Corporate News: Page 25
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Uber expands EV platform to 1,400 new cities
The company is striving for 100% of its rides to take place in zero-emission vehicles, public transit and micromobility.
By Kristin Musulin • Updated Jan. 13, 2021 -
Taking Charge: Decisionmakers shaping the future of the power sector
Utility Dive turns to the CEO of Fluence to discuss the role of storage in high renewable energy integration, and more.
By Utility Dive Editors • Sept. 4, 2020 -
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 -
Cutting ties with ComEd could cost Chicago $8.8B, report finds
As a result of the hefty expected costs of separation, city leaders say creating Chicago's own municipal utility is likely not feasible.
By Iulia Gheorghiu • Sept. 1, 2020 -
Deep Dive
As utility collaboration with charging companies rises, emerging differences could impede EV growth
To accelerate EV charging infrastructure deployment, former competitors are working together, but new questions threaten to lead to dissension.
By Herman K. Trabish • Aug. 31, 2020 -
Column
Taking charge: Fluence CEO Manuel Pérez Dubuc views storage as the 'holy grail' for high renewables
"We really need to prepare ourselves for scaling up the company, and I think that’s my role," Dubuc told Utility Dive in a recent interview.
By Kavya Balaraman • Aug. 28, 2020 -
Wasatch Group, sonnen plan 24 MW, 60 MWh virtual power plants in California for $130M
The companies are beginning the first of seven retrofit projects in September in a Fresno apartment community, planning to add 3,000 batteries and solar power to homes.
By Iulia Gheorghiu • Aug. 27, 2020 -
Opinion
Utilities response to the pandemic — heads - shareholders win; tails - consumers lose
Colorado is a case study where even consumer advocates treat it as a foregone conclusion that consumers will be on the hook for the consequences of an economic downturn, and utilities will be allowed to pocket the savings.
By Frances Koncilja • Aug. 24, 2020 -
As North Carolina regulators block another pipeline, Duke searches for options to meet gas demand
Following North Carolina's denial on Tuesday of a key water permit for the Mountain Valley Pipeline extension and the cancellation of the Atlantic Coast Pipeline, the utility is exploring its options.
By Iulia Gheorghiu • Aug. 13, 2020 -
Sunrun posts Q2 loss but anticipates storage boost as battery prices fall, blackouts persist
Sunrun has developed a pipeline of deals to provide grid services, such as virtual power plants, in half of the regions it operates, CEO Lynn Jurich said during the company's second quarter earnings call.
By Iulia Gheorghiu • Aug. 12, 2020 -
Budget pressures, COVID-19 drive Boulder to settlement talks with Xcel Energy
After 10 years of work toward establishing municipal power generation, the City of Boulder has announced a proposed settlement with Xcel Energy to continue progress toward clean energy at lower cost.
By Emma Penrod • Aug. 11, 2020 -
PPL to exit UK market, focus on growing US utility investments
The simplified corporate structure aims to "unlock shareowner value," said PPL officials. The company's first-half earnings have taken a hit from the COVID-19 pandemic, but full-year guidance remains stable.
By Robert Walton • Aug. 11, 2020 -
After ComEd bribery case, Illinois groups push for changes to clean energy bill
The groups want to undo recent rate increases from Ameren Illinois and ComEd, but the state Chamber of Commerce will not support the update if it still protects Exelon's nuclear plants.
By Iulia Gheorghiu • Aug. 6, 2020 -
Sempra Energy bullish on hydrogen as California navigates natural gas future
The company sees opportunities in power generation, industrial processes and fueling heavy-duty transportation, an executive said.
By Kavya Balaraman • Aug. 5, 2020 -
bp targets $5B annual renewables spending, 50 GW by 2030
The international oil company gave greater insight into its plan to reach carbon neutrality by 2050 after taking a $16.8 billion hit in Q2 of this year.
By Catherine Morehouse • Aug. 5, 2020 -
WEC Energy Group targets carbon neutrality by 2050 after hitting emissions goals a decade early
The Wisconsin-based electric provider plans to nearly double existing emission reductions over the next decade with a $900 million investment in renewable energy.
By Emma Penrod • Aug. 4, 2020 -
Dominion shakes up leadership, focuses on renewables after pipeline cancellation
CEO Tom Farrell is transitioning to a new role in a "long designed succession process" as the company takes a $2.8 billion charge related to the canceled Atlantic Coast Pipeline.
By Iulia Gheorghiu • Aug. 3, 2020 -
PG&E faces soaring insurance costs, leadership changes in rest of 2020
PG&E Corp. recorded a $1.97 billion loss in the second quarter of 2020, compared to a $2.55 billion loss during the same period last year.
By Kavya Balaraman • July 31, 2020 -
GE's renewables division reports nearly $200M in Q2 losses due to COVID-19 delays
GE Renewable Energy reported year-over-year orders down 19%, but revenues for the first half of 2020 have increased slightly, hinting at a gradual recovery after cost-saving measures.
By Emma Penrod • July 31, 2020 -
ComEd CEO says no ratepayer funds involved in alleged bribery, misconduct
While Illinois regulators pledge to investigate ComEd's actions, recent reports of Chair Carrie Zalewski's connections to the scandal led to requests for her to resign or recuse herself.
By Iulia Gheorghiu • July 30, 2020 -
Tesla sues Rivian alleging trade secret theft as companies jockey for EV dominance
Tesla says Rivian persuaded employees to misappropriate specific confidential information before leaving Tesla, according to the company’s filing in California Superior Court.
By Guy Burdick • July 30, 2020 -
Citi, Bank of America join Morgan Stanley in carbon disclosure group
Citi also pledged $250 billion over the next five years to finance low-carbon solutions in renewable energy, water quality and conservation, sustainable transportation, green buildings and sustainable agriculture.
By Dan Ennis • July 30, 2020 -
Ohio political scandal nicks AEP stock price, FirstEnergy CEO clarifies defense as shares languish
AEP supported passage of Ohio HB 6 bailing out FirstEnergy’s nuclear plants but denies any direct involvement with the dark money group that is now the target of $61 million federal racketeering probe.
By John Funk • July 29, 2020 -
FirstEnergy CEO counters alleged company role in $61M bribery scheme during Q2 earnings call
Despite a profitable second quarter, FirstEnergy's share price struggled to reach $30 after a brutal decline last week.
By John Funk • July 27, 2020 -
Ohio governor says nuclear bailout bill 'tainted' by alleged bribery, calls for repeal
FirstEnergy's shareholders are facing huge losses as the FE share price tumbles. A dozen nationally ranked investor-oriented law firms announced intentions Wednesday to file class action lawsuits against FE on behalf of shareholders.
By John Funk • Updated July 23, 2020 -
Top Ohio lawmaker charged with accepting $61M bribe in scheme to pass nuclear bailout
FBI agents arrested Ohio House Speaker Larry Householder and four high-powered political consultants yesterday on bribery charges, following an investigation into how he allegedly engineered controversial legislation in 2019.
By John Funk • July 21, 2020