Corporate News: Page 2

LevelTen Energy eyes C&I sector interest in contracting energy storage resources

Following the facilitation of a deal to power 550 Starbucks stores in California through virtual solar and energy storage agreements, the company began offering a new storage contract to reduce risk in larger project investments.

By Iulia Gheorghiu • Dec. 17, 2020

Amazon subsidiary Zoox gives first look at its autonomous electric robotaxi

The company said the vehicle is built for "dense, urban environments" and can reach up to 75 miles per hour in both directions.

By Chris Teale • Dec. 16, 2020

Explore the Trendline➔

Trendline

Utility Business Model Reform

Utilities and regulators around the country are exploring new business models, from updated rate structures to performance-based regulation, in order to meet evolving policy and business priorities.

By Utility Dive staff

Opinion

What a corporate tax rate increase could mean for utility ratemaking

Utility executives and regulators need to use this time of uncertainty to evaluate the impact of potential tax rate changes, especially considering COVID-19 financial pressures, disconnect moratoriums, and collectibility risks, the authors write. 

By Kimberly Johnston and Michael J. Reno • Dec. 16, 2020

Opinion

Utilities should be required to disclose their climate-related financial risks

New York regulators are calling on utilities to disclose such risks, which could help the financial sector interpret what the companies are doing and adjust accordingly, the authors write.

By Justin Gundlach, Michael Panfil and Romany Webb • Dec. 15, 2020

Smart Columbus pushes ahead on corporate decarbonization

The Smart Columbus Energy program is designed to help Central Ohio's corporate and industrial organizations transition to clean energy through wind and solar energy procurement.

By Chris Teale • Dec. 14, 2020

GE announces first US wind turbine blade recycling program with Veolia

The blades were the only part of the turbines not getting recycled, and will now be shredded to replace raw materials currently used for cement manufacturing, resulting in lower CO2 emissions.

By Iulia Gheorghiu • Dec. 09, 2020

Dive Awards

Utility of the Year: NextEra Energy

NextEra Energy is investing in green hydrogen, solar energy and grid resilience, even as the company's effort to expand via M&A have come up dry.

By Utility Dive Team • Dec. 09, 2020

Dive Awards

Executive of the Year: Ben Fowke, Xcel Energy

Fowke, who also chairs utility trade group Edison Electric Institute, has kept Xcel committed to a pathway for eliminating carbon emissions, stakeholders say.

By Utility Dive Team • Dec. 09, 2020

Dive Awards

The Utility Dive Awards for 2020

The winners exemplified leadership in a time of crisis by working toward economic means of transitioning the power sector.

By Utility Dive Team • Dec. 09, 2020

Google calls for more RTOs, designs 'intelligent platform' to meet 24/7 clean energy goal

The development of new software and access to more RTOs are key to achieving Google's goal of eliminating its remaining reliance on coal and gas, the company's global energy markets and policy chief tells NARUC.

By Emma Penrod • Dec. 04, 2020

Vineyard says change to larger GE wind turbines doesn't require permit change

Vineyard Wind finished a technical review at the end of January, prompting the Bureau of Ocean Energy Management to restart the permitting for its 800 MW project.

By Iulia Gheorghiu • UPDATED: Jan. 28, 2021 at noon

Deep Dive

Utility customers owe up to $40B in COVID-19 debt, but who will pay it?

Shutoff moratoria have provided a reprieve for some on 2020 power bills, but still-mounting debt needs forgiveness or securitization, analysts say.

By Herman K. Trabish • Dec. 03, 2020

Mississippi Power plans 'smart neighborhood' with Tesla batteries, Solar Roofs

The community of up to 150 homes will also feature automation along with energy-efficient equipment and appliances like smart thermostats and refrigerators.

By Cailin Crowe • Dec. 01, 2020

Moody's, S&P lower FirstEnergy credit rating to 'junk' amid more potential fallout from corruption probe

Meanwhile, a federal judge on Tuesday ordered lawyers for former FirstEnergy subsidiary FirstEnergy Solutions to explain their involvement, if any, in a scheme to pass legislation to subsidize two nuclear plants.

By John Funk • Nov. 25, 2020

How to best manage ESG disclosures

Environmental, social and governance reporting will likely become mandatory for public companies, specialists say. CFOs should figure out best practices now.

By Ted Knutson • Nov. 25, 2020

Ohio PUC Chairman Samuel Randazzo abruptly resigns four days after FBI searched his home

The FBI raided Randazzo's Columbus home early Monday morning with a sealed search warrant thought to be connected to an ongoing investigation into political corruption and the bailout of two Ohio nuclear power plants.

By John Funk • Nov. 21, 2020

Deep Dive

Why capital markets are continuing to finance utilities facing rising flood and other climate change impacts

In a sample of 18 utility disclosures on climate risks analyzed by Utility Dive, 13 stated flooding and heavy storms were a short-to-mid term threat.

By Iulia Gheorghiu • Nov. 20, 2020

sPower merger allows AES to ramp up 24/7 clean energy product offerings to customers like Google

Though not the first company to offer a 24/7 power product, an analyst says streamlining renewable generation and storage offerings is a smart move amid growing corporate demand.

By Emma Penrod • Nov. 20, 2020

PG&E taps Consumers Energy chief Patricia Poppe as new CEO after months-long search

Poppe was chosen in part because of her track record on implementing a strong safety culture, interim CEO Bill Smith said Wednesday.

By Kavya Balaraman • Nov. 19, 2020

Deep Dive

Wildfires pushed PG&E into bankruptcy. Should other utilities be worried?

Catastrophic wildfires, which can lead to billions of dollars in damages, present a unique financial risk that the utility sector will want to get ahead of, experts say.

By Kavya Balaraman • Nov. 19, 2020

Calculating the costs of climate change in the energy, waste sectors

Waste Dive, Utility Dive and Smart Cities Dive teamed up for a series presenting the way their sectors are evaluating the impacts and costs of mitigating climate change.

By Nami Sumida • Nov. 18, 2020

Climate risks are accelerating. Here's what Duke, PG&E and 16 other utilities expect to pay.

Utility Dive took a closer look at how climate risks are threatening utilities — and how much it's going to cost to mitigate them.

By Utility Dive Editors • Nov. 18, 2020

Tesla rival Nikola says Biden administration bodes well for its business model

The electric vehicle manufacturer's outward optimism hasn't camouflaged its troubles. Net losses are up, and the uncertain GM deal looms large.

By S.L. Fuller • Nov. 12, 2020

Did Evergy reject a $15B bid from NextEra? Maybe — but not recently.

Reuters, citing anonymous sources, reported on Monday that NextEra made a bid to acquire Kansas-based Evergy and the offer was recently rejected. The two utilities had been in talks, but that process was terminated months ago.

By Robert Walton • Nov. 11, 2020

Fed flags climate change as financial risk, seeks transparency from banks

The declaration comes as TD Bank committed Monday to net-zero carbon emissions by 2050 for the projects it finances.

By Dan Ennis • Nov. 10, 2020