Corporate News: Page 35
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Phase 2 of HECO's performance-based rate rollout would reward speedy DER interconnection
The company's proposal includes several performance-based metrics, including penalties and rewards for speed of connecting DER systems less than 100 kW.
By Robert Walton • Aug. 21, 2019 -
Tesla relaunches solar division, will rent rooftop systems in 6 states
"With the new lower Tesla pricing, it's like having a money printer on your roof if you live [in] a state with high electricity costs," CEO Elon Musk tweeted.
By Robert Walton • Aug. 20, 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 -
New Mexico city fights for federal carbon capture funding in next move to save San Juan coal plant
Farmington, New Mexico, signed an agreement to transfer 95% of the plant's ownership from other stakeholders to a local energy company.
By Catherine Morehouse • Aug. 19, 2019 -
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Bankruptcy judge maintains PG&E exclusivity and allows Tubbs fire victims to sue
Allowing Pacific Gas & Electric's creditors to put forth competing plans ahead of the utility's reorganization plan would not help wildfire victims, the judge ruled.
By Robert Walton • Aug. 19, 2019 -
New CPUC efficiency goals are equivalent to reducing 658,000 cars-worth of GHGs
California's revised targets reflect declining potential in energy efficiency savings from utility rebate programs, due to lighting improvement savings.
By Robert Walton • Aug. 19, 2019 -
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OpinionX's and O's: How utilities can leverage data channels to improve employees and drive new business
One way to stay a step ahead of the disruptive forces that are shaping the energy business is to become a disruptor yourself, writes SAP's James Eardley.
By James Eardley • Aug. 19, 2019 -
NRC hints at upcoming early site determination for TVA advanced nuclear project
The Tennessee Valley Authority has not determined whether it will move ahead with the project but wants the option to locate small modular reactors at the Clinch River Site.
By Robert Walton • Aug. 16, 2019 -
GE misreporting finances by $38B, Madoff whistleblower claims
The company denies improprieties and accuses the analyst of having a vested interest in creating short-term volatility in its stock.
By Robert Freedman • Aug. 15, 2019 -
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PG&E fights for control of its future, access to new wildfire fund
Pacific Gas & Electric told a bankruptcy court this week it is "uniquely positioned" to develop its own reorganization plan, which it pledged to file by Sept. 9.
By Robert Walton • Aug. 15, 2019 -
Xcel to expand Minnesota renewables program, add 230 MW new solar, wind
The Minnesota PUC approved the utility's plan to expand its fully subscribed Renewable Connect program from pilot-scale to a full-time offering, but limited contract lengths to 10 years.
By Robert Walton • Aug. 14, 2019 -
Vineyard Wind shareholders commit to Mass. offshore wind project despite federal delays
With the wind investment tax credit set to sunset at the end of this year, the 800-MW project's financing could be jeopardized if the Bureau of Ocean Energy Management does not speed up its final environmental impact study.
By Iulia Gheorghiu • Updated Aug. 13, 2019 -
PG&E provides new details on restructuring plan ahead of bankruptcy hearing
The utility seeks to presume all power purchase agreements and pay its court-approved pre-bankruptcy claims through "cash raised from existing equity bond holders" and "equity financed securitized bonds."
By Iulia Gheorghiu • Aug. 9, 2019 -
Virginia rejects Dominion bid to recover environmental spending on coal units slated for shutdown
The State Corporation Commission said the $18.4 million Dominion spent on Chesterfield units 3 and 4 was not a reasonable investment, but approved a $286.8 million rate rider for enviromental costs at several other coal units.
By Iulia Gheorghiu • Aug. 7, 2019 -
APS
Arizona commissioner cites 'unacceptable risks' from lithium-ion batteries for large-scale projects
While the cause of the battery storage fire at Arizona Public Service's facility is being determined, Commissioner Sandra Kennedy proposed the use of less economic battery chemistries to ensure safety and reliability.
By Iulia Gheorghiu • Updated Aug. 6, 2019 -
Maryland suspends Smart One Energy operating license, issuing largest civil penalty for retail supplier
Regulators fined the third party supplier $561,000 for enrolling customers without consent.
By Max Witynski • Aug. 6, 2019 -
FERC, Justice Dept challenge latest FirstEnergy Solutions restructuring plan
The sixth attempt at a restructuring plan would prevent creditors unhappy with the deal that FES has negotiated with its major debt holders from doing anything about it.
By John Funk • Aug. 5, 2019 -
FirstEnergy Solutions moves to ditch union contracts for bailed out plants, drawing Democrats' ire
FirstEnergy Solutions' veteran nuclear plant workers would lose traditional pensions if a bankruptcy court agrees with the latest FES restructuring plan.
By John Funk • Updated Aug. 14, 2019 -
Dominion invests $1.1B in offshore wind, watches Northeast developments
The utility's non-regulated generation business is developing two turbines off the coast of Virginia, with plans to develop more as prices drop.
By Iulia Gheorghiu • Aug. 5, 2019 -
NYPA to invest $1.1B to extend life of New York's largest clean electricity source
The utility says keeping the 2.5 GW Niagara Power Project online will help the state meet its 100% carbon-free electricity by 2040 goal.
By Max Witynski • Aug. 2, 2019 -
PG&E asks bankruptcy court to approve 'discounted' PPAs for storage and renewables projects
Three developers separately approached Pacific Gas & Electric to negotiate changes, in order to reduce project uncertainty created by the utility's bankruptcy.
By Robert Walton • Aug. 2, 2019 -
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PG&E tells court deferred maintenance did not play a role in sparking wildfires
U.S. District Judge William Alsup had directed the utility to respond to reports that it knew for years there was a risk its aging transmission system could spark wildfires.
By Robert Walton • Aug. 1, 2019 -
GE Renewables
GE Renewables notches $184M Q2 loss, despite strong revenue growth
The company cited a host of reasons for the loss, including increased research and development spending, and project execution issues, particularly in Asia.
By Robert Walton • Aug. 1, 2019 -
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Southwest Power Pool moves to boost reliability, storage amid CEO resignation
The buildout of cheap renewables and the large queue of battery storage projects prompted stakeholders to ask SPP to study the reliability impacts of a grid with less conventional generation.
By Iulia Gheorghiu • Aug. 1, 2019 -
FERC staff drafts environmental 'pass' for Mountain Valley Pipeline expansion
NextEra Energy's joint venture would add two delivery points to meet Dominion Energy's natural gas supply needs in North Carolina.
By Iulia Gheorghiu • July 30, 2019 -
US utility deals reach $12.3B in Q2 2019, renewables growth expected to drive more
The overall volume of deals continues to decline, but analysts expect state and city mandates to drive more.
By Robert Walton • July 26, 2019
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