Corporate News: Page 2

NextEra doubles down on green hydrogen, other renewables

The company said Wednesday it has added more than 5,700 megawatts over the first nine months of 2021 to its backlog of renewable energy and storage projects.

By Scott Van Voorhis • Oct. 21, 2021

Boards facing regulatory scrutiny intensify ESG focus as SEC preps climate risk disclosure rules

Corporate directors are waking up to the need to weave sustainability best practices into business strategy, surveys show.

By Jim Tyson • Oct. 19, 2021

Explore the Trendline➔

Decarbonization

Companies and governments are pushing to reduce carbon emissions, prompting questions about the future of gas, transitioning workforces and integrating renewables, among other challenges.

By Utility Dive staff

Empire Wind pushes opening of New York's first offshore wind farm to 2026

The developer told federal regulators it needs until December 2026 to build New York's first major offshore wind farm.

By Scott Van Voorhis • Updated Oct. 16, 2021

JPMorgan Chase joins UN's Net-Zero Banking Alliance

The pledge comes weeks ahead of a United Nations climate-focused conference in Glasgow, but the initiative has drawn blowback from advocates seeking stricter emissions standards.

By Robin Bradley • Oct. 12, 2021

How microlearning helps utility employees adapt to the fast-changing power industry

Utilities use microlearning to quickly and effectively train workers on changing policies and equipment.

Oct. 11, 2021

Battery recycling firm Li-Cycle nets $100 million investment from Koch Industries subsidiary

The investment will support Toronto-based Li-Cycle's expansion in North America, Europe and Asia.

By Jason Plautz • Oct. 7, 2021

US utilities have billions in unpaid customer balances. What should they do?

The day of reckoning will inevitably come when regulators will have to determine who pays for unpaid balances: the delinquent customer, other customers, utility shareholders, taxpayers, NGOs, or having a shared responsibility.

By Kenneth W. Costello • Oct. 6, 2021

North Carolina passes bill expected to give Duke timely cost recovery, implement clean energy plan

Gov. Roy Cooper, D, is expected to sign the bill, though opponents say it could drive up electric rates by 50%.

By Ethan Howland • Updated Oct. 8, 2021

16 utilities took $1.2B in COVID relief while continuing power shutoffs: report

A new report is critical of the U.S. utilities that received millions from the government's pandemic recovery stimulus while they were shutting off customer power almost 1 million times.

By Robert Walton • Oct. 1, 2021

SoCal residents blast SoCalGas plan to settle Aliso Canyon lawsuits for up to $1.8B, continue push for shutdown

The agreements will not cover a separate investigation by the California Public Utilities Commission to determine whether the utility should face fines related to the leak at the natural gas storage facility.

By Kavya Balaraman • Sept. 29, 2021

AES-Siemens joint venture Fluence joins raft of storage firms moving to go public

As the storage market booms, firms like ESS, Stem and Energy Vault have all gone public.

By Jason Plautz • Sept. 29, 2021

PSEG plans $900M in upgrades to 'last-mile' reliability, EV infrastructure

The work-from-home shift in society and an expected transition to electric transportation has added almost a billion dollars to PSEG's capital spending plan for 2021-2025.

By Scott Van Voorhis • Sept. 28, 2021

PPL makes 'small' investment to gain insight into 'innovative' $2.5B SOO Green transmission project

The 350-mile proposed line would connect the MISO and PJM grids, bringing wind power from Iowa to Illinois. PPL has bought in for an undisclosed amount, looking to study new ways of developing transmission.

By Robert Walton • Sept. 27, 2021

SEC asks companies for details on impact of climate change

The SEC has asked CFOs for details about the risks and opportunities from climate change while preparing a proposed rule on disclosure.

By Jim Tyson • Sept. 24, 2021

With huge grid infrastructure investment looming, NextEra, PG&E offer lessons on the key role of ESG

With a House vote expected on nearly $70 billion of grid infrastructure investments, utilities and energy providers must respond to a call to action for investing in social impact, sustainability, and corporate responsibility, the authors assert.

By Ryan P. Martin and Jan Maceczek • Sept. 24, 2021

AEP has most to gain among US utilities from transmission reforms, incentives: Morgan Stanley

A handful of utilities stand to benefit from a suite of policies and investments the federal government is considering, according to a Sept. 21 research note.

By Robert Walton • Updated Sept. 24, 2021

New Orleans City Council votes to investigate Entergy's Ida-related failures

City leaders have also asked state regulators and the Federal Energy Regulatory Commission to investigate the company, with a particular focus on transmission failures.

By Robert Walton • Updated Sept. 24, 2021

Archaea Energy merger completed, setting up major landfill renewable natural gas producer

Archaea and Aria Energy have joined forces in a deal led by a special purpose acquisition company, signaling that the waste industry sees increasingly lucrative potential in high-Btu landfill gas projects.

By Cole Rosengren • Updated Sept. 16, 2021

BlackRock losing 'patience' on pace of corporate ESG disclosure

The hedge funds that lead most proxy battles seek to ride a rising tide of investor concern about sustainability.

By Jim Tyson • Sept. 20, 2021

New Orleans council chief calls for investigation into Entergy's Hurricane Ida response

Councilmember Helena Moreno plans to introduce a resolution calling for an investigation into Entergy’s storm response and related issues at the City Council’s Sept. 22 meeting.

By Scott Van Voorhis • Sept. 17, 2021

Landmark Illinois climate bill resolves standoff over Exelon nuclear plants

The legislation also provides a road map for sunsetting the state’s coal-fired plants while setting a target of 40% renewable power for the state’s power sector by 2030.

By Scott Van Voorhis • Sept. 15, 2021

Utility shutoff moratoriums protected many consumers earlier in the pandemic. What happens now?

Cities and states are looking at how to help residents likely to lose power once utility shutoff moratoriums end. 

By Jason Plautz • Sept. 9, 2021

Avangrid deal for PNM enters final stages of New Mexico regulatory review

Avangrid has made additional concessions in a bid to win regulatory approval in New Mexico for its acquisition of PNM Resources.

By Scott Van Voorhis • Sept. 7, 2021

Time running out for Exelon's Byron and Dresden nuclear plants as Illinois Senate passes major energy bill

The state Senate's clean energy package, which still needs to pass the House of Representatives, would provide nearly $700 million over five years for the nuclear power sector.

By Scott Van Voorhis • Sept. 2, 2021

Duke explores shutting coal-fired plants by 2030 in South Carolina plans

The revised plans come after South Carolina regulators voted in late June to reject the utility's previous proposals and send the company back to the drawing board.

By Scott Van Voorhis • Sept. 1, 2021