law makers.
By Emma Penrod • May 17, 2022 -
Exelon earnings fall after generation spin-off, but clean energy plans promise increased growth
The utility is planning $29 billion in capital investments and expects annual growth of 6% to 8% in operating earnings through 2025, company officials said Monday.
By Elizabeth McCarthy • May 11, 2022 -
Retrieved from Pixabay on January 18, 2022
Duke Energy on track to meet 2022 solar project schedule despite shortages, CEO says
However, the fate of projects slated for 2023 and beyond remains uncertain pending the Department of Commerce’s investigation into solar tariff circumvention, CEO Lynn Good told investors on Monday.
By Emma Penrod • May 10, 2022 -
NiSource cites Commerce Department solar investigation in plans to delay coal plant retirements
The company's plans to retire its coal units by 2023 could be postponed, according to its quarterly earnings filing on Wednesday, as it foresees up to 18 months of delays in new solar deployments.
By Iulia Gheorghiu • May 5, 2022 -
Justin Sullivan via Getty Images
Global ESG standard-setting gains speed
Regulators and other standard-setters worldwide are now building a consensus behind uniform rules for gauging sustainability.
By Jim Tyson • May 5, 2022 -
Photo illustration by Brian Tucker/Utility Dive; photograph by tommaso79 via Getty Images
Power shutoff study highlights need for transparency into investor-owned utility debts, groups say
An updated study of shutoffs during the pandemic highlights increases in shareholder dividends and executive compensation, but it oversimplifies the issue of accumulated debt, according to the Edison Electric Institute.
By Iulia Gheorghiu • May 4, 2022 -
PSE&G continues to grow rate base, expects decision on $848M 'last mile' program this fall
Regulated investments "are producing predictable utility growth," company officials said Tuesday. The utility's parent company is planning up to $17 billion in capital investments through 2025.
By Robert Walton • May 4, 2022
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