Corporate News: Page 17


  • Solar panels on residential North Carolina home
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    Courtesy of Duke Energy
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    Duke net metering agreement with renewables advocates expected to increase North Carolina solar adoption

    Clean energy advocates expect the proposed rates, similar to a Duke plan approved in South Carolina, to expand the distributed solar market for homeowners and businesses.

    By Iulia Gheorghiu • Dec. 1, 2021
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    Justin Sullivan via Getty Images
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    Opinion

    Irreconcilable conflict? Lessons from the Central Maine Power transmission corridor debacle

    The Central Maine Power corridor debate shows public support must be built for much-needed infrastructure through strategic, long-term transmission and distribution planning, the author writes.

    By Rebecca Schultz • Nov. 30, 2021
  • A picture of wind turbines in front of solar panels in Palm Springs, California. Explore the Trendlineâž”
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    Kevork Djansezian via Getty Images
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    Trendline

    Sustainability

    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
  • Utility Dive interview series
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    Yujin Kim/Utility Dive
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    Column

    Taking Charge: Kore Power CEO Lindsay Gorrill on building a battery manufacturing ecosystem in Arizona

    The storage industry executive says building a domestic supply chain is essential to meeting the country's clean energy goals. 

    By Jason Plautz • Nov. 24, 2021
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    David McNew via Getty Images
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    First Solar announces its largest-ever single order of solar modules — 5.4 GW to bp and affiliate

    The purchase represents First Solar's third record-setting sale to close this year, according to a company spokesperson, and might indicate a growing interest among solar developers in larger, longer-term procurement deals.

    By Emma Penrod • Nov. 23, 2021
  • U.S. Bank
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    Permission granted by U.S. Bank
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    US Bank pledges net-zero emissions by 2050, in a first among regionals

    The bank also aims to put $50 billion by 2030 toward financing customers and projects that have a positive environmental impact. It said it is establishing a framework to more clearly track that figure.

    By Dan Ennis • Nov. 15, 2021
  • Power lines and power generating windmills rise above the rural landscape on June 13, 2018 near Dwight, Illinois.
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    Scott Olson via Getty Images
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    Entergy Mississippi readies push into renewable power with plans to add 1 GW

    The utility's decision is part of a larger plan designed to help counteract soaring natural gas costs on its gas-fired electric plants.

    By Scott Van Voorhis • Nov. 11, 2021
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    Scott Eisen / Stringer via Getty Images
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    Planned GE power and renewable energy spinoff poised for major growth, analysts say

    The utility sector's increasingly rapid shift towards decarbonization should provide significant opportunities for GE's move, which it expects to complete by early 2024.

    By Scott Van Voorhis • Nov. 10, 2021
  • Dominion offshore wind turbine Virginia
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    Courtesy of Dominion Energy
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    Dominion pushes ahead with shift from non-regulated assets, echoing Exelon, DTE and other utilities

    The company continues on a path to focus on its "attractive regulated utility businesses" and to lower business risks with a new sale, according to its chief financial officer.

    By Iulia Gheorghiu • Nov. 9, 2021
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    Christopher Furlong via Getty Images
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    Duke Energy eyes offshore wind, advanced nuclear, to meet NC decarbonization goals

    Duke Energy CEO Lynn Good told analysts Thursday the company is exploring an array of options to meet North Carolina's new decarbonization goals.

    By Scott Van Voorhis • Nov. 8, 2021
  • Construction of Vogtle Nuclear Plant Unit 4
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    Courtesy of Bechtel
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    Georgia Power's Vogtle doubles original cost amid further delay

    Revelations of a new delay and higher costs followed a unanimous vote by the Georgia Public Service Commission this week to allow Georgia Power to bill customers for $2.1 billion of the costs for Unit 3.

    By Jason Plautz • Nov. 5, 2021
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    Lukas Schulze via Getty Images
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    Global rule maker created for ESG disclosure standards

    CFOs aiming to adopt sustainability disclosure standards must currently choose from more than a dozen inconsistent, competing frameworks. 

    By Jim Tyson • Nov. 4, 2021
  • At 7 a.m., we had 888,229 power outages in Louisiana due to Ida’s destruction. Power outages continue to increase today as the storm moves through Mississippi.
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    Courtesy of Entergy
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    Entergy CEO outlines path to secure $2.5B to repair damages from Hurricane Ida

    The utility is working to offset repair costs with federal funds. The company took a $65 million revenue hit from the August hurricane, double the impact of last year's largest storm.

    By Scott Van Voorhis • Nov. 4, 2021
  • Avangrid-PNM merger in doubt after New Mexico hearing examiner warns of reliability, oversight issues

    "The potential harms of the proposed transaction outweigh the promised benefits," Hearing Examiner Ashley Schannauer wrote. The New Mexico Public Regulation Commission is expected to make a decision by the end of the year.

    By Nov. 2, 2021
  • 'A big win for customers': Stakeholders praise South Carolina Supreme Court ruling on Duke coal ash costs

    Duke had sought to raise rates in South Carolina to pay for coal ash remediation required by North Carolina. 

    By Jason Plautz • Nov. 1, 2021
  • Xcel first utility to adopt net zero carbon target across gas and electric operations, CEO says

    Xcel CEO Bob Frenzel sees hydrogen, electrification and “low methane” supplies as key tools in reaching near- and long-term greenhouse gas targets for the company's gas utility operations.

    By Nov. 1, 2021
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    APS
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    APS vows legal action after Arizona regulators deny cost recovery for $215.5M coal plant upgrades

    Regulators approved the utility’s first rate decrease since 1996, while voting against full cost recovery for APS' investment in upgrades to a coal plant being closed earlier than initially planned.

    By Scott Van Voorhis • Updated Nov. 3, 2021
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    Alexander Koerner/Getty Images via Getty Images
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    AEP to sell Kentucky operations to Liberty for $2.85B and use proceeds for renewables, transmission

    AEP plans to add 16,600 MW of renewable energy generation and cut its carbon emissions 80% below 2000 levels by 2030.

    By Oct. 27, 2021
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    Xiaolu Chu via Getty Images
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    Supply chain woes continue to crimp Tesla's vehicle, energy business

    Despite record profits, Tesla executives say supply constraints have limited the company's ability to meet growing demand. 

    By Jason Plautz • Oct. 25, 2021
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    John Moore via Getty Images
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    NextEra doubles down on green hydrogen, other renewables

    The company said Wednesday it has added more than 5,700 megawatts over the first nine months of 2021 to its backlog of renewable energy and storage projects.

    By Scott Van Voorhis • Oct. 21, 2021
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    Scott Olson via Getty Images
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    Boards facing regulatory scrutiny intensify ESG focus as SEC preps climate risk disclosure rules

    Corporate directors are waking up to the need to weave sustainability best practices into business strategy, surveys show.

    By Jim Tyson • Oct. 19, 2021
  • The sun starts to rise behind Britain's largest offshore wind farm off the Great Yarmouth coastline on July 19, 2006 in Norfolk, England.
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    Matt Cardy via Getty Images
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    Empire Wind pushes opening of New York's first offshore wind farm to 2026

    The developer told federal regulators it needs until December 2026 to build New York's first major offshore wind farm.

    By Scott Van Voorhis • Updated Oct. 16, 2021
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    Chris Hondros via Getty Images
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    JPMorgan Chase joins UN's Net-Zero Banking Alliance

    The pledge comes weeks ahead of a United Nations climate-focused conference in Glasgow, but the initiative has drawn blowback from advocates seeking stricter emissions standards.

    By Robin Bradley • Oct. 12, 2021
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    stock.adobe.com/dragonstock

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    Sponsored by HSI

    How microlearning helps utility employees adapt to the fast-changing power industry

    Utilities use microlearning to quickly and effectively train workers on changing policies and equipment.

    Oct. 11, 2021
  • An illustration of utility-scale battery storage.
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    Adeline Kon/Utility Dive
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    Battery recycling firm Li-Cycle nets $100 million investment from Koch Industries subsidiary

    The investment will support Toronto-based Li-Cycle's expansion in North America, Europe and Asia.

    By Jason Plautz • Oct. 7, 2021
  • 2020 outlook rate design image
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    Photo illustration by Brian Tucker/Utility Dive; photograph by tommaso79 via Getty Images
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    Opinion

    US utilities have billions in unpaid customer balances. What should they do?

    The day of reckoning will inevitably come when regulators will have to determine who pays for unpaid balances: the delinquent customer, other customers, utility shareholders, taxpayers, NGOs, or having a shared responsibility.

    By Kenneth W. Costello • Oct. 6, 2021