Corporate News: Page 99
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Exelon threatens to walk from Pepco deal if DC doesn't move quickly
It's been 18 months since Exelon proposed purchasing Pepco Holdings, and now the company is warning regulators in the District of Columbia that it will walk away within five months if they don't reach a final decision.
By Robert Walton • Oct. 27, 2015 -
SCE reaches $400M settlement with nuclear insurer on San Onofre closure
The settlement stems from a radioactive leak on Mitsubishi equipment that led to the closure of the nuclear plant.
By Herman K. Trabish • Oct. 26, 2015 -
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 -
Duke Energy to buy Piedmont Natural Gas for $4.9B
Duke will pay a 42% premium on Piedmont's stock price for a deal that would add about 1 million new gas customers for the utility giant.
By Gavin Bade • Oct. 26, 2015 -
Wind industry installed over 1,600 MW of capacity in Q3 2015
As the industry notches its second-best third quarter ever, last year’s federal tax credit extension continues to buoy installers.
By Herman K. Trabish • Oct. 23, 2015 -
Virginia regulators order Dominion to open solar build to competitive bids
Dominion wants to build the first utility-scale solar in Virginia itself, but critics and regulators are concerned about the price.
By Herman K. Trabish • Oct. 23, 2015 -
Deep Dive
What comes after net metering: Hawaii's latest postcard from the future
Hawaii regulators offered two new remuneration schemes for rooftop solar in a landmark decision last week, along with new guidance on time of use rates.
By Herman K. Trabish • Oct. 22, 2015 -
Electrical workers union is first intervenor to back NextEra-HECO merger
A local union of electrical workers had favored the deal, then opposed it due to a lack of support from NextEra, but now is back on board after assurances from the company.
By Robert Walton • Oct. 22, 2015 -
Stem, HECO partner on 1 MW battery storage pilot in Hawaii
Installations will be aimed at cutting commercial-industrial scale customers’ peak demand charges and providing grid support services.
By Herman K. Trabish • Oct. 21, 2015 -
NextEra-HECO filing reveals merger origin, compensation details
Hawaiian Electric Industries CEO Connie Lau defended her $11.6 million compensation package to utility regulators, which is contingent on the sale to NextEra Energy being completed.
By Robert Walton • Oct. 20, 2015 -
Deep Dive
How digital power plant tech can help utilities get the most from their assets
GE says its new plant technology can yield up to $230M in annual benefits for a gas plant and $100M for a wind farm.
By Herman K. Trabish • Oct. 19, 2015 -
Deep Dive
Will Exelon's merger settlement push the Pepco deal past its final hurdle?
Energy stakeholders in DC disagree on whether Exelon has sufficiently addressed regulators’ merger concerns, but in the end its political clout may see its proposal over the finish line anyway.
By Gavin Bade • Oct. 15, 2015 -
Study: Integrating PacifiCorp and CAISO grids could create up to $9.1B in savings
Benefits of combining the electrical grids operated by CAISO and PacifiCorp can help Western states meet environmental goals and save $12.5 billion for customers on both grid systems over 20 years, according to a study.
By Herman K. Trabish • Oct. 13, 2015 -
Clean Energy Collective debuts program to enable IOUs to rate base community solar
A Clean Energy Collective program allows investor-owned utilities to earn a guaranteed return on community shared solar and fulfill customer demand without subsidizing costs for non-solar users.
By Herman K. Trabish • Oct. 13, 2015 -
Green Charge Networks to bring aggregated energy storage into CAISO market
The move will help the state meet its new 50%-by-2030 renewables mandate.
By Herman K. Trabish • Oct. 13, 2015 -
NextEra refuses to back down as intervenors reject new HEI merger commitments
NextEra announced a slate of new merger promises in August, but none of the intervenors have said they are a compelling reason to support its purchase of Hawaiian Electric.
By Herman K. Trabish • Oct. 12, 2015 -
Arizona Public Service claims $67 monthly solar cost shift in new regulatory filing
Arizona Public Service Co. submitted a cost-of-service study ahead of its next rate case, detailing for the first time how much it thinks non-solar customers subsidize those with rooftop arrays.
By Herman K. Trabish • Oct. 12, 2015 -
Talen Energy announces sale of three power plants for $1.5B
The deal is the latest in an ongoing trend of Canadian companies buying up U.S. power assets, with over $11 billion spent on such acquisitions this year.
By Davide Savenije • Oct. 9, 2015 -
Developers propose competing $1.6B, 400 MW offshore wind projects in Hawaii
Hawaii’s strong ocean winds make offshore wind an economic choice, as a wind project developer say they can deliver power at a lower cost than the average Oahu electrical price.
By Herman K. Trabish • Oct. 7, 2015 -
NextEra, HECO withdraw application for utility solar project on Oahu
Some had criticized the proposal, saying the PPA between NextEra and HECO represented a conflict of interest because the companies are trying to merge.
By Herman K. Trabish • Oct. 7, 2015 -
Deep Dive
As regulators pump brakes, what's next for PG&E's EV charging program?
Ratepayer advocates convinced regulators the Golden State’s biggest electricity provider needs to be slowed down.
By Herman K. Trabish • Oct. 7, 2015 -
Panasonic touts new solar module as most efficient in the world
Panasonic rolled out its new solar module which claims 22.5% efficiency, outpacing SolarCity's recently-released modules that claim 22.04% efficiency.
By Herman K. Trabish • Oct. 6, 2015 -
SunEdison to lay off 15% of its workforce in bid to streamline business
Projects are being liquidated as hedge funds and short sellers bedevil the world's largest renewables developer.
By Herman K. Trabish • Oct. 6, 2015 -
GE to sink $1 billion into energy efficiency, storage venture
General Electric (GE) is developing a new business venture to focus on energy efficiency and storage, targeting commercial, industrial, utility and municipal customers.
By Robert Walton • Oct. 6, 2015 -
Comcast expands home energy management with new partner Crius
The nation's largest cable provider has teamed up with Crius Energy to expand energy offerings in Pennsylvania, Illinois, and New Jersey.
By Robert Walton • Oct. 5, 2015 -
Black Hills proposes rate-based gas production investments in 5 states
Black Hills Corp. has asked regulators in Iowa, Kansas, Nebraska, South Dakota and Wyoming for authority to recover the costs investments in gas wells or reserves, the latest in a growing list of utilities to do so.
By Robert Walton • Oct. 5, 2015