Corporate News


  • A person surveys storm damage in front of a utility truck.
    Image attribution tooltip
    Sean Rayford via Getty Images
    Image attribution tooltip

    At $103B, Duke claims largest spending plan of any regulated US utility

    The company is already deploying more than $1 billion in capital every month, CEO Harry Sideris said. Its North Carolina utility has a rate case pending.

    By Emma Penrod • Feb. 12, 2026
  • Attendees of an event posing for a picture.
    Image attribution tooltip

    Caught in the Moment Photography

    Image attribution tooltip
    Sponsored by IEEE Power & Energy Society

    Top 2026 events for engineers

    Stay ahead of the curve and don't miss out on the leading 2026 events for power and electrical engineers and professionals.

    Feb. 9, 2026
  • A power plant sites next to a river.
    Image attribution tooltip
    Permission granted by Consumers Energy
    Image attribution tooltip

    Consumers Energy plans over $17B in capital spending in next 5 years

    Executives did not provide a substantive update on the DOE’s “emergency” orders to continue running a 1.6-GW coal plant the company had planned to retire, but they hinted that they would eventually shut it down to “drive cost savings.”

    By Brian Martucci • Feb. 6, 2026
  • Tim McDonnell of Semafor, left, and Bob Frenzel, chairman, president and CEO of Xcel Energy, right, speak on stage
    Image attribution tooltip
    Tasos Katopodis via Getty Images
    Image attribution tooltip

    Xcel Energy pursuing large load tariffs in 4 states amid data center growth

    The company expects to sign contracts on 6 GW of data centers by the end of 2027, CEO Bob Frenzel said. Xcel is partnering with NextEra Energy and GE Vernova to speed its development of new generation.

    By Emma Penrod • Feb. 6, 2026
  • Protestors at DistribuTECH in San Diego. They were protesting utility contracts with Palantir.
    Image attribution tooltip
    Robert Walton/Utility Dive
    Image attribution tooltip

    AI, ICE protests and karaoke: DistribuTECH comes to San Diego

    “As an industry, we’ve gone from ‘Keep the lights on and stay out of the news,’ to now being the lead story for energy independence, national security and AI development,” said Del Misenheimer, GE Vernova’s VP and CEO of grid automation and software.

    By Feb. 4, 2026
  • Fallen branches and trees lay across roadways and utility lines during a winter storm.
    Image attribution tooltip
    Brett Carlsen via Getty Images
    Image attribution tooltip

    TVA pursues 6.2 GW of new generation, citing data centers, population growth

    Data center demand “climbed to 18% of our industrial load in 2025, and we are projecting data center growth to double in our region by 2030,” said CEO Don Moul.

    By Feb. 4, 2026
  • aerial shot of Tesla's gigafactory in Texas
    Image attribution tooltip
    Courtesy of Tesla, Inc.
    Image attribution tooltip

    Tesla sets battery storage deployment record in Q4 as EV sales slump

    Tesla CEO Elon Musk said “energy will have very high growth for as far into the future as we can imagine.”

    By Brian Martucci • Feb. 3, 2026
  • Transmission towers
    Image attribution tooltip
    Brandon Bell via Getty Images
    Image attribution tooltip

    2026 US power sector outlook

    Read Utility Dive's road map to the year ahead for FERC, affordability, renewable energy, distributed energy resources and more. 

    By Jan. 30, 2026
  • A gas-fired power plant.
    Image attribution tooltip
    Courtesy of GE Vernova
    Image attribution tooltip

    GE Vernova Q4 gas turbine orders surge 74%

    Wind turbine orders increased 8% in 2025 — mainly outside the U.S. — despite the Trump administration’s efforts to stifle offshore wind development.

    By Brian Martucci • Jan. 30, 2026
  • NextEra bets on gas as data center pipeline remains steady at about 15 GW

    The company touted gas supply and pipeline acquisitions. “We expect more gas-fired generation ... so having the ability to move molecules around the country is a critical skill set,” said CEO John Ketchum.

    By Emma Penrod • Jan. 29, 2026
  • A construction working standing with folding hands
    Image attribution tooltip
    Permission granted by 1898 & Co.
    Image attribution tooltip
    Sponsored by 1898 & Co.

    Horizontal vs vertical AI solutions: ROI requires going deep, not wide

    The transformative value and measurable ROI of AI come from the implementation of vertical AI.

    Jan. 20, 2026
  • A power plant with smoke stacks at the edge of a river.
    Image attribution tooltip
    The image by Acroterion is licensed under CC BY-SA 4.0
    Image attribution tooltip

    Talen in deal to buy 2.6 GW of gas plants in PJM for $3.5B

    The announcement comes amid a surge in power sector consolidation, as generators jockey to meet growing demand from data centers and electrification efforts.

    By Jan. 16, 2026
  • WInd turbines stand in dark blue water.
    Image attribution tooltip
    Courtesy of Mott MacDonald
    Image attribution tooltip

    Judge grants (another) injunction to offshore developer amid Trump’s war on wind

    Some analysts predicted a similar outcome on Jan. 16 in a separate case that would allow Dominion to continue construction on its 2.6-GW Coastal Virginia Offshore Wind project.

    By Jan. 13, 2026
  • Transmission lines run through a field.
    Image attribution tooltip Image attribution tooltip

    MISO selects AEP-Berkshire JV to build $1.2B, 765-kV transmission project

    The Midcontinent Independent System Operator also tapped Viridon to build a $350 million project in Wisconsin on the strength of the developer’s cost containment commitments.

    By Jan. 8, 2026
  • A young woman looks at the electricity bill
    Image attribution tooltip
    Getty Images
    Image attribution tooltip
    Opinion

    The next-gen retail energy mix: Aligning supply portfolios with customer expectations

    Retail energy providers must move beyond managing kilowatt-hours and toward orchestrating portfolios that reflect both the realities of modern supply and the values of modern customers, writes Tamara Grose of VertexOne.

    By Tamara Grose • Jan. 7, 2026
  • An outdoor petroleum facility.
    Image attribution tooltip
    Courtesy of ExxonMobil
    Image attribution tooltip

    US manufacturing activity in December was the lowest in 2025: PMI

    Weak demand and tariff effects are weighing on companies as the U.S.’ recent military operation in Venezuela adds more uncertainty to the mix.

    By Nathan Owens • Jan. 7, 2026
  • Image attribution tooltip
    Sean Rayford via Getty Images
    Image attribution tooltip

    Dominion seeks higher ROE, rate hike in South Carolina starting in July

    Dominion Energy has proposed raising residential customer bills in South Carolina by about 12.7%. The utility is expecting electric demand to grow 1.2% annually for the next two decades.

    By Jan. 7, 2026
  • A natural gas plant is seen lit up and emitting steam at sunset.
    Image attribution tooltip
    Diana DiGangi/Utility Dive
    Image attribution tooltip

    Vistra to buy Cogentrix Energy’s 5.5 GW of gas plants in $4B deal

    Cogentrix is indirectly owned by Quantum Capital Group, which purchased it from Carlyle for $3 billion in 2024.

    By Jan. 6, 2026
  • A round building with a large G and more buildings behind a U.S. and a Texas flag.
    Image attribution tooltip
    Ron Jenkins via Getty Images
    Image attribution tooltip

    Alphabet acquires clean energy developer Intersect for $4.75B

    The acquisition follows a prior partnership between Google and Intersect and represents a new tactic the tech giant’s parent company is adopting in its decarbonization strategy.

    By Lamar Johnson • Jan. 6, 2026
  • A nuclear power plant.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Energy industry dealmaking soared in 2025 on large utility, IPP mergers

    The dollar value of energy industry mergers and acquisitions increased fivefold since 2024, driven by several large mergers that reshaped the utility and energy industries, according to PwC.

    By Emma Penrod • Dec. 23, 2025
  • Buildings burn in the distance.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    Texas sues Xcel over Panhandle fires

    The state is asking for monetary compensation, as well as court orders preventing Xcel from recovering fire costs from customers and from marketing its equipment as safe.

    By Emma Penrod • Updated Dec. 22, 2025
  • A U.S. flag flies in front of shipping containers and cranes at the Port of Los Angeles on Sept. 26, 2025.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Manufacturers prefer price hikes over reshoring to combat tariff effects

    A survey revealed 86% of manufacturers plan to pass on at least some of their cost increases. Raw material price increases averaged 5.4% for 2025 but are projected to see an overall increase of 4.4% in 2026.

    By Shefali Kapadia • Dec. 18, 2025
  • Solar panels cover the roof of a Sam's Club store.
    Image attribution tooltip
    David McNew via Getty Images
    Image attribution tooltip

    SBTi opens pilot for power sector net-zero standard

    The Science Based Targets initiative is looking for companies in the energy industry to test the practicality and usefulness of the draft framework.

    By Lamar Johnson • Dec. 17, 2025
  • Cows graze in a field near a power plant.
    Image attribution tooltip
    Brandon Bell via Getty Images
    Image attribution tooltip

    The week in 5 numbers: DOJ ramps up antitrust action, Texas’ grid growth may slow

    Plus, the turbine backlog that isn’t going away.

    By Dec. 12, 2025
  • A power plant turbine sits in a manufacturing plant.
    Image attribution tooltip
    Courtesy of GE Vernova
    Image attribution tooltip

    GE Vernova expects to end 2025 with an 80-GW gas turbine backlog that stretches into 2029

    CEO Scott Strazik said he expects gas turbine reservations to be sold out through 2030 by the end of 2026. Wind remains the weakest of the company’s three business lines.

    By Brian Martucci • Dec. 11, 2025