Puget Sound Energy, AutoGrid aim to develop a 100-MW virtual power plant by 2025

With plans to add about 15 GW of resources by 2045, including about 3.7 GW of demand-side and distributed resources, Puget Sound Energy aims to scale up its VPP over time.

By Ethan Howland • Nov. 28, 2023

Global Reporting Initiative proposes climate change, energy standards

The proposals focus on how organizations can cut their greenhouse gas emissions and reduce energy consumption.

By Lamar Johnson • Nov. 28, 2023

Explore the Trendline➔

Sustainability

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

BlackRock nabs $1B for energy transition infrastructure fund

The Evergreen Infrastructure fund aims to invest in businesses focused on energy security and has already acquired a portfolio of renewable investments.

By Lamar Johnson • Nov. 27, 2023

Invenergy in talks with utilities, other companies for capacity on Grain Belt transmission line

Invenergy is preparing to launch a solicitation for capacity on the 2.5-GW phase one of its Grain Belt project, with construction planned for early 2025.

By Ethan Howland • Nov. 22, 2023

JPMorgan to include low-carbon power generation in climate risk calculations

The bank said it would reduce financing in the oil and gas sector and increase financing for zero- and low-carbon power generation as part of its new “Energy Mix” policy.

By Zoya Mirza • Nov. 22, 2023

Wildfire risks in the US are soaring. Here’s what utilities can do.

To address the increasing risk of wildfire, utilities must embrace short- and long-term strategies that emphasize asset protection, real-time risk assessment and infrastructure investments.

By Judsen Bruzgul and Neil Weisenfeld • Nov. 17, 2023

Anaergia mulls sale of Rialto Bioenergy Facility as revenue declines

Executives hope a production ramp-up at a Rhode Island facility and new deals will offset the impact from Rialto’s bankruptcy and turn the company’s finances around.

By Jacob Wallace • Nov. 15, 2023

Clean energy manufacturing is on the rise in New York

The state has established multiple funding programs to entice sustainable production and development, bringing wind energy companies, heat pump manufacturers and others to the area. 

By Sakshi Udavant • Nov. 14, 2023

Hawaiian Electric to provide up to $75M to new state fund for Maui wildfire victims

Those who use the fund will waive their ability to get compensated through litigation, Scott Seu, president and CEO of parent company Hawaiian Electric Industries, said.

By Kavya Balaraman • Nov. 10, 2023

The rate cases are coming: How will utility customers react?

Strong customer opposition to current rate cases could leave utilities in the lurch when it comes to raising funds they need to make good on their promises to improve the safety and sustainability of their operations.

By Mark Spalinger • Nov. 9, 2023

Utilities likely to continue selling non-core assets amid $745B in planned spending: Moody’s

State regulators may push back on utility spending to protect customers from rising electric rates, according to Moody’s.

By Ethan Howland • Nov. 9, 2023

NuScale, UAMPS terminate small modular reactor project in Idaho

NuScale and the Utah Associated Municipal Power Systems determined that the 462-MW project would likely not reach a sufficient subscription level to continue toward deployment.

By Larry Pearl • Nov. 9, 2023

Kentucky PSC partly approves PPL’s $2.1B plan to retire coal, add gas, solar and storage

The commission approved a 125 MW/500 MWh battery energy storage facility, which it said will give LG&E/KU insight into operating and integrating large-scale storage to meet customer demand.

By Ethan Howland • Nov. 8, 2023

Duke, others leverage new IRA rules to finance clean energy, but cost, complexity are hurdles

New tax credit provisions in the Inflation Reduction Act could more than triple the $20 billion annual tax equity market that today finances clean energy in the U.S., if various challenges can be overcome.

By Herman K. Trabish • Nov. 6, 2023

AEP aims to sell retail, distributed energy and solar operations by mid-2024

American Electric Power also plans to soon launch a sale process for its stakes in two transmission companies and make a decision on selling its share of Transource Energy, CEO Julie Sloat said.

By Ethan Howland • Nov. 6, 2023

Arizona Public Service, Tucson Electric expect to add 20 GW of mainly renewables, storage by 2038

Arizona’s investor-owned utilities expect to exit coal-fired generation by 2032, according to resource plans filed Wednesday with state regulators.

By Ethan Howland • Nov. 2, 2023

Apple, Nike and others back new clean energy project to decarbonize supply chains

The Clean Energy Procurement Academy, whose founding members also include Amazon, Meta and PepsiCo, aims to boost clean energy procurement and curb emissions.

By Zoya Mirza • Nov. 2, 2023

PSEG expects utility capital spend to hit record $3.7B in 2023: CEO LaRossa

A 10-year, up to $15/MWh federal production tax credit for nuclear power will help PSEG avoid issuing new equity or selling assets to fund its five-year capital investment program, CEO Ralph LaRossa said.

By Ethan Howland • Nov. 1, 2023

Fitch downgrades Eversource outlook to ‘negative’ on uncertainty around offshore wind sales

“Failure to complete the sale in a timely manner would pressure Eversource's already weak financial profile, resulting in a ratings downgrade,” Fitch Ratings said Monday.

By Ethan Howland • Oct. 31, 2023

PJM selects $372M in FirstEnergy transmission projects, reflecting ‘significant’ power line buildout

FirstEnergy expects to spend $1.8 billion this year on transmission projects eligible for formula rates, which the Federal Energy Regulatory Commission reviews without the scrutiny of a rate case.

By Ethan Howland • Oct. 30, 2023

CPUC proposals for PG&E revenues insufficient for necessary safety work: CEO Poppe

A ratepayer advocate stressed, however, that utilities can’t have a blank check approach to safety.

By Kavya Balaraman • Oct. 27, 2023

Jury orders Xcel to pay Colorado co-op $26.5M for extended outages at Comanche 3 coal plant

“This verdict will at least partly compensate CORE for damages caused by the systemic failures of Xcel,” said CORE Electric Cooperative CEO Jeff Baudier.

By Robert Walton • Oct. 27, 2023

Microsoft leans on renewable energy PPAs, energy efficiency in environmental efforts

“Ensuring our buildings are energy efficient is a key first step in reducing emissions,” the tech giant said in its 2022 Environmental Report.

By Joe Burns • Oct. 25, 2023

FERC approves NiSource plan to sell NIPSCO stake to private-equity firm Blackstone

FERC Commissioner Mark Christie called for tighter M&A reviews, saying there is an “inherent tension” between profit-seeking investment firms and utilities with the duty to provide reliable power at just and reasonable rates.

By Ethan Howland • Oct. 20, 2023

How Google is decarbonizing its facilities

Smart temperature and lighting controls, power purchase agreements and building electrification are all being used by the tech giant to reduce scope 2 emissions.

By Joe Burns • Oct. 17, 2023