Corporate News: Page 2
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EY: Q3 power transactions reach record $241B globally
U.S. deals are valued at $28.8 billion this quarter, a 7% increase from Q2, driven largely by cheaper gas and renewables, according to an Ernst & Young Q3 report.
By Catherine Morehouse • Nov. 14, 2018
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PG&E debt drawdown raises concerns of potential bankruptcy due to fire costs
The utility withdrew all the cash from its revolving credit lines Tuesday, a move financial experts say could presage a bankruptcy filing or other serious financial problems for the utility.
By Gavin Bade • Nov. 13, 2018
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AEP to spend $2.7B on renewables, $24.9B on T&D in next 5 years
American Electric Power plans to use the majority of its five year budget on transmission and distribution operations to "enhance service for customers."
By Robert Walton • Nov. 13, 2018
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Report: CPUC launches PG&E, SCE probes after 3 deadly fires
Lawsuit threats loom after two of the state's largest investor owned utilities alerted regulators to transmission issues near ground zero of blazes that started last week.
By Iulia Gheorghiu • Nov. 13, 2018
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Duke, Dominion issue $1.3B in green bonds
Dominion plans to use the bonds to reimburse for its solar investments while Duke said it would use bonds to fund solar and energy projects.
By Robert Walton • Nov. 12, 2018
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Greenlots and Volvo to partner on charging infrastructure for electric trucks
The project in Southern California is supported by a $44.8 million state grant and will include both DC fast chargers and level 2 chargers.
By Jason Plautz • Nov. 12, 2018
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NantEnergy acquires Sharp Electronics energy services, storage business
Sharp's energy systems business has an active project pipeline exceeding 60 MW of commercial and industrial solar-plus-storage installations in the United States, the companies said.
By Robert Walton • Nov. 09, 2018
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Storage will replace 3 California gas plants as PG&E nabs approval for world's largest batteries
Installation of more than 2,200 MWh of storage will be the first time a utility directly replaces multiple major fossil fuel generators with batteries.
By Gavin Bade • Nov. 09, 2018
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Exelon, PSEG have highest business risk among 34 utilities in Moody's report
All things being equal, the ratings agency says utility holding companies converge at a lower medium grade credit rating. But all things are not equal.
By Robert Walton • Nov. 08, 2018
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Ballot initiative flops mask strong election for clean energy
The failure of high-profile ballot initiatives in Arizona and Washington came amid wins for renewable energy supporters in key gubernatorial races.
By Gavin Bade • Nov. 07, 2018
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Investment firm Ullico buys 24% stake in 1.3 GW renewables portfolio
The firm is nearly doubling its wind and solar portfolio with its investment in sPower, co-owned by AES and the Alberta Investment Management Corporation.
By Iulia Gheorghiu • Nov. 07, 2018
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GE to sell energy efficiency business amid power division restructuring
The company expects a slew of other transactions to close as part of a $20 billion sell-off program, in addition to Current, which will continue operating under the GE brand.
By Iulia Gheorghiu • Nov. 07, 2018
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Texas generators, utilities square off at PUC over storage ownership
The Texas regulatory docket will determine which companies get to own battery storage and other non-traditional grid technologies in the state.
By Iulia Gheorghiu • Nov. 06, 2018
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PG&E defends planned outages as 'last resort' tool to prevent wildfires
The utility has incurred more than $2 billion in costs related to wildfires this year and faces billions more in potential liability, putting a premium on efforts to avert such disasters.
By Robert Walton • Nov. 05, 2018
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Deep DiveVogtle in sight as money pours into Georgia regulator race
Competition for two Public Service Commission seats has become increasingly heated as Republican incumbents garner support from individuals affiliated with Southern Company.
By Iulia Gheorghiu • Nov. 02, 2018
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GM calls for national EV sales program
The automaker said a mandate could get more than 7 million on the roads by 2030, although environmentalists derided the plan as "trying to gaslight the American people."
By Jason Plautz • Oct. 30, 2018
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GE to restructure power division amid expanded SEC, DOJ probe
The company took a $22 billion write-down last quarter related to its power business — a charge federal investigators are now scrutinizing.
By Gavin Bade • Oct. 30, 2018
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US on pace for record coal retirements in 2018, IEEFA finds
The U.S. will retire 15.4 GW of coal capacity this year, the clean energy think tank reported, "easily" exceeding the previous record of 14.7 GW of coal shutdowns in 2015.
By Gavin Bade • Oct. 30, 2018
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Dominion proposes to buy SCANA with larger rate cut, no up-front refunds
South Carolina Electric & Gas customers would see greater bill reductions under the plan, but not the $1,000 refund Dominion pushed in the wake of efforts to recover spending on the V.C. Summer nuclear project.
By Robert Walton • Oct. 29, 2018
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NextEra: Wind will be competitive after PTC sunset due to price declines
"Taller towers, longer blades, better electronics" will help wind prices continue to decline over time, according to Armando Pimentel, president and CEO of NextEra Energy Resources.
By Robert Walton • Oct. 24, 2018
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Deep DiveVirtual contracts drive a boom in corporate renewables procurement
As options for renewable energy purchase agreements grow, more businesses are coming into the market voluntarily.
By Herman K. Trabish • Oct. 23, 2018
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SponsoredThe 2018 Top 40 Utility PowerBrands
PowerBrands assess more than 200 measures of utility brand strength, categorized in four dimensions: brand identity, corporate narrative, customer experience and employee experience.
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Report: Expected ruling on Summer cost recovery could imperil Dominion-SCANA merger
SCE&G wants to recover about $5 billion from ratepayers for the failed V.C. Summer nuclear project through the Base Load Review Act, which a judge is expected to overturn for being at odds with the state's constitution.
By Iulia Gheorghiu • Oct. 23, 2018
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Oracle Utilities boasts industry-leading 20 TWh of savings for consumers
The company says its products have led to seven times the energy savings of the second ranking home energy savings company, Tendril, which had saved consumers 2.7 TWh by May.
By Iulia Gheorghiu • Oct. 22, 2018
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Even in Indiana, new renewables are cheaper than existing coal plants
Eliminating coal generation by 2028, and replacing it with renewables, storage and demand management, will be cheaper than keeping the plants online or converting them to gas, says Northern Indiana Public Service Co.
By Gavin Bade • UPDATED: Oct. 25, 2018 at 3:24 p.m.