Corporate News: Page 61
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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 -
Explore the Trendline➔
Kevork Djansezian via Getty ImagesTrendlineSustainability
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 -
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 -
Deep Dive
Will 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 -
2 utilities sued over deadly California mudslides
According to the lawsuit, a wildfire allegedly caused by Southern California Edison's equipment burned away vegetation that would have prevented the mudslide that killed 20 people. Montecito Water District is also named in the suit.
By Robert Walton • Jan. 19, 2018 -
FERC approves Avista-Hydro One deal
The $5.3 billion all-cash deal was announced last summer and could close in the second half of this year.
By Robert Walton • Jan. 17, 2018 -
Dominion CEO: SCANA deal off if cost recovery for Summer plant repealed
CEO Thomas Farrell told lawmakers if they alter the Base Load Review Act for existing projects, the defunct V.C. Summer nuclear project would be "SCANA’s management issue, not ours."
By Gavin Bade • Jan. 17, 2018 -
Deep Dive
Shuttered coal plant fixer-uppers for sale all over the U.S.
More than half of all coal plants are, or will soon be, shuttered. Collaboration and compromise by some are beginning to reveal ways to reclaim the sites for new purposes.
By Herman K. Trabish • Jan. 16, 2018