Corporate News: Page 2
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Sponsored by QuestlineUtilities trying new strategies to boost dynamic pricing enrollments
How utilities are boosting enrollment in alternative rate plans with customer outreach and education.
Oct. 10, 2022 -
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AEP eyes sale of competitive retail business in PJM as company focuses on regulated wires, renewables
American Electric Power expects to dedicate 65% of its $40 billion in capital expenditures over the next five years toward transmission and distribution, company officials said Tuesday.
By Ethan Howland • Oct. 5, 2022 -
Explore the Trendline➔
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TrendlineSustainability
Power 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 -
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Consolidated Edison sells renewable energy businesses to Germany’s RWE for $6.8B
The deal allows Consolidated Edison, the electricity provider in New York City, to “sharply focus on our core utility businesses” and the state’s energy transition, company officials said.
By Robert Walton • Oct. 3, 2022 -
NYC official urges BlackRock to clear up ‘alarming’ ESG ambiguity
The city's comptroller asked the asset manager to publish a plan that clarifies its net-zero emissions pledge, including concrete steps and a timeline. BlackRock’s ESG stance has also drawn fire from fossil-fuel advocates.
By Dan Ennis • Sept. 27, 2022 -
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OpinionThe maxim of the SEC’s climate rule: What you don’t know can hurt you
The standardized disclosures of climate risks will effectively lay bare companies’ readiness to transition to low-carbon operating models and the mounting physical hazards they face, the authors write.
By Bob Hinkle and Lisa Jacobson • Sept. 22, 2022 -
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Competitive Power Ventures set to build $3B, 1.8 GW natural gas plant with carbon capture in West Virginia
The project was enabled by expanded tax credits for alternative energy projects in the Inflation Reduction Act.
By Julie Strupp • Sept. 21, 2022 -
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FirstEnergy CEO Strah retires suddenly as the company eyes asset sales
“It is unclear whether the Board [of Directors] will consider a full sale of the company at this time,” Morgan Stanley analysts said in a note Friday.
By Ethan Howland • Sept. 19, 2022 -
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McDonald’s strikes 15-year solar energy deal with EDF Renewables North America
The partnership is expected to meet the electricity consumption needs of over 1,200 McDonald’s restaurants.
By Emma Liem Beckett • Sept. 15, 2022 -
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BP to acquire retail power and gas provider EDF Energy Services as it shifts into broader energy market
Under the agreement, BP will obtain EDF’s full retail operating capabilities while EDF integrates with other BP businesses that are focused on decarbonization, including BP Wind Energy, BP pulse and BP Launchpad.
By Brett Dworski • Sept. 14, 2022 -
BlackRock blasts Republican AGs’ ‘misconceptions’ on its ESG role
The asset manager doesn’t “dictate to companies what specific emission targets they should meet,” BlackRock’s head of external affairs wrote last week in a letter. Rather, it asks companies to disclose climate-related data.
By Dan Ennis • Sept. 12, 2022 -
PECO Energy agrees to $150K civil penalty, energy assistance payments, for improper 2018-19 disconnections
The issues stem from software updates at PECO Energy's customer call center. The utility has also agreed to contribute about $400,000 to a bill payment assistance fund.
By Robert Walton • Aug. 30, 2022 -
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Court places Tampa Electric on probation, orders $500K fine for fatal 2017 coal furnace accident
The utility will serve 36 months probation and implement a safety compliance plan designed by an independent third party auditor, in addition to the fine.
By Emma Penrod • Aug. 29, 2022 -
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Risk of cyberattack emerges as top concern of US executives
A PwC study shows cyber risk is a top concern among entire C-suite and corporate boards as companies are spending additional funds to boost resilience.
By David Jones • Aug. 24, 2022 -
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What inflation – and the Inflation Reduction Act – mean for the clean energy sector
While inflation rates could pose challenges for clean energy projects, the passage of the Inflation Reduction Act could more than make up for those impacts, experts say.
By Kavya Balaraman • Aug. 16, 2022 -
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Ford unveils largest-ever renewable energy purchase from a US utility with 650-MW DTE Energy deal
The deal will allow every vehicle Ford builds in Michigan to be assembled with the equivalent of 100% carbon-free electricity 10 years earlier than its global goal, the company said.
By Larry Pearl • Aug. 11, 2022 -
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Xcel Energy expects to build $1.2B in power line projects under MISO’s new $10.3B transmission plan
At $7.4 billion, transmission spending makes up the second-largest piece of Xcel’s 5-year capital expenditure plan.
By Ethan Howland • Aug. 9, 2022 -
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Dominion Energy mulls appeal of ‘untenable’ performance standard for $9.8B offshore wind project
Meanwhile, the utility has paused hooking up data centers in northern Virginia due to transmission constraints, company officials said Monday.
By Ethan Howland • Aug. 8, 2022 -
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Virginia regulators approve Dominion Energy’s 2.6-GW, $9.8B offshore wind farm
The project will be the largest wind farm in the U.S. and the first with diversity hiring requirements, the Sierra Club noted.
By Larry Pearl • Aug. 8, 2022 -
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Duke Energy to consider selling its $4B, 5.1-GW commercial renewable energy arm, CEO Good says
Any earnings from the sale will be used to avoid high-interest debt as the company’s regulated utilities transition to clean energy, company leaders said Aug. 4.
By Emma Penrod • Aug. 5, 2022 -
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Ford expands EV battery sourcing pool as supply concerns mount
The automaker is diversifying the mineral mix for batteries used in electric vehicles as it looks to ramp up production.
By Kate Magill • Aug. 5, 2022 -
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GM secures supply agreements with LG Chem, 2 others to support goal of producing 1M EVs a year
The automaker’s sourcing agreements were announced as the industry scrambles to secure battery materials amid tight supply.
By Megan Ruggles • Aug. 5, 2022 -
Costa, Kate. (2017). Retrieved from US Department of Energy.
Sunrun, SunPower gain as residential solar grows amid rising utility bills, reliability concerns: Morgan Stanley
Falling rooftop solar and microgrid prices could threaten utilities, according to Paul Patterson, a Glenrock Associates equity analyst.
By Ethan Howland • Aug. 5, 2022 -
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NRC authorizes Southern Nuclear to begin operation of Vogtle Unit 3
The Nuclear Regulatory Commission’s decision follows it issuing the first design certification for a small modular reactor and comes as Congress considers billions of dollars in financial incentives for existing nuclear plants.
By Larry Pearl • Aug. 4, 2022 -
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Deep DiveNextEra’s ‘game-changing’ Real Zero emissions goal spurs questions about hydrogen, demand-side management
NextEra, the world’s biggest IOU by market cap, wants a “real” reduction of all carbon emissions by FPL, its regulated subsidiary, with solar, batteries and green hydrogen, but it will go without much help from the demand side.
By Herman K. Trabish • Aug. 3, 2022 -
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Global renewable investment sets new record at $226B in H1 despite supply chain constraints: BNEF
Bucking the “headwinds” of inflation and other challenges, BloombergNEF data shows an 11% rise in global renewable energy financing in the first half of 2022.
By Robert Walton • Aug. 3, 2022
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