Corporate News
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Permission granted by Minnesota Power
OpinionMinnesota’s energy future deserves better than BlackRock’s empty promises
What happens in Minnesota will send a signal to other states about whether regulators are willing to put public interest ahead of Wall Street profit, writes Alissa Jean Schafer of the Private Equity Stakeholder Project.
By Alissa Jean Schafer • Aug. 27, 2025 -
Permission granted by Pattern Energy
TXNM Energy seeks state regulators’ approval for $11.5B Blackstone acquisition
New Mexico advocates are lining up to oppose the deal. Blackstone “has a long track record of putting profits above people,” said Mariel Nanasi, executive director of New Energy Economy.
By Robert Walton • Aug. 26, 2025 -
Explore the Trendline➔
Joe Raedle via Getty Images
TrendlineTop 5 Stories from Utility Dive
Power demand is rising amid dramatic shifts in federal energy policy, but technology and markets continue to push the grid toward cleaner, more distributed resources.
By Utility Dive staff -
Natee Meepian and Petrovich9 via Getty Images
Sponsored by ScottMadden, Inc.Why power utilities must recalibrate strategy now
To confront the challenges facing power utilities today, executives must center strategic planning deliberately and continuously.
By Marc Miller, Gregory Van Volkenburg • Aug. 25, 2025 -
Courtesy of Black Hills Corp.
Black Hills, Northwestern agree to merge, with eye on serving data centers
Data center development — and their need for major power infrastructure — may drive further consolidation among utilities, according to Jefferies analysts.
By Ethan Howland • Aug. 21, 2025 -
Joe Raedle via Getty Images
Surging load growth, ‘bubbling unease’ for utilities, others in Q2
Incumbents and startup companies sought to address investor concerns over changes to tax law and tariffs that could pose significant challenges to the electric industry.
By Meris Lutz • Aug. 19, 2025 -
Gerville via Getty Images
Data center vacancies plummet amid power supply constraints
“Power has become the new real estate,” said Andrew Batson, head of U.S. data center research at JLL.
By Matt Ashare • Aug. 19, 2025 -
BSPollard via Getty Images
Duke Energy proposes merging its Carolina utilities, driving $3.2B in estimated savings
Combining Duke Energy Carolinas and Duke Energy Progress would lead to more efficient system planning and operations, according to the company.
By Ethan Howland • Aug. 15, 2025 -
Brandon Bell via Getty Images
Nuveen raises $1.3B for energy and power infrastructure fund
The fund will look to capitalize on a global growing need for power. Nuveen manages more than $35 billion in infrastructure assets, including some U.S. solar and battery storage.
By Lamar Johnson • Aug. 14, 2025 -
Permission granted by NuScale Power, LLC
Nuclear regulatory approval drives NuScale customer interest, but no deals yet
Having the only U.S. Nuclear Regulatory Commission-approved small modular reactor, plus broader regulatory tailwinds for nuclear energy, could help NuScale land “hard contracts” by year’s end, company executives said.
By Brian Martucci • Aug. 11, 2025 -
Brandon Bell via Getty Images
Oncor has 200 GW of interconnection requests, company officials say
About 20% of the potential demand has signed contracts or is considered “high-confidence load,” CEO Allen Nye said.
By Emma Penrod • Aug. 11, 2025 -
Joe Raedle via Getty Images
Sunrun battery attachment rate hits 70%, up 54% from year ago
Executives with the largest U.S. home energy systems installer said Sunrun is doubling down on energy storage and grid services to offset the loss of federal tax credits for residential solar arrays.
By Brian Martucci • Aug. 8, 2025 -
milehightraveler via Getty Images
Arizona utilities sign up for gas pipeline project, spurred by data center development
Arizona Public Service has 4.5 GW of committed large load in its interconnection queue and 20 GW of other potential large customers, Pinnacle West CEO Ted Geisler said Wednesday.
By Ethan Howland • Aug. 7, 2025 -
Mario Tama via Getty Images
Solar and storage financing is down, but dealmaking is up
Despite an early phase-out of renewable energy tax credits, knowing what the policy landscape looks like going forward should help investors identify the companies that are best positioned to pivot, said Raj Prabhu, CEO of Mercom Capital Group.
By Emma Penrod • Aug. 6, 2025 -
The image by Peretzp is licensed under CC BY-SA 3.0
PSE&G large load pipeline jumps 47%, to 9.4 GW, much of it speculative
Most of the demand is from data centers, but the New Jersey utility only expects about 10% to 20% of the interconnection inquiries to come to fruition, Ralph LaRossa, CEO of Public Service Enterprise Group, the utility’s parent company, said Tuesday.
By Ethan Howland • Aug. 6, 2025 -
Courtesy of Dominion Energy
Dominion’s 2.6-GW offshore wind farm sees slight price hike from tariffs, CEO says
The added expenses will increase customer bills by an average of three cents a month over the entire life of the project, said Bob Blue, Dominion’s president, CEO and chairman.
By Diana DiGangi • Aug. 4, 2025 -
Justin Sullivan via Getty Images
PG&E sees ‘Goldilocks’ growth and path to lower bills in 2027
The company does not plan to issue additional equity, executives said, even if California adopts several proposals around affordability and wildfires they said could raise utility costs.
By Emma Penrod • Aug. 4, 2025 -
halbergman via Getty Images
AEP expects to add 24 GW of load by 2030, mainly from data centers
More than half of the pending load is in Texas, where AEP Texas is set to interconnect 5 GW of cryptocurrency operations, per William Fehrman, AEP president and CEO.
By Ethan Howland • Aug. 1, 2025 -
Michael Ciaglo via Getty Images
Xcel Energy ‘prepared to go to trial’ to fight Marshall Fire liability
The company contends that it did not start the late 2021 Colorado blaze, which caused an estimated $2 billion in damages.
By Emma Penrod • Aug. 1, 2025 -
Mario Tama via Getty Images
Southern California Edison to launch fund for Eaton Fire victims
The utility expects the fund's payments to be reimbursed by California's public wildfire insurance program, which Gov. Gavin Newsom is reportedly looking to expand.
By Emma Penrod • Aug. 1, 2025 -
Courtesy of PPL Electric Utilities
PPL Electric ‘advanced-stage’ data center pipeline grows 32%, to 14 GW
PPL supports legislation in Pennsylvania that would allow utilities to own power plants, CEO Vince Sorgi said.
By Ethan Howland • Aug. 1, 2025 -
PPL utilities reach agreement on adding 1.3 GW of gas-fired power, mainly for data centers
The agreement also pushes out the retirement date of a 297-MW coal-fired unit and withdraws an earlier proposal to build a four-hour, 400-MW battery electric storage system at another gas plant.
By Ethan Howland • July 31, 2025 -
DTE Energy in talks with data centers for 7 GW of new load
Data centers are providing upside to the company’s long-term plan, potentially requiring investment in energy storage and generation, company officials said Tuesday.
By Robert Walton • July 29, 2025 -
Mario Tama via Getty Images
Enphase Energy looks to third-party financing to boost business
CEO Badri Kothandaraman said the company expects “safe harbor” purchases to accelerate later in the year ahead of a sharp sales contraction in 2026.
By Brian Martucci • July 24, 2025 -
Scott Olson via Getty Images
Trump’s big bill is ‘tough but constructive’ for renewables: NextEra
Analysts on an earnings call were skeptical of NextEra’s claims that the company could avoid losing tax credits for its projects.
By Emma Penrod • July 24, 2025 -
Scott Olson via Getty Images
Electric utilities will invest more than $1.1T by 2030 to meet demand growth: EEI
The electric utility sector’s capital expenditures “are higher than any other sector in the U.S. economy,” Edison Electric Institute President and CEO Drew Maloney said.
By Robert Walton • July 23, 2025
