Corporate News: Page 18
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North Carolina passes bill expected to give Duke timely cost recovery, implement clean energy plan
Gov. Roy Cooper, D, is expected to sign the bill, though opponents say it could drive up electric rates by 50%.
By Ethan Howland • Updated Oct. 8, 2021 -
Alevo
16 utilities took $1.2B in COVIDÂ relief while continuing power shutoffs: report
A new report is critical of the U.S. utilities that received millions from the government's pandemic recovery stimulus while they were shutting off customer power almost 1 million times.
By Robert Walton • Oct. 1, 2021 -
Explore the Trendlineâž”
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 -
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SoCal residents blast SoCalGas plan to settle Aliso Canyon lawsuits for up to $1.8B, continue push for shutdown
The agreements will not cover a separate investigation by the California Public Utilities Commission to determine whether the utility should face fines related to the leak at the natural gas storage facility.
By Kavya Balaraman • Sept. 29, 2021 -
Courtesy of Fluence
AES-Siemens joint venture Fluence joins raft of storage firms moving to go public
As the storage market booms, firms like ESS, Stem and Energy Vault have all gone public.
By Jason Plautz • Sept. 29, 2021 -
PSEG plans $900M in upgrades to 'last-mile' reliability, EV infrastructure
The work-from-home shift in society and an expected transition to electric transportation has added almost a billion dollars to PSEG's capital spending plan for 2021-2025.
By Scott Van Voorhis • Sept. 28, 2021 -
PPL makes 'small' investment to gain insight into 'innovative' $2.5B SOO Green transmission project
The 350-mile proposed line would connect the MISO and PJM grids, bringing wind power from Iowa to Illinois. PPL has bought in for an undisclosed amount, looking to study new ways of developing transmission.
By Robert Walton • Sept. 27, 2021 -
Chip Somodevilla via Getty Images
SEC asks companies for details on impact of climate change
The SEC has asked CFOs for details about the risks and opportunities from climate change while preparing a proposed rule on disclosure.
By Jim Tyson • Sept. 24, 2021 -
Scott Olson via Getty Images
OpinionWith huge grid infrastructure investment looming, NextEra, PG&E offer lessons on the key role of ESG
With a House vote expected on nearly $70 billion of grid infrastructure investments, utilities and energy providers must respond to a call to action for investing in social impact, sustainability, and corporate responsibility, the authors assert.
By Ryan P. Martin and Jan Maceczek • Sept. 24, 2021 -
Mark Wilson via Getty Images
AEP has most to gain among US utilities from transmission reforms, incentives: Morgan Stanley
A handful of utilities stand to benefit from a suite of policies and investments the federal government is considering, according to a Sept. 21 research note.
By Robert Walton • Updated Sept. 24, 2021 -
Courtesy of Entergy
New Orleans City Council votes to investigate Entergy's Ida-related failures
City leaders have also asked state regulators and the Federal Energy Regulatory Commission to investigate the company, with a particular focus on transmission failures.
By Robert Walton • Updated Sept. 24, 2021 -
Retrieved from Flickr.
Archaea Energy merger completed, setting up major landfill renewable natural gas producer
Archaea and Aria Energy have joined forces in a deal led by a special purpose acquisition company, signaling that the waste industry sees increasingly lucrative potential in high-Btu landfill gas projects.
By Cole Rosengren • Updated Sept. 16, 2021 -
David McNew via Getty Images
BlackRock losing 'patience' on pace of corporate ESG disclosure
The hedge funds that lead most proxy battles seek to ride a rising tide of investor concern about sustainability.
By Jim Tyson • Sept. 20, 2021 -
Courtesy of Entergy
New Orleans council chief calls for investigation into Entergy's Hurricane Ida response
Councilmember Helena Moreno plans to introduce a resolution calling for an investigation into Entergy’s storm response and related issues at the City Council’s Sept. 22 meeting.
By Scott Van Voorhis • Sept. 17, 2021 -
Scott Olson via Getty Images
Landmark Illinois climate bill resolves standoff over Exelon nuclear plants
The legislation also provides a road map for sunsetting the state’s coal-fired plants while setting a target of 40% renewable power for the state’s power sector by 2030.
By Scott Van Voorhis • Sept. 15, 2021 -
Spencer Platt via Getty Images
Utility shutoff moratoriums protected many consumers earlier in the pandemic. What happens now?
Cities and states are looking at how to help residents likely to lose power once utility shutoff moratoriums end.
By Jason Plautz • Sept. 9, 2021 -
Permission granted by Avangrid
Avangrid deal for PNM enters final stages of New Mexico regulatory review
Avangrid has made additional concessions in a bid to win regulatory approval in New Mexico for its acquisition of PNM Resources.
By Scott Van Voorhis • Sept. 7, 2021 -
Time running out for Exelon's Byron and Dresden nuclear plants as Illinois Senate passes major energy bill
The state Senate's clean energy package, which still needs to pass the House of Representatives, would provide nearly $700 million over five years for the nuclear power sector.
By Scott Van Voorhis • Sept. 2, 2021 -
Davis Turner via Getty Images
Duke explores shutting coal-fired plants by 2030 in South Carolina plans
The revised plans come after South Carolina regulators voted in late June to reject the utility's previous proposals and send the company back to the drawing board.
By Scott Van Voorhis • Sept. 1, 2021 -
Tesla plan to sell electricity in Texas would cut out the 'middleman'
The company's move to leverage its solar and storage buildout could make it a unique player in Texas' electricity market, one analyst said.
By Jason Plautz • Sept. 1, 2021 -
Courtesy of Entergy
Transmission tower destroyed by Ida likely to complicate power restoration in New Orleans, experts say
As Entergy scrambles to restore power in the Gulf region, the collapse of a major transmission tower could complicate matters, experts say.
By Scott Van Voorhis • Aug. 31, 2021 -
Adrian Ace Williams via Getty Images
Historic drought slashes hydropower generation in California, other Western states
The decline in hydropower, and the scramble to replace it with other sources, is putting financial pressure on local utilities in Western states.
By Scott Van Voorhis • Aug. 24, 2021 -
Adeline Kon/Utility Dive
As momentum for hydrogen builds, electric utilities chart multiple paths forward
Utilities interested in the hydrogen market are considering the fuel for carbon-free generation and for new business models on the horizon.
By Emma Penrod • Aug. 18, 2021 -
Permission granted by NuScale Power
Nuscale to consider Xcel to operate its advanced nuclear reactors
The discussions could indicate Xcel's efforts to "keep its nuclear assets in the game," one expert said, and ease the path to full operations for NuScale's small modular reactor clients.
By Iulia Gheorghiu • Aug. 17, 2021 -
Illinois regulators launch probe of ComEd in wake of bribery scandal
The Illinois Commerce Commission is investigating whether ComEd stuck ratepayers with the bill for patronage hires and other money spent in a bribery case involving one of the state's most powerful politicians.
By Scott Van Voorhis • Aug. 16, 2021 -
PSEG unloads fossil fuel plants for $1.9B in push toward decarbonization
PSEG is taking another big step towards cleaning up its grid, with the New Jersey utility announcing plans on Thursday to sell a 6,750 MW portfolio of fossil-fuel plants for $1.92 billion.
By Scott Van Voorhis • Aug. 13, 2021
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