Corporate News: Page 37
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Split up? Increase oversight? Eliminate holding company? PG&E's future is now open for comment
California regulators are considering a range of options to improve PG&E's safety culture, including breaking apart its gas and electric service or tying its rate of return on equity to safety performance metrics.
By Robert Walton • June 26, 2019 -
Array Technologies Inc.
NV Energy to add 1.2 GW solar, 2.3 GWh storage as large customer exit slows
The capacity will be divided among three projects and help the utility exceed its goal of doubling renewable energy output by 2023.
By Catherine Morehouse • June 25, 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 -
PSEG Power could lose $415M on exit from 2 Pennsylvania coal plants
PSEG made strides to clean up its generation mix and says its remaining coal assets have either been sold or scheduled for early retirement.
By Robert Walton • June 25, 2019 -
California governor to propose 'liquidity fund' to address wildfire costs
Gavin Newsom, D, will reportedly ask lawmakers to create the fund, which would be supported by $10 billion in bonds issued by the state's Department of Water Resources and has the support of PG&E's creditors.
By Robert Walton • June 21, 2019 -
Tendril buys FirstFuel as it pursues 'end-to-end' utility customer solutions strategy
The deal fits alongside Tendril's recent acquisition of EEMe and EnergySavvy, helping grow its utility customer experience and engagement solutions.
By Robert Walton • June 21, 2019 -
PG&E reaches $1B wildfire settlement with 18 public entities
The settlement resolves claims related to wildfires in 2015, 2017 and 2018. It does not include individual and business claims.
By Robert Walton • June 19, 2019 -
Congress pushes for storage, renewables to have same private investment incentives as fossil fuels
Two bipartisan bills introduced last week would shift tax policies to incentivize clean energy and carbon capture technologies.
By Robert Walton • June 17, 2019 -
SCE&G customers could grab $146M in VC Summer settlement, largest in state history
A state judge finalized the settlement over the failed nuclear plant this week, which totals $2.2 billion in customer rate reductions and refunds.
By Robert Walton • June 14, 2019 -
California fire season starts with PG&E power shut-off in 5 counties
The utility turned off power to approximately 20,500 customers in Butte and Yuba counties over the weekend, citing dangerous conditions.
By Robert Walton • June 10, 2019 -
GE 'badly' misjudged the clean energy transition, costing investors almost $193B: IEFFA
The company is now working to grow its renewables business after a big bet on natural gas failed with the turbine market crash of 2015.
By Robert Walton • June 7, 2019 -
A renewable energy mutual fund? Starbucks charts new path with 146 MW procurement
The retailer announced a portfolio of three 15-year power purchase agreements through LevelTen Energy's platform within the ERCOT, SPP and PJM markets.
By Iulia Gheorghiu • June 6, 2019 -
Report: PG&E considers $11B fund to settle wildfire claims
The utility would direct about $400 million each year to the fund, under a proposal discussed with lawmakers and major shareholder representatives.
By Robert Walton • June 6, 2019 -
Opinion
No more swivel chairs: Utility customer service goes modern
Customer relationship management vendors are embracing an "App Store approach" that allows utilities to consolidate customer data and integrate third-party solutions on a single platform.
By Brian Bowen • June 5, 2019 -
DTE takes on customer range anxiety with electric vehicle incentives, education plan
The "Charging Forward" program includes rebates and special charging rates, with the distributed demand expected to add efficiencies to DTE's system and put downward pressure on prices.
By Robert Walton • June 5, 2019 -
Duke to accelerate Florida nuclear plant decommissioning by almost 50 years
If approved by federal and state regulators, the utility will decommission its previously retired Crystal River Nuclear plant by 2027.
By HJ Mai • May 31, 2019 -
Virginia denies Costco exit from Dominion service
State regulators said the company's exit would cost ratepayers $1.57 million annually as five other businesses have also asked to exit the incumbent utility's "excessive costs."
By Catherine Morehouse • May 31, 2019 -
Ohio House approves nuclear, coal subsidies, ditches renewables mandate
The legislation headed to the state Senate scraps utility clean-energy requirements established in 2008 while raising $190 million annually to bail out two FirstEnergy Solutions nuclear plants.
By Iulia Gheorghiu • May 30, 2019 -
Getty Images
To decarbonize US economy, C2ES foresees large corporate investments and maybe a carbon tax
The environmental nonprofit released three scenarios to reduce U.S. carbon emissions 80% below 2005 levels by 2050, each driven by the fact that the power, transportation and building sectors are interlinked.
By Iulia Gheorghiu • May 30, 2019 -
Sponsored by TrackViaOrganizational agility no longer optional for utilities — get there with these 5 steps
Organizational agility enables large-scale utility companies to thrive, delivering higher all-round performance, with positive benefits for customers, shareholders, and employees.
By Ross Smith and Jamison Roof, Digital Utility Transformation Experts at PA Consulting • May 30, 2019 -
PJM CEO Ott to retire amid RTO shake-up
The grid operator's Board of Managers formed a committee to search for a new CEO and approved five executive promotions proposed by Ott, who became eligible for retirement a year ago.
By Iulia Gheorghiu • May 29, 2019 -
OpinionThriving in a low carbon future: M&A and the new energy economy
"One particular trend we are witnessing in this sector is traditional oil and gas and utilities companies moving into new areas, principally renewable energy, electric vehicles and storage," the authors write.
By Mary Anne Sullivan, Sarah Shaw and Alex Harrison • May 29, 2019 -
Ohio House advances nuclear subsidy bill, ditching renewable components
Proponents of the bill, which would give nearly $190 million a year to FirstEnergy Solutions' nuclear plants, are working to ensure the Republican vote is locked down as the legislation approaches a vote on the House floor.
By Iulia Gheorghiu • May 24, 2019 -
REC Solar
Xcel, Boulder to settle lawsuit; City agrees to dissolve utility
Boulder officials say the settlement does not affect the city’s plan for voters to determine whether to create a municipal electric utility.
By Robert Walton • May 24, 2019 -
Eversource turns to non-wires solution in outage-plagued New Hampshire town
The project in Westmoreland includes a large-scale battery, energy efficiency efforts and a program to incentivize customer-owned distributed resources.
By Robert Walton • May 23, 2019 -
National Grid says no new NYC gas customers until state approves pipeline
New York regulators denied a permit last week, ruling the Williams Cos' pipeline that would relieve natural gas congestion in the New York City Area could harm aquatic life.
By Iulia Gheorghiu • May 22, 2019
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