Corporate News: Page 2
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PG&E reorganization plan includes $17.9B for wildfire claims, but funding remains uncertain
A more detailed reorganization plan must be filed with a federal bankruptcy court by Sept. 29, with a key question being how Pacific Gas & Electric will fund it.
By Robert Walton • Sept. 10, 2019 -
San Francisco offers PG&E $2.5B for city's grid
The city's offer is part of a plan to develop a municipal provider and came three days before the bankrupt utility is expected to propose a path to solvency.
By Robert Walton • Sept. 09, 2019 -
Arizona's chief utility regulator pressures APS to cut political spending
A lack of action by Arizona Public Service and its parent company, Pinnacle West, could impact the utility's next rate proceeding, according to Arizona Corporation Commissioner Bob Burns.
By Iulia Gheorghiu • Sept. 09, 2019 -
Cleco, SWEPCO shift coal plant use, target 2.8 GW renewables in latest resource plans
Southwestern Electric Power and Cleco Power, which co-own the Dolet Hills power plant, have adjusted the generator to seasonal dispatch in light of increasing costs for the fuel and other factors.
By Iulia Gheorghiu • Sept. 06, 2019 -
Tri-State subject to FERC regulation as it adds non co-op member
Tri-State has expressed concerns over growing calls for increased state oversight of its facilities and rates, noting there is political pressure for such a move in New Mexico and Colorado.
By Robert Walton • UPDATED: Sept. 6, 2019 at 8:52 a.m. -
Dominion to invest $277M in unauthorized revenue from 2018 in offshore wind, smart meters
The utility says state lawmakers have approved investments where it intends to spend the over-collection. A ratepayer advocate says the utility is "cheating Virginia customers."
By Robert Walton • Sept. 03, 2019 -
Delayed since 2016, Constitution Pipeline scores win on New York water permit
The Federal Energy Regulatory Commission last week reversed a previous decision, breathing new life into the Williams Cos. project and leaving backers cautiously optimistic.
By Robert Walton • Sept. 03, 2019 -
Santee Cooper to shutter half its coal over next decade
Santee Cooper's incoming CEO, Mark Bonsall, is steering the utility in a new direction with plans to lower carbon emissions.
By Robert Walton • Aug. 29, 2019 -
Wildfires in Alaska? A historic drought has local utility scrambling
Fires burning to the north and south of Chugach Electric Association's territory prompted the utility to make operational changes and step up vegetation maintenance.
By Robert Walton • Aug. 28, 2019 -
Deep DivePG&E may answer the billion dollar grid modernization question
A step-by-step regulatory process in California confronts the technical challenges and "obscene expenses" of distributed resource investments.
By Herman K. Trabish • Aug. 26, 2019 -
TVA board approves long-term plan adding 14 GW solar by 2038
The board also called for the addition of simple cycle gas units to follow the variable loads created by renewable energy additions.
By Iulia Gheorghiu • Aug. 23, 2019 -
Vistra to shutter 4 Illinois coal plants, totaling over 2,000 MW
The closures are necessary to stay compliant with changes to Illinois' Multi-Pollutant Standard Rule, but the utility says changing economics made the early retirements "inevitable."
By Robert Walton • Aug. 23, 2019 -
FirstEnergy Solutions' bankruptcy plan hits snag as judge presses utility to resolve union contracts
FES wants to scrap FirstEnergy labor contracts, including pensions for long-time nuclear plant workers, while emerging from bankruptcy with up to $1.1 billion in cash, witnesses say.
By John Funk • Aug. 22, 2019 -
Virginia regulators allow customers to exit Dominion service for 100% renewables offerings
The utility was ordered to restart processing exit applications in August from customers this summer, as its own 100% renewable energy plan is pending before regulators.
By Iulia Gheorghiu • UPDATED: Sept. 19, 2019 at 9:15 a.m. -
Duke renewables program allows large customers to negotiate directly with suppliers
The utility's unsubsidized Green Source Advantage program gives new procurement options for large energy users, starting with 600 MW.
By Robert Walton • Aug. 22, 2019 -
Vistra's spending spree continues with $475M acquisition of Ambit
The deal, which remains subject to regulatory approval, would boost Vistra's residential ERCOT market from 25% to 32%.
By HJ Mai • Aug. 22, 2019 -
Phase 2 of HECO's performance-based rate rollout would reward speedy DER interconnection
The company's proposal includes several performance-based metrics, including penalties and rewards for speed of connecting DER systems less than 100 kW.
By Robert Walton • Aug. 21, 2019 -
Tesla relaunches solar division, will rent rooftop systems in 6 states
"With the new lower Tesla pricing, it's like having a money printer on your roof if you live [in] a state with high electricity costs," CEO Elon Musk tweeted.
By Robert Walton • Aug. 20, 2019 -
New Mexico city fights for federal carbon capture funding in next move to save San Juan coal plant
Farmington, New Mexico, signed an agreement to transfer 95% of the plant's ownership from other stakeholders to a local energy company.
By Catherine Morehouse • Aug. 19, 2019 -
Bankruptcy judge maintains PG&E exclusivity and allows Tubbs fire victims to sue
Allowing Pacific Gas & Electric's creditors to put forth competing plans ahead of the utility's reorganization plan would not help wildfire victims, the judge ruled.
By Robert Walton • Aug. 19, 2019 -
New CPUC efficiency goals are equivalent to reducing 658,000 cars-worth of GHGs
California's revised targets reflect declining potential in energy efficiency savings from utility rebate programs, due to lighting improvement savings.
By Robert Walton • Aug. 19, 2019 -
OpinionX's and O's: How utilities can leverage data channels to improve employees and drive new business
One way to stay a step ahead of the disruptive forces that are shaping the energy business is to become a disruptor yourself, writes SAP's James Eardley.
By James Eardley • Aug. 19, 2019 -
NRC hints at upcoming early site determination for TVA advanced nuclear project
The Tennessee Valley Authority has not determined whether it will move ahead with the project but wants the option to locate small modular reactors at the Clinch River Site.
By Robert Walton • Aug. 16, 2019 -
GE misreporting finances by $38B, Madoff whistleblower claims
The company denies improprieties and accuses the analyst of having a vested interest in creating short-term volatility in its stock.
By Robert Freedman • Aug. 15, 2019 -
PG&E fights for control of its future, access to new wildfire fund
Pacific Gas & Electric told a bankruptcy court this week it is "uniquely positioned" to develop its own reorganization plan, which it pledged to file by Sept. 9.
By Robert Walton • Aug. 15, 2019
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