Corporate News: Page 33
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As PPA price drops slow for wind and solar, developers see PJM, ERCOT as top markets
Wind prices rose in Q3 across several U.S. markets, and developers are increasingly feeling the pressure of declining tax credits, according to LevelTen, which also sees strong potential in MISO.
By Iulia Gheorghiu • Oct. 17, 2019 -
FirstEnergy Solutions' shift on pensions paves way for bankruptcy exit
FES agreed to keep the traditional pensions of its power plant employees, rather than switch to 401Ks, prompting the federal bankruptcy judge to approve the company's restructuring plan.
By John Funk • Updated Oct. 16, 2019 -
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 -
Opinion
5 key takeaways from the National Grid rate case
Vote Solar partnered with the Northeast Clean Energy Council to make the interconnection process a central issue in the rate case.
By Nathan Phelps • Oct. 16, 2019 -
Regulators grant first federal permits for offshore wind to Dominion, Ørsted pilot
The 12 MW demo has "essentially" all the permits needed to build, and developers can double down on a lot of the stakeholder research and surveying efforts to propose plans for a 2,600 MW commercial project.
By Iulia Gheorghiu • Oct. 16, 2019 -
Green Mountain Power turnaround driven by customer obsession, cultural shift: CEO
Mary Powell reflects on how her HR roots helped her draw systemic changes to the utility's clean energy goals while on the cusp of bankruptcy.
By Iulia Gheorghiu • Oct. 15, 2019 -
PG&E power shutoff 'unacceptable': California calls for refunds, investigation and corrective action
The utility is defending the shutoff that impacted 2 million people last week, saying it "made that decision to keep customers and communities safe."
By Robert Walton • Oct. 15, 2019 -
Alleged National Grid management problems at 'the highest levels' prompt Massachusetts investigation
Spurred by concerns related to National Grid's electric vehicle, cybersecurity and solar programs, state regulators said they will examine the utility's strategic planning processes, staffing decisions and broad potential management issues.
By Robert Walton • Oct. 14, 2019 -
Avangrid and PPL talk potential $67B merger: Report
The companies are discussing a potential deal that would create one of the largest publicly traded U.S. utilities if completed, unnamed sources told the Financial Times.
By Iulia Gheorghiu • Oct. 14, 2019 -
Ex-generals aim to shift conservative resiliency dialogue away from coal, nuclear subsidies
An energy-focused nonprofit on Thursday introduced a grid security initiative led by national security experts to promote market-based approaches to resilience.
By Iulia Gheorghiu • Oct. 11, 2019 -
Wikimedia Commons
Mass shutoffs to remain a reality for PG&E as utility calls long-term DER solutions 'speculation'
The utility says its Public Safety Power Shutoff program is already "granular," and larger system improvements will take years.
By Robert Walton • Oct. 11, 2019 -
National Grid
There once was a 48 MWh Tesla battery on Nantucket, which saved National Grid $120M in its budget
Pairing the eight-hour battery system with a 15 MW diesel generator, the utility avoided nearly $200 million in permitting and construction costs for an undersea transmission cable.
By Iulia Gheorghiu • Oct. 10, 2019 -
Powerless: PG&E loses exclusive control of bankruptcy, shuts off power to 800K
On Wednesday, high winds forced the massive outage to reduce fire risks, while a bankruptcy judge threw the company's future into uncertainty.
By Robert Walton • Oct. 10, 2019 -
NextEra enters the picture as Jacksonville utility targets at least $6.8B in sale
Some 16 bidders responded to JEA's invitation to negotiate, with nine making it through the first round of consideration.
By Robert Walton • Updated Oct. 15, 2019 -
Frito-Lay: Matt Fenton, senior site director, Frito-Lay Modesto; Mike O'Connell, vice president, supply chain, PepsiCo; Dr. Alexander Sherriffs, board member, California Air Resources Board
Frito-Lay targets zero emissions at California freight hub with EVs, storage, renewables
As part of the company's goal to cut emissions 20% by 2030, Frito-Lay plans to remove and replace all diesel powered freight equipment at its Modesto, California, facility.
By Morgan Forde • Oct. 8, 2019 -
GE to freeze pension plans in effort to shrink deficit
In order to pare down its mounting debts, GE is taking action against the pensions of several thousand U.S. employees.
By Jane Thier • Oct. 8, 2019 -
PG&E announces $34.4B in debt financing heading into 2nd round of exclusivity fight
On Monday, Judge Dennis Montali will hear arguments from creditors who want to propose their own plan.
By Robert Walton • Oct. 7, 2019 -
Getty Images
Hospital electrification will lead corporate renewable procurement in next 5 years: Deloitte
Interest from corporations in renewable energy creates opportunities for utilities to offer green tariff programs, Deloitte's U.S. renewable energy principal said.
By Iulia Gheorghiu • Oct. 3, 2019 -
Getty
OpinionFord, Dow and other Michigan companies want renewable energy, so why aren't they buying more?
Green tariffs from Michigan utilities are relatively new, and most corporate customers are still exploring whether they can use these programs to meet sustainability goals while receiving competitively priced energy.
By Laura Sherman • Oct. 2, 2019 -
California regulators launch investigation into PG&E's reorganization plan
The California Public Utilities Commission opened a formal proceeding to consider "ratemaking and other implications" of Pacific Gas & Electric's plan to extricate itself from bankruptcy.
By Robert Walton • Sept. 30, 2019 -
Iulia Gheorghiu / Utility Dive
The future of energy storage is here: An inside look at Rocky Mountain Power’s 600-battery DR project
The 12.6 MWh Utah project uses solar and battery systems as a virtual power plant.
By Iulia Gheorghiu • Sept. 30, 2019 -
Uber, EVgo partner to expand ride-share electrification
The companies signed an MOU to research use of EVs on the platform and assess where more charging infrastructure is needed.
By Jason Plautz • Sept. 27, 2019 -
PG&E noteholders propose injecting $29.2B in utility in exchange for majority stake
Pacific Gas & Electric's period of exclusivity comes to an end today, but the utility asked for a two-month extension to be the only party that can propose a plan for reorganization due to recent progress.
By Robert Walton • Sept. 26, 2019 -
Opinion
The energy transition: A $4.3T, underfunded opportunity
The venture capital industry in energy is almost non-existent, something that is particularly odd given the size of the opportunity, writes Intelis Capital Partner Kevin Stevens.
By Kevin Stevens • Sept. 25, 2019 -
Tesla CEO Musk knew SolarCity was in trouble but still pushed for acquisition, lawsuit alleges
Tesla bought SolarCity in 2016 for $2.6 billion, but newly-unsealed documents claim "almost immediately after the acquisition closed, SolarCity's auditors E&Y confirmed that SolarCity was, in fact, insolvent."
By Robert Walton • Sept. 24, 2019 -
Getty Images
PG&E blasts $24B fire compensation plan as it risks losing control of reorganization
Wildfire victims teamed up with bondholders to propose a new plan in addition to the utility's proposed $17.9 billion settlement for fire claims.
By Robert Walton • Sept. 23, 2019
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