Corporate News: Page 18
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Deep Dive
Solar expected to see demand boom from Inflation Reduction Act in 2023 as supply chain remains uncertain
One expert anticipates a “hangover effect” from supply chain struggles will linger throughout the year.
By Diana DiGangi • Jan. 19, 2023 -
Hanwha, LG Energy Solution partner on battery production in US
The companies will collaborate to grow their battery businesses amid heightened demand for clean energy solutions.
By Megan Ruggles • Jan. 19, 2023 -
Explore the Trendline➔
Kevork Djansezian via Getty ImagesTrendlineSustainability
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 -
OSHA fines Eversource $333,560 over alleged workplace violations in accident that killed a Boston worker
The U.S. Occupational Safety and Health Administration accused the utility of not fully de-energizing electrical equipment or following the manufacturer’s maintenance recommendations.
By Stephen Singer • Jan. 17, 2023 -
Georgia Power delays Vogtle 3 start after discovering vibrations in plant’s cooling system
Georgia Power now expects Unit 3 will be placed in service in April.
By Stephen Singer • Jan. 13, 2023 -
Qcells to invest $2.5B to build complete US solar supply chain, expand annual capacity to 8.4 GW
Georgia Sen. Jon Ossoff said the expansion is the largest clean energy manufacturing project in American history and will create 2,500 jobs in the state.
By Diana DiGangi • Jan. 11, 2023 -
FERC approves Duke Energy Florida, Tampa Electric membership in Southeast Energy Exchange Market
Opponents of SEEM continue to argue that the market violates federal regulations, but a FERC majority said that question was not at issue in this membership approval.
By Diana DiGangi • Jan. 10, 2023 -
AEP Ohio seeks approval for electric security plan with $2.2B in reliability spending
The utility expects its plan will increase residential rates by about 2.3% annually over six years.
By Ethan Howland • Jan. 9, 2023 -
Avangrid-PNM merger could get 2nd review by New Mexico’s restructured Public Regulation Commission
New Mexico Gov. Michelle Lujan Grisham, who supports the utility merger, in December announced the appointment of three new members to the Public Regulation Commission.
By Robert Walton • Jan. 9, 2023 -
Sponsored by Public Service Commission of the District of Columbia
The path to climate resilience for the District of Columbia
Along with other city leaders, DCPSC Chairman Emile C. Thompson sets standards and ensures that D.C.'s clean energy transition is equitable, affordable and resilient.
Jan. 9, 2023 -
PG&E, Energy Vault plan largest US utility-scale battery, green hydrogen long-duration storage project
A city in California wine country that’s vulnerable to high winds and wildfires could switch to power held in a long-duration energy storage system relying on batteries and hydrogen.
By Stephen Singer • Jan. 6, 2023 -
Power plant developer Competitive Power Ventures launches retail supply business
CPV Retail Energy is starting operations in PJM Interconnection states and plans to expand to New England and New York.
By Ethan Howland • Jan. 6, 2023 -
Taking Charge: Exelon focuses on affordability, partnerships amid the energy transition — new CEO Butler
“What we will always consider as we go through this process is how our customers … can afford it,” Butler said. “We're going to be doing it in partnership with our regulators and our legislators.”
By Ethan Howland • Jan. 5, 2023 -
FirstEnergy agrees to pay $3.9M for failing to tell FERC about energy bill bribery payments
The utility company didn’t tell the Federal Energy Regulatory Commission about $81 million it gave to Ohio officials to pass a bill that offered $1 billion to nuclear plants it owned, according to the agency.
By Ethan Howland • Jan. 3, 2023 -
"Greater Gabbard offshore wind farm" by chpv.co.uk/SSE/RWE is licensed under CC BY 2.0
Avangrid asks regulators to dismiss 1.2-GW Commonwealth offshore wind contracts, says it plans to rebid project
Economic conditions have changed since the contracts were signed in April, making the project too expensive to build under the power purchase agreements, Avangrid told Massachusetts regulators Friday.
By Ethan Howland • Dec. 19, 2022 -
Lyft offers its ride-sharing drivers incentives to switch to EVs
The program is the latest in a series of moves Lyft has taken to fulfill its pledge to transition entirely to electric vehicles by 2030.
By Michael Brady • Dec. 13, 2022 -
Nuclear SMR developer X-energy to merge with Ares Management-backed SPAC, creating $2B company
X-energy says 67 GW from SMRs will need to be installed by 2040 in the U.S., Canada and U.K. to offset the retirement of coal and other fossil fuel plants and meet expected increases in demand.
By Stephen Singer • Dec. 7, 2022 -
Public power, cooperative utilities face ‘deteriorating’ outlook amid financial pressures: Fitch
“Sustained cost pressures and slower economic growth through 2023 will result in the most challenging operating environment the public power sector has faced in many years,” Kathy Masterson, Fitch senior director, said.
By Ethan Howland • Dec. 7, 2022 -
Wind energy industry struggles to find qualified workers: NREL
The wind industry is struggling to find experienced workers to fill open roles, while applicants report barriers to entry-level jobs that would provide that experience.
By Diana DiGangi • Dec. 1, 2022 -
Exelon, Duke, Southern, PG&E still the top utilities on Fortune 500; most show revenues up but rankings down
The utilities on the 2022 Fortune 500 list generated 13% more revenue in 2021 than they did five years earlier, but the sector remains small relative to retail, tech and healthcare giants.
By Stephen Singer • Nov. 30, 2022 -
ESG score hurts credit rating for 20% of organizations: Moody’s
More than half of organizations that issue speculative-grade debt faced a negative impact on their credit rating after a sustainability assessment.
By Jim Tyson • Nov. 29, 2022 -
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 -
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 -
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 -
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