Corporate News: Page 16
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OpinionSupplier-consolidated billing: A tool for innovation and accountability in retail energy markets
States can learn from the efforts of Maryland regulators to explore innovation opportunities in the most important touchpoint for customers — their utility bill — the author writes.
By Travis Kavulla • March 7, 2022 -
Sean Gallup via Getty Images
SEPA offers decision-making framework to help organizations develop decarbonization plans
Based on published research and the real-world experiences of industry leaders, the report is intended to reduce decision paralysis around decarbonization, SEPA said.
By Emma Penrod • March 3, 2022 -
Explore the Trendline➔
Kevork Djansezian via Getty Images
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 -
Electricity prices and customer debt are rising: 'There will be suffering,' warns consumer advocate
In Massachusetts alone, electric and gas customer accounts 90 days or more past due are now in excess of $500 million, according to the National Consumer Law Center.
By Robert Walton • March 3, 2022 -
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Could Russia's invasion of Ukraine mean fewer near-term cyberattacks on US utilities?
U.S. critical infrastructure providers are on high alert, but — at least for now — the conflict in Europe could signal a lull in utility ransomware attacks, according to one security consultant.
By Robert Walton • March 1, 2022 -
Getty Images
OpinionMaking corporate net-zero rhetoric real in 2022
Every part of the C-suite must make decisions that will impact their companies for years to come, the authors assert.
By Chris Deri and Sasha Mackler • Feb. 28, 2022 -
Matthew Leete via Getty Images
Sponsored by EYCan energy providers overcome digital plateaus to meet consumer demands? Three steps to success
How energy providers can unlock the value of digital and build trusted relationships with customers.
By Greg Guthridge, EY Global Energy & Resources Customer Experience Transformation Leader • Feb. 28, 2022 -
New Jersey will need nuclear at least until 2050, may extend ZEC cycle: PSEG CEO
The utility is focused on clean energy investments after completing the sale of almost 7 GW of fossil generation. CEO Ralph Izzo expects the process of subsidizing PSEG's nuclear plants will extend beyond the 3-year cycle.
By Robert Walton • Feb. 25, 2022 -
Permission granted by American Electric Power
AEP to sell unregulated wind and solar assets to sharpen focus on transmission, regulated renewables
AEP plans to spend $38 billion over five years to foster a "major transformation," according to CEO Nick Akins.
By Ethan Howland • Feb. 25, 2022 -
Joern Pollex via Getty Images
Largest US offshore wind lease auction attracts $4B
The Bureau of Energy Management concluded on Friday its auction for six parcels of land off the shore of New York and New Jersey, estimated to support 5.6 GW to 7 GW of development.
By Iulia Gheorghiu • Updated Feb. 28, 2022 -
iStock.com/Signal-Hill
Sponsored by QuestlineUtilities using new tactics to improve bill collection, customer experience
Two years since the coronavirus pandemic began, and energy utilities are still facing a revenue crunch. The main culprit? Customers continue to struggle paying their past due balances.
Feb. 22, 2022 -
"Dominion Resources' coal fired power plant located in central Virginia, USA beside the James River at Dutch Gap." by Edbrown05 is licensed under CC BY-SA 2.0
Dominion to expand net zero carbon reduction goals to Scope 2 and Scope 3 emissions
The multistate utility plans to invest $37 billion in decarbonization over the next five years, executives said on the fourth quarter 2021 earnings call.
By Jason Plautz • Feb. 14, 2022 -
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Louisville eyes forming public electric utility to meet climate goals
Its goal of achieving 100% clean energy communitywide by 2040 does not match the decarbonization plans of its current energy provider, leading the city to look for alternatives.
By Jason Plautz • Feb. 14, 2022 -
On track to eliminate coal by 2035, Duke expands net zero carbon goal to include indirect emissions
Duke’s decision to broaden the scope of its climate goals signals a shift in the industry, activist investors say, but supply chain constraints mean some immediate solar projects have been delayed.
By Emma Penrod • Feb. 14, 2022 -
Utility capital spending remains strong, but inflation, federal policy uncertainty complicate outlook: EEI
Investor-owned electric utilities will make capital investments of about $140 billion annually from 2021-2023, officials from the Edison Electric Institute told Wall Street analysts.
By Robert Walton • Feb. 10, 2022 -
zhongguo via Getty Images
AEP withdraws request for FERC power plant deal approval under pressure from Kentucky PSC
The dispute over the Mitchell power plant could affect Kentucky Power's pending sale to Algonquin Power.
By Ethan Howland • Updated Feb. 7, 2022 -
Permission granted by MBTA
Deep DiveMore electric buses join transit fleets as costs and technology improve
As zero-emission buses are added to more transit fleets, officials and bus manufacturers are optimistic about their potential, but they caution that planning, training and learning from other cities are needed.
By Dan Zukowski • Feb. 2, 2022 -
Courtesy of Tesla
Musk vows to accelerate Tesla solar and energy storage business in 2022
After the company's solar and storage business was "shortchanged" in 2021 amid production constraints, Tesla's CEO said the company is aiming for a "pretty vast" clean energy business.
By Jason Plautz • Jan. 27, 2022 -
NextEra CEO Jim Robo announces his retirement following company's 'strong' 2021 performance
John Ketchum, current president and CEO of NextEra Energy Resources, will take the helm after Robo steps down on March 1.
By Emma Penrod • Jan. 25, 2022 -
Adeline Kon/Utility Dive
Hydrostor secures $250 million from Goldman Sachs amid rising investor interest in long-duration storage
The investment follows a $200 million fundraising round by iron-air battery firm Form Energy and a $150 million equity commitment to long-duration storage firm FlexGen from Apollo Global Management, among other deals.
By Jason Plautz • Jan. 12, 2022 -
Permission granted by Avangrid Renewables Offshore
Massachusetts taps Vineyard Wind, Mayflower Wind to deliver an additional 1.6 GW
As Massachusetts doubled its offshore wind procurement, Maryland surpassed its 1.2 GW target by accepting two bids from U.S. Wind and Skipjack Offshore Energy.
By Iulia Gheorghiu • Dec. 20, 2021 -
Permission granted by NuScale Power
NuScale Power plans to be the first advanced nuclear reactor company to go public
The company said Tuesday it will merge with Spring Valley Acquisition to form a new entity currently valued at $1.9 billion. The transaction is expected to close in the second quarter of 2022.
By Iulia Gheorghiu • Dec. 15, 2021 -
Permission granted by Public Service Electric and Gas
Shell, KKR invest in solar + storage as renewable market booms
The oil and gas giant is acquiring solar and storage developer Savion as part of a push into renewable energy.
By Jason Plautz • Dec. 15, 2021 -
Courtesy of Fluence
Fluence expects to bring in more than $1B in revenue in 2022, touts potential of energy storage market
Fluence, as a storage technology company and not a battery manufacturer, is well positioned to ride the market’s evolution, CEO Manuel Perez Dubuc said during its first earnings call as a publicly-traded company.
By Jason Plautz • Dec. 10, 2021 -
Courtesy of X-energy
New Mexico regulators unanimously reject Avangrid-PNM merger, but observers see a second chance in 2023
Observers say it is possible the deal can be salvaged, but for now concerns over reliability and the development of renewable resources have scuttled the proposed $8 billion merger.
By Robert Walton • Dec. 9, 2021 -
Xiaolu Chu/Getty Images via Getty Images
SEC probe of Tesla over solar roof fires could have limited impact, analyst says
A former Tesla employee accused the company of failing to disclose safety risks from solar panels, prompting multiple federal investigations.
By Jason Plautz • Dec. 7, 2021
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