Corporate News

  • A New York solar project managed by Perch Energy.
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    Courtesy of DSD Renewables
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    Perch Energy, Arcadia unit merge to form community solar joint venture

    The combined venture will manage more than 3 GW of capacity across 16 states and is poised for additional organic and acquisition-driven growth, the companies said.

    By Brian Martucci • March 11, 2025
  • An aerial view of a burned-out neighborhood with mountains in the background.
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    Mario Tama via Getty Images
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    LA County sues Southern California Edison for Eaton Fire damages

    Court documents allege “clear evidence” that the fire was caused by SCE, which LA County says failed to de-energize all of its equipment despite warnings of extreme wind.

    By Emma Penrod • March 6, 2025
  • A picture of wind turbines in front of solar panels in Palm Springs, California. Explore the Trendline➔
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    Kevork Djansezian via Getty Images
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    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
  • The Golden Pass LNG project under construction near Sabine Pass, Texas.
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    Courtesy of Golden Pass LNG
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    DOE approves LNG export permit extension for Golden Pass

    The extension, for a project owned by QatarEnergy and ExxonMobil, is the third LNG-related decision DOE has issued since President Trump took office.

    By • March 6, 2025
  • NuScale SMR module
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    Permission granted by NuScale Power, LLC
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    US SMR deals remain elusive for NuScale

    On a Monday earnings call, executives reported continued progress on NuScale’s Romania power project and U.S. regulatory engagement for its modified reactor design.

    By Brian Martucci • March 5, 2025
  • A man looks at data center wiring in a large warehouse.
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    halbergman via Getty Images
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    PPL’s Kentucky utilities propose 1.3 GW of gas, 400 MW of storage to meet data center load

    The $3.7 billion plan comes as Kentucky Utilities and Louisville Gas and Electric expect their annual electric sales to jump nearly 50% by 2032.

    By • March 3, 2025
  • An aerial view of a burned-out neighborhood with mountains in the background.
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    Mario Tama via Getty Images
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    Determining cause of Eaton fire could take 12-18 months, Edison International says

    As the utility company continues its investigation into whether its equipment triggered the California blaze, executives say mounting litigation won’t impact the company’s balance sheet.

    By Emma Penrod • March 3, 2025
  • A building with a device inside.
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    Courtesy of Last Energy
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    Last Energy plans to deploy 600 MW of microreactors to power Texas data centers

    The company is exploring front-of-the-meter and behind-the-meter options for a phased deployment that would eventually add 600 MW of nuclear capacity to the ERCOT grid.

    By Brian Martucci • Feb. 28, 2025
  • Construction of Microsoft Azure data center campus progresses in Leesburg, Virginia, on Aug. 16, 2024.
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    Gerville via Getty Images
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    FirstEnergy’s 5-year data center pipeline doubles to 3 GW

    FirstEnergy shares fell nearly 10.5% in trading on Thursday after the company effectively lowered its earnings outlook, according to Jefferies analysts.

    By • Feb. 28, 2025
  • Nuclear power plant structures stand along a shoreline.
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    The image by Peretz Partensky is licensed under CC BY 2.0
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    PSE&G large load pipeline jumps to 4.7 GW as nuclear offtake talks continue: CEO LaRossa

    At the same time, Ralph LaRossa said the future of PJM’s capacity market is unclear. “I don't know if there is a PJM market anymore,” he said Tuesday.

    By • Feb. 26, 2025
  • Industrial background group silhouette of transmission towers (or power tower, electricity pylon, steel lattice tower) at suburb area in Texas, USA.
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    Trong Nguyen via Getty Images
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    Sempra announces $56B capital plan amid rapid Texas growth

    The company plans to open an early rate case for Texas subsidiary Oncor to finance the five-year capital plan.

    By Emma Penrod • Feb. 26, 2025
  • Two offshore wind turbines on the sea with a sunrise on the horizon.
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    Ian Dyball via Getty Images
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    EDF Renewables books $980M impairment from Atlantic Shores Offshore Wind

    EDF’s partner Shell exited the Atlantic Shores joint venture earlier this month, booking a $1 billion impairment associated with the investment.

    By • Feb. 25, 2025
  • Schneider Electric, data centers, 2024 earnings, Blum, Maxson
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    JulPo via Getty Images
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    Schneider Electric books strong 2024 revenue, earnings growth amid data center boom

    DeepSeek’s more computing-efficient AI models have not affected hyperscalers’ expansion plans, but U.S. trade policy bears watching, company executives say. 

    By Brian Martucci • Feb. 24, 2025
  • Electric boxes and wiring on a wall.
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    alacatr via Getty Images
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    Torus, Rocky Mountain Power sign MOU for 70-MW C&I demand response capability

    The agreement could add a major commercial and industrial component to RMP’s Wattsmart Battery program, hailed by the Energy Department as one of the country’s most sophisticated virtual power plants.

    By Brian Martucci • Feb. 21, 2025
  • Two technicians wearing yellow vests walking past racks of electronic equipment in a data center for cryptocurrency mining.
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    halbergman via Getty Images
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    AEP expects electric sales to jump 8.6% annually over 3 years

    American Electric Power is in the early permitting phase for small modular reactors in Indiana and Virginia as data centers and industrial facilities drive demand for power.

    By • Feb. 18, 2025
  • A man watches the flames from the Palisades Fire burning homes on the Pacific Coast Highway amid a powerful windstorm on Jan. 8, 2025 in Los Angeles, California.
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    Apu Gomes/Getty Images via Getty Images
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    PG&E tries to reassure investors amid growing wildfire concerns

    Significant improvement in the company's credit rating may not be possible in the near term, company officials said Thursday. The utility wants California to expand its public wildfire insurance fund.

    By Emma Penrod • Feb. 18, 2025
  • A construction site with two cranes.
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    Gerville via Getty Images
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    Exelon data center pipeline jumps to 17 GW as load forecast turns positive

    CEO Calvin Butler called for new approaches to ensuring the PJM Interconnection has adequate power supplies. “A variety of solutions across regulated and merchant participants is necessary,” he said.

    By • Feb. 13, 2025
  • Transformers and power transmission lines at a power distribution yard August 18, 2003 in Des Plaines, Illinois.
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    (Photo by Tim Boyle/Getty Images) via Getty Images
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    Deep Dive

    Transformer supply bottleneck threatens power system stability as load grows

    Electric transformers are critical to managing power system reliability. Solutions to the bottleneck are emerging, but long wait times remain.

    By • Feb. 12, 2025
  • Three electrical transformers sitting on an elevated platform with electric wires crossing in a blue sky overhead.
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    Permission granted by Ethan Howland
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    Eaton invests $340M in US transformer production

    The company said it aims to help address the ongoing transformer shortage and meet record demand from utility, large commercial, industrial and data center customers.

    By • Feb. 12, 2025
  • An aerial view of a burned-out neighborhood with mountains in the background.
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    Mario Tama via Getty Images
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    Southern California Edison investigates ties to California’s Eaton, Hurst wildfires

    While the cause of the Eaton fire remains unclear, the company says its equipment may have been associated with the ignition of the smaller Hurst fire.

    By Emma Penrod • Feb. 10, 2025
  • A structure is set on Xcel Energy's Rush Creek transmission project in Colorado.
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    Courtesy of Xcel Energy
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    Xcel execs say Chinese tariffs, Trump uncertainty unlikely to affect renewables plans

    The company missed fourth quarter earnings projections but said it remains optimistic for 2025.

    By Emma Penrod • Feb. 7, 2025
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    Kayla Bartkowski via Getty Images
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    Where Trump officials stand on renewable natural gas

    Newly confirmed agency heads have committed to working with Congress on biofuels, though some supportive federal programs may be at risk. Meanwhile, companies like Waga Energy and BerQ RNG are growing their portfolios.

    By Jacob Wallace • Feb. 4, 2025
  • Solar panel with the logos of Wendy's and McDonald's above.
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    Courtesy of Perch Energy
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    Community solar agreement aims to cut electricity costs, emissions across 31 Illinois fast food outlets

    The Perch Energy subscriptions will give All Star Management’s Wendy’s and McDonald’s franchise locations a 10% discount on their electricity bills, the companies said. 

    By Brian Martucci • Feb. 4, 2025
  • Symbolic of Sino-American relations, the flag of the United States of America and the flag of the Republic of China fly together on flag poles next to each other on a sunny, windy day.
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    Stock via Getty Images
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    China responds to Trump with added tariffs, including on coal, LNG

    The new duties are set to take effect Feb. 10 and cover some car, equipment and energy imports.

    By Max Garland • Feb. 4, 2025
  • American flag in front of tall skyscraper building.
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    Busa Photography via Getty Images
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    Sponsored by PowerPlan

    WGL prepares for future corporate tax rate changes

    “We expect tax rate changes in the next 12 months, and with TFA, we’re more than prepared to handle that challenge.”

    Feb. 3, 2025
  • Transmission towers in fog at dawn.
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    Andrei Ksenzhuk via Getty Images
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    2025 US power sector outlook

    The second Trump administration has ramped up energy transition uncertainty. Meanwhile, electricity demand from data centers and electrification continues to grow, and the resource mix is changing.

    By Utility Dive staff • Jan. 31, 2025