Corporate News: Page 2
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A PG&E bankruptcy timeline: The road to Chapter 11 and beyond
Based on increasing liabilities for wildfires involving utility equipment, the company filed bankruptcy for a second time.
By Iulia Gheorghiu • Jan. 31, 2019
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Deep DiveAs solar-plus-storage surges, can smart devices help overcome deployment barriers?
As utilities move to reap the benefits of solar-plus-storage, manufacturing and interconnection barriers threaten to impede growth.
By Herman K. Trabish • Jan. 29, 2019
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Vermont regulators advance first of 3 Green Mountain Power solar-plus-storage projects
The utility seeks to use these projects to lower regional system costs and forward capacity market costs in the ISO-New England region.
By Iulia Gheorghiu • Jan. 29, 2019
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PG&E files for 2nd bankruptcy, ignoring investor pleas
The Chapter 11 filing was widely anticipated, although investors offered $4 billion in funding to help the utility avoid bankruptcy.
By Robert Walton • Jan. 29, 2019
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Corporate clean energy PPAs doubled to 13 GW in 2018: BNEF
Corporate PPAs are driving wind and solar growth, while energy storage isn't yet cost competitive enough to be paired with renewables for those agreements, according to BNEF.
By Iulia Gheorghiu • Jan. 29, 2019
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FERC claims 'concurrent jurisdiction' in PG&E-NextEra bankruptcy dispute
The commission's Friday order could give NextEra and other power producers an avenue to preserve contracts with PG&E if the utility invalidates them as part of its Chapter 11 proceeding.
By Robert Walton • Jan. 28, 2019
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NextEra 'very comfortable' despite PG&E bankruptcy concerns
During its Q4 earnings call, the company said it had several financial vehicles to mitigate for the effects of a potential PG&E bankruptcy proceeding.
By Iulia Gheorghiu • Jan. 28, 2019
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Edison Electric Institute takes on wildfire challenges with new CEO task force
With the growing threat of wildfires in California, existing regulations block utilities from clearing vegetation around infrastructure, the industry group's president told a Washington audience.
By Iulia Gheorghiu • Jan. 25, 2019
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Cal Fire concludes PG&E did not cause 2017 Tubbs Fire, sending shares soaring
Officials said a private electrical system caused the deadly fire, but the utility remains in financial jeopardy for its involvement in other blazes and is preparing to file for bankruptcy protection.
By Robert Walton • Jan. 24, 2019
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PG&E balks at judge's potential $150B probation terms as it faces bankruptcy
The judge overseeing PG&E's probation related to the 2010 San Bruno pipeline explosion is considering new conditions the utility says are infeasible, and a U.S. attorney says could interfere with other state and federal efforts.
By Robert Walton • Jan. 24, 2019
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FirstEnergy Solutions reaches restructuring agreement, could emerge from bankruptcy in 2019
The agreement leaves open the possibility FirstEnergy Solutions could continue to own and operate its retail and wholesale load-serving business.
By Robert Walton • Jan. 24, 2019
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Deep DivePG&E, SCE, SDG&E pursue subscriptions, time-of-use rates to drive more California EVs
As regulators call for a more formal transportation electrification framework, the state's utilities are stepping up with pilot programs that address peak demand and rate concerns.
By Herman K. Trabish • Jan. 23, 2019
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PG&E, NextEra face off in bankruptcy-related FERC filings
Pacific Gas & Electric expects the bankruptcy process to stretch two years, or possibly longer, leaving developers worried about getting paid for their existing power purchase agreements.
By Robert Walton • Jan. 23, 2019
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Bundling small capacity solar: How Bloomberg, Salesforce made VPPA's work for them
The companies partnered with Gap, Cox Enterprises and Workday to purchase 42.5 MW of a larger North Carolina solar project in a collaboration that aims to empower businesses with smaller energy needs to contract renewable energy.
By Iulia Gheorghiu • Jan. 23, 2019
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Gas outages hit 10K in Rhode Island after issue on Algonquin pipeline
Pipeline operator Enbridge reported an explosion on a pipeline that serves Algonquin earlier in the day, but later said the incidents were not connected.
By Gavin Bade • UPDATED: Jan. 22, 2019 at 5:30 p.m.
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Deep Dive
Bailout doubt – PG&E faces bankruptcy amid California's 'first climate change-caused emergency'
Stakeholders say few will benefit from bankruptcy, but alternatives have been dubbed "politically too hot to touch."
By Herman K. Trabish • Jan. 22, 2019
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Southern CEO: Georgia Power to consider resilience in IRP for first time
"Maybe you take coal plants out of service but you keep them alive in the event that you have a resiliency emergency," Tom Fanning told a Washington audience Thursday.
By Iulia Gheorghiu • Jan. 18, 2019
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San Francisco considering municipal utility as PG&E prepares bankruptcy filing
The city government's retail water and power provider is planning for when PG&E files for Chapter 11 protections, "including possibility of acquiring or building electrical infrastructure assets."
By Gavin Bade • UPDATED: Jan. 15, 2019 at 12:31 p.m.
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PG&E to file for bankruptcy protection as California wildfire costs mount
The company that emerges from the Chapter 11 proceeding could look quite different from the large, investor-owned utility holding company that is the biggest player in California.
By Gavin Bade • UPDATED: Jan. 14, 2019 at 12:39 p.m.
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California regulators move to outline wildfire cost recovery as PG&E teeters
The CPUC opened a docket to determine how much PG&E can pay for wildfire damages on the same day that Moody's downgraded its credit rating four notches.
By Gavin Bade • Jan. 11, 2019
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New California governor prioritizes PG&E as CPUC moves to examine wildfire cost recovery
Democrat Gavin Newsom is reportedly having long conversations with PG&E executives as the utility hires several financial advisors to explore its options.
By Larry Pearl • Jan. 10, 2019
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AEP seeks 1.2 GW of wind proposals, nearly six months after canceling $4.5B Wind Catcher
AEP subsidiary Southwestern Electric Power Company launched the request Tuesday to take advantage of the federal Production Tax Credit by December 2021.
By Catherine Morehouse • Jan. 09, 2019
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Hawaiian Electric submits 7 projects totaling over 1 GWh storage, 260 MW solar for regulatory review
Six of the seven solar+storage projects offer record-low prices for solar-plus-storage grid-scale developments in the state.
By Iulia Gheorghiu • Jan. 08, 2019
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Arizona names head regulator critical of APS political influence
New ACC Chairman Bob Burns could have the votes to force campaign spending disclosures from Arizona Public Service and its parent company.
By Iulia Gheorghiu • UPDATED: Jan. 9, 2019 at 8:36 a.m.
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Deep DiveUtilities look to Netflix audience clustering model for customer engagement
As efforts to engage customers grow, utilities are looking to data analytics, online portals and personalized messaging to better understand diverse customer preferences.
By Herman K. Trabish • Jan. 08, 2019