Corporate News: Page 2

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    halbergman via Getty Images
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    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 • Aug. 1, 2025
  • An electric utility truck drives down a street after a wildfire.
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    Michael Ciaglo via Getty Images
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    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
  • High voltage power lines seen from below Explore the Trendline➔
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    Joe Raedle via Getty Images
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    Trendline

    Top 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
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    Mario Tama via Getty Images
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    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
  • A backhoe sits on a causeway near electric power lines.
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    Courtesy of PPL Electric Utilities
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    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 • Aug. 1, 2025
  • Louisville Gas and Electric's coal-fired Mill Creek power plant near Louisville, Kentucky.
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    The image by William Alden is licensed under CC BY-SA 2.0
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    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 • July 31, 2025
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    The image by Notorious4life is licensed under CC BY 1.0
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    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 • July 29, 2025
  • Workers install solar panels on the rooftop of a home.
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    Mario Tama via Getty Images
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    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
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    Scott Olson via Getty Images
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    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
  • A composite wind blade, used in the construction of power-generating wind turbines, displayed outside
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    Scott Olson via Getty Images
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    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 • July 23, 2025
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    iStock.com/Pakin Jarerndee

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    Sponsored by KUBRA

    The rise of credit cards in bill pay: What’s driving it and what’s holding it back?

    More consumers are using credit cards to pay bills, but not without hesitation.

    July 21, 2025
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    Courtesy of SwissDrones
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    Southern Co. taps SwissDrones for unmanned helicopter monitoring

    A recent executive order from President Donald Trump may allow other utilities to follow suit in using unmanned aircraft for grid inspections.

    By • July 18, 2025
  • A high-voltage transmission line runs through barren woods.
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    Permission granted by Minnesota Power
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    Law judge calls for Minnesota PUC to reject $6.2B Allete private equity deal

    The proposed private equity model isn’t in the public interest, an administrative law judge said.

    By • July 16, 2025
  • A Fluence Energy Gridstack battery storage system.
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    Courtesy of Fluence
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    Lydian Energy lands $233M in financing for 550 MW/1.1 GWh of Texas storage

    The Electric Reliability Council of Texas said it expects to have nearly 14,000 MW of storage on its system by September, up from about 10,000 MW last year.

    By • July 15, 2025
  • An aerial view of a hydroelectric dam on a river.
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    The image by Dlthwave is licensed under CC BY-SA 4.0
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    Google to buy up to 3 GW of hydro power from Brookfield

    The technology company will begin by buying power from dams totaling 670 MW in the PJM Interconnection, where power supplies are tight.

    By • July 15, 2025
  • A utility worker works to restore a damaged power-line.
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    Brandon Bell/Getty Images via Getty Images
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    Oncor to propose rate increase, says 5-year capital expenditures could ‘soar’ by $12B

    If Texas regulators approve the rates, customers would see monthly bills rise 4.7%. Almost half of that would go to recovering storm-related costs, the utility said.

    By • June 26, 2025
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    The image by Jakec is licensed under CC BY-SA 4.0
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    Talen to sell Amazon 1.9 GW from Susquehanna nuclear plant

    The “front of the meter” arrangement doesn’t require Federal Energy Regulatory Commission approval, according to Talen Energy.

    By • June 11, 2025
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    Brian Scantlebury via Getty Images
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    Sempra to sell Mexican natural gas business to fund transmission expansion in Texas

    The sale of gas assets and a minority interest in Sempra Infrastructure would reduce the company's need to issue new common stock to fund its $56 billion capital plan, CEO Jeff Martin said.

    By Emma Penrod • May 9, 2025
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    yangphoto via Getty Images
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    Sponsored by Madison Energy Infrastructure

    From risk to resilience: Energy as a competitive edge

    Changes in global energy create risks for businesses, but also a chance to secure a competitive edge

    By Alistair Berven • May 5, 2025
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    Mario Tama via Getty Images
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    Southern California Edison likely faces ‘material losses’ from Eaton Fire, CEO says

    The utility plans to tap California's wildfire insurance fund to pay off most of the potential damages, company leaders said.

    By Emma Penrod • May 2, 2025
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    Quantic69 via Getty Images
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    Exelon data center pipeline doubles to 36 GW since year-end

    However, Exelon faces economic uncertainty “as we all navigate updated tariff policies, federal budget reprioritization and increased energy supply costs,” CEO Calvin Butler said.

    By • May 2, 2025
  • Steam billows from a massive cement smokestack at a nuclear power plant at the edge of the water.
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    The image by Peretzp is licensed under CC BY-SA 3.0
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    PSE&G open to utility-owned generation to tackle supply needs: CEO LaRossa

    In the near term, New Jersey’s largest utility is eyeing options to help customers afford their electricity bills, which are poised to jump 17%, Ralph LaRossa said.

    By • May 1, 2025
  • As smoke rises into the air, a pair of firefighters near a vehicle pull a hose and spray water on burning grass and brush.
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    David Parsons via Getty Images
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    Xcel Energy looks to limit wildfire liability, tariff impacts

    Company leaders are calling for a federal solution to wildfire litigation as new theories emerge in cases against Xcel Energy in Colorado.

    By Emma Penrod • April 28, 2025
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    luza studios via Getty Images
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    PG&E foresees ‘bright future’ with lower prices, higher demand

    CEO Patti Poppe said the company expects new legislation to shore up California's wildfire insurance program this year.

    By Emma Penrod • April 25, 2025
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    alacatr via Getty Images
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    FirstEnergy faces minimal direct tariff impact, but ‘uncertainty’ weighs on customers: CEO

    PJM states will play a key role in meeting resource needs, per FirstEnergy’s Brian Tierney. “It’s leadership by the governors in the states that are going to address this problem most directly," he said.

    By • April 25, 2025
  • Solar panels are laid out on the roof of a factory.
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    Creative via Getty Images
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    NextEra Energy CEO urges ‘energy pragmatism’ amid rising costs, demand

    Plans for new natural gas generation could be harder hit by tariffs than solar or storage projects, CEO John Ketchum said.

    By Emma Penrod • April 24, 2025