Corporate News: Page 54
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Possible sale of Santee Cooper attracts multiple proposals amid Summer nuke fallout
Possible bidders for some or all of the state-owned utility include NextEra Energy, Duke Energy, Southern Co. and Dominion Energy. A group of state cooperatives are also pondering a bid.
By Robert Walton • Feb. 9, 2018 -
SCE&G, Dominion lobby regulators to approve merger amid push to halt Summer cost recovery
If lawmakers halt SCE&G from billing customers for the failed VC Summer nuclear development, it could scuttle the merger with Dominion.
By Robert Walton • Feb. 9, 2018 -
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 -
Energy tax credits in final budget deal
Despite previous opposition in the House, tax credits for nuclear energy, carbon capture and a variety of gas and renewable technologies are in the bill approved early Friday.
By Gavin Bade • Feb. 8, 2018 -
Photo by Alex Wroblewski/Getty Images
Federal board demands 5-year financial plan for PREPA amid privatization push
The utility must find ways to cut costs so that PREPA can deliver power "at more affordable rates," the board said in a letter to Gov. Ricardo Rosselló.
By Robert Walton • Feb. 8, 2018 -
Court filings stave off Sabal Trail pipeline shutdown, for now
The D.C. Circuit was set to put the pipeline on hold this week, but last-minute filings from FERC and pipeline owners appear to have bought the project some time.
By Gavin Bade • Feb. 8, 2018 -
Virginia Gov. Northam lends support to Dominion rate reform bill
The state Attorney General and consumer advocates oppose the bill, saying it would allow Dominion to charge customers twice for renewable energy projects.
By Gavin Bade • Feb. 7, 2018 -
AEP carbon reduction plan calls for more than 8 GW of renewables
The utility intends to reduce carbon dioxide emissions from its power plants 80% below 2000 levels by 2050.
By Robert Walton • Feb. 7, 2018 -
NRG sells renewable energy business, Southern plants in reorganization move
The company says the sale will bring in $2.9 billion in cash and more is to come as it continues to remake itself.
By Gavin Bade • Feb. 7, 2018 -
FERC issues final Sabal Trail EIS, potentially avoiding hold on project
The commission could allow construction to restart with a separate order, but has yet to issue it.
By Gavin Bade • Feb. 6, 2018 -
NextEra sues NEI after refusing to renew trade group membership
NextEra Energy and Entergy both moved to exit the nuclear trade group last month after NEI advocated for approval of a DOE coal and nuclear subsidy proposal.
By Robert Walton , Gavin Bade • Feb. 5, 2018 -
Sempra secures support of all stakeholder parties to Oncor transaction
The energy company says the settlement agreement includes ratepayer protections left out of previous failed bids to purchase the Texas utility.
By Gavin Bade • Feb. 2, 2018 -
DC Circuit ruling could halt Sabal Trail pipeline construction
In a rebuke to FERC's pipeline approval process, judges declined to review an August ruling that the agency did not properly assess carbon impacts of the pipeline.
By Gavin Bade • Feb. 1, 2018 -
Virginia lawmakers struggle with Dominion rate freeze bill
A piece of legislation backed by Dominion Energy came under fire for again insulating the utility from a review of its rates.
By Robert Walton • Jan. 31, 2018 -
NextEra mulls sale of Canadian assets in aftermath of tax code overhaul
Spurred by the United States' recent tax code overhaul, the company says it could "recycle" the returns from selling Canadian assets, including solar and wind facilities, into domestic projects.
By Robert Walton • Jan. 26, 2018 -
Ohio Supreme Court sides with FirstEnergy in $43M renewable credit refund case
The court said the Public Utilities Commission of Ohio erred in a 2013 order directing the utility to return the money to ratepayers, finding it would amount to "unlawful retroactive ratemaking."
By Robert Walton • Jan. 25, 2018 -
Sempra pushes for regulatory approval of Oncor deal after most intervenors are on board
But the lone holdout, a group representing low-income customers, says the deal fails to show savings to residential customers and how they would be returned to low-income residents.
By Robert Walton • Jan. 25, 2018 -
Mosaic Energy
Deep DiveWill the country's first mandatory residential demand charge slow the Massachusetts solar boom?
Opponents of the charge, approved as part of an Eversource rate case, say it could harm the growth of solar and other distributed energy resources by significantly increasing costs for customers.
By Herman K. Trabish • Jan. 25, 2018 -
Dominion-SCANA merger in doubt as South Carolina mulls nixing cost recovery for Summer nuke project
SCANA disputes a state audit that found only a 35% chance it will file for bankruptcy if it can't charge customers for the VC Summer nuclear project. Dominion says the proposed merger is off, if cost recovery is denied.
By Robert Walton • Jan. 24, 2018 -
Deep Dive
Getting to 'head-spinning' low prices for U.S. offshore wind
Projected additions to U.S. offshore wind capacity are expected to drive the emergence of the domestic support system the sector needs to drive prices closer to other generation options.
By Herman K. Trabish • Jan. 23, 2018 -
$2.5B cash infusion will help FirstEnergy shift away from merchant generation
The investment was made by a group including affiliates of Elliott Management, Bluescape, GIC and Zimmer Partners.
By Robert Walton • Jan. 23, 2018 -
Puerto Rico governor moves to privatize utility PREPA
The nation's largest public utility, long beset by underinvestment and mismanagement, has been under fire for its response to Hurricane Maria.
By Gavin Bade • Jan. 23, 2018 -
Audi and Nissan join ranks of automakers making energy storage mainstream
Automakers are looking to extend the life of batteries that are no longer useful in an electric vehicle but have enough juice left to store power for a household or provide residential backup power.
By Peter Maloney • Jan. 22, 2018 -
Regulators slash Kentucky Power rate request, demand side management programs
The utility's average demand side management residential surcharge has risen about 20-fold, from about $0.50 to $10.50 a month, the Kentucky Public Service Commission noted.
By Robert Walton • Jan. 22, 2018 -
Virginia lawmakers seek to end Dominion rate freeze
The bipartisan effort would also return some funds to customers, due to the recent tax system overhaul and lower corporate rates.
By Robert Walton • Jan. 22, 2018 -
Toshiba reaches agreement to sell Westinghouse claims, assets
The company will also transfer its Westinghouse shares to Brookfield Business Partners, which earlier this month agreed to purchase the nuclear engineering firm for $4.6 billion.
By Robert Walton • Jan. 19, 2018
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