Corporate News: Page 38
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Senators launch bipartisan initiative on long term solutions to expiring energy tax credits
Finance Committee task forces are expected to produce options by the end of June that can be enacted this year while clean energy advocates are pushing to also give storage access to tax credits.
By Iulia Gheorghiu • May 21, 2019 -
SCE rolls out $356M charging program to spur electric trucks, buses and other large vehicles
Southern California Edison's Charge Ready Transport program is aiming to install charging infrastructure at almost 900 commercial customer sites in the next five years, to support 8,490 electric vehicles.
By Robert Walton • May 21, 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 -
Getty
NRG Energy advances retail expansion with $300M Stream Energy acquisition
The all-cash deal will add more than 600,000 residential customers to NRG's service and help the company grow market share in Texas, Pennsylvania and other areas.
By Robert Walton • May 21, 2019 -
Facebook to pay half of $85 million New Mexico transmission line under new order
State regulators rejected a request from Public Service of New Mexico to reconsider a decision denying ratemaking treatment for a transmission upgrade, which they say would only serve one customer.
By Robert Walton • May 20, 2019 -
Iulia Gheorghiu
PJM CEO Ott: Lowering storage durations in Order 841 response will displace demand response resources
The grid operator doesn't want to lower its 10-hour minimum storage duration requirement for capacity market participation at the risk of displacing demand response resources.
By Iulia Gheorghiu • May 16, 2019 -
Florida approves TECO solar energy tariff, increasing access to green energy
As TECO works to develop the largest percentage of solar power of any Florida utility, its customers will be able to subscribe for a $0.063 per kWh charge to access 17.5 MW of solar.
By Iulia Gheorghiu • May 15, 2019 -
Bankruptcies rack up in coal sector as past reserve investments catch up with industry
Cloud Peak Energy, which supplies almost 60 million tons of coal to utilities across the country, filed for bankruptcy Friday after being one of the last remaining coal companies in the country to have held on to its debt.
By Catherine Morehouse • May 14, 2019 -
Tech giants pressure Dominion for more storage, renewables, less gas in Virginia
The utility's latest IRP calls for new natural gas capacity due to the increased load expected from data centers, leading to complaints from Microsoft, Apple and other companies with green sustainability goals.
By Iulia Gheorghiu • May 14, 2019 -
Anbaric to flip Massachusetts coal plant site into offshore wind facility with 400 MW storage
The former Brayton plant site, symbolic of the transition from fossil fuels to renewables, will also have a 1,200 MW high-voltage direct current converter.
By Iulia Gheorghiu • May 14, 2019 -
How a public power utility forges the path to a digital future
The "shift of any utility, and especially NYPA, from a traditional utility to a digital utility, is shifting the mindset of folks who have been here many years," CIO Robert Piascik said.
By Samantha Schwartz • May 10, 2019 -
Duke CEO presses case against N.C. coal ash excavation order, S.C. rate ruling
Lynn Good highlighted a potential appeal of orders from South Carolina regulators due to disappointingly low coal ash recovery costs and return on equity percentages for Duke Energy's Progress and Carolinas subsidiaries.
By Iulia Gheorghiu • May 10, 2019 -
Deep Dive
Florida's solar turnaround sparks concerns over limits on community projects
Many are asking how big this boom will get, but a better question may be how this growth will evolve as its impact sparks responses by utilities, solar developers and policymakers.
By Herman K. Trabish • May 9, 2019 -
California regulators dig into safety qualifications of new PG&E board
Amidst ongoing investigation into PG&E safety culture, regulators called on the embattled utility to provide detail into the safety experience of its new board members, including a new CEO and 10 new directors.
By Robert Walton • May 9, 2019 -
Moody's developing new system to score companies on carbon transition risk
The company's proposed framework would evaluate the need to comply with climate regulations and the cost required to decarbonize energy sources, among other factors, but would not produce new credit ratings.
By Robert Walton • May 9, 2019 -
South Carolina regulators slash Duke Energy Progress rate hikes, cut $333M coal ash recovery
The Public Service Commission adopted a similar motion reducing another Duke subsidiary's proposed rate hike by 54%, signaling the impact of stakeholders that rallied to oppose the increases.
By Iulia Gheorghiu • May 9, 2019 -
Three Mile Island to close after bailout bill stalls in Pennsylvania legislature
The plant gained international fame when a partial nuclear meltdown permanently shut down Unit 2 in 1979. Economic competition is now driving Unit 1 to close, despite 15 years left on its operating license.
By HJ Mai • May 9, 2019 -
EPA questions federal permit application of 1.2 GW hydro transmission line
Central Maine's environmental permit application for a proposed 145-mile project from Quebec to Massachusetts prevents stakeholders from having a full understanding of the project due to allegedly incomplete information, EPA wrote.
By Iulia Gheorghiu • May 8, 2019 -
ConEd eases customer DER adoption while gaining data to improve grid planning
Customers installing solar panels or an electric vehicle charger can get a free device that avoids the cost of upgrading the home's circuit panel and provides the utility with valuable energy usage data.
By Robert Walton • May 8, 2019 -
Tendril to acquire EnergySavvy, as utility customer engagement focus grows
The deal "creates a platform that unites all residential utility customer data, analytics and insights in one place," said EnergySavvy CEO Aaron Goldfeder.
By Robert Walton • May 7, 2019 -
Opinion
The end of investment-grade utilities in California?
As California wildfires become increasingly frequent and severe, other electric utilities could follow PG&E into bankruptcy without regulatory reform, according to S&P Global Ratings' director.
By Gabe Grosberg • May 6, 2019 -
PG&E faces SEC investigation into public disclosures of wildfire losses
In its quarterly filing, the company revealed the investigation and recorded more than $400 million in costs related to wildfire cleanup and recovery.
By Robert Walton • May 3, 2019 -
Novo Nordisk
Renewable energy to power all Novo drug production by next year
The Danish drugmaker set out in 2015 with an ambitious goal to use only electricity generated from renewable sources in its production plants.
By Ned Pagliarulo • May 2, 2019 -
Green Mountain Power
Green Mountain Power pilots Tesla batteries as meters
The technology uses Powerwall battery packs to measure energy use for 18 months, with plans to test other systems as part of their vision to have batteries in every home.
By Iulia Gheorghiu • May 2, 2019 -
DOJ opens investigation into Kemper plant as Southern warns of possible 'material impact'
In addition to the DOJ investigation, Southern Company revealed there could be more costs related to portions of the plant's abandoned infrastructure.
By Robert Walton • May 2, 2019 -
Getty Images
Southern California Edison to add 195 MW of energy storage, DR by 2021
Southern California Edison has selected seven energy storage and demand response projects to meet customer reliability needs by 2021 and further decrease the state's reliance on gas.
By HJ Mai • April 30, 2019
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