Corporate News: Page 2

Utilities taking action to improve key accounts engagement

From key account manager training to improved customer experiences, utilities are tackling the growing challenge of commercial and industrial customer engagement head on.

April 18, 2022

Virginia governor approves tax exemption for residential and mixed-use solar installations

Solar advocates praised the state for removing a potential barrier to solar access, but it remains unclear exactly how the exemption will apply to residents.

By Emma Penrod • April 14, 2022

Explore the Trendline➔

Sustainability

Power companies are pursuing increasingly ambitous sustainability goals around clean energy, but integrating rising amounts of renewables, minimizing environmental impacts, and achieving carbon reduction targets can be challenging.

By Utility Dive staff

Google invests $9.5B in US offices and data centers

The investments come at a time when the data center industry is booming and the company is pursuing 100% clean energy for every hour of the day.

By Sebastian Obando • April 14, 2022

Arizona regulators deny SRP gas plant expansion, citing community impacts and insufficient supporting evidence

Salt River Project said the decision creates a near-term resource issue and that it will continue to evaluate its "generation and market options."

By Robert Walton • April 13, 2022

PG&E agrees to pay $55M to settle Kincade, Dixie wildfires

The utility also committed to multiple wildfire safety and response efforts as part of the settlement agreements. 

By Kavya Balaraman • April 12, 2022

Wells Fargo names its first chief sustainability officer

Robyn Luhning will ensure transparency in the bank's environmental, social and governance disclosures. Wells Fargo said it aims to set interim financed emission targets for its oil, gas and power portfolios by the end of 2022.

By Dan Ennis • April 7, 2022

Inside PepsiCo's strategy for fleet electrification

For the food and beverage giant, executive buy-in is a crucial part of scaling for the future.

By S.L. Fuller • April 5, 2022

DOE takes stock of offshore wind supply chain, calls for 2,100 turbines to meet 30 GW goal

Barring supply-chain constraints, NREL said, it expects 30.1 GW of offshore wind to be installed in the U.S. by the end of 2030, meeting the Biden administration's goals.

By Iulia Gheorghiu • March 31, 2022

Data pose biggest hurdle to ESG disclosure: Deloitte

Gathering credible data on greenhouse gas emissions by suppliers and other third-party business partners has emerged as one of the most difficult steps in sustainability reporting.

By Jim Tyson • March 28, 2022

Companies must venture into 'jungle' of approaches to ESG ratings

CFOs committed to providing sustainability disclosures confront a confusing variety of inconsistent standards and measurements, according to experts.

By Jim Tyson • March 24, 2022

SEC proposes 'rules of the road' for climate-risk disclosures

Investors with $130 trillion in assets under management have pushed for consistent, comparable disclosures on climate risk, SEC Chair Gary Gensler said Monday.

By Jim Tyson • March 22, 2022

Virginia approves 1 GW solar and energy storage expansion by Dominion Energy

Dominion Energy will need to maintain a similar pace of development for years in order to meet a state-mandated decarbonization target, according to a company spokesman.

By Emma Penrod • March 17, 2022

As Duke and Dominion ramp up their net zero goals, the supply chain comes into view

The companies have expanded their net zero commitments to include Scope 3 emissions. What will that take?

By Jason Plautz • March 16, 2022

Puerto Rico emerges from bankruptcy, but its electric utility is still struggling with $9B in debt

Last week Puerto Rico Gov. Pedro Pierluisi canceled a debt restructuring plan for the island's utility that consumer advocates say would have raised power rates for almost five decades.

By Robert Walton • March 16, 2022

SEC pushes for tougher cybersecurity disclosure rules

SEC Chair Gary Gensler said investors demand more detailed information about how companies seek to curb the risk and costs of cyberattacks.

By Jim Tyson • March 10, 2022

Supplier-consolidated billing: A tool for innovation and accountability in retail energy markets

States can learn from the efforts of Maryland regulators to explore innovation opportunities in the most important touchpoint for customers — their utility bill — the author writes.

By Travis Kavulla • March 7, 2022

SEPA offers decision-making framework to help organizations develop decarbonization plans

Based on published research and the real-world experiences of industry leaders, the report is intended to reduce decision paralysis around decarbonization, SEPA said.

By Emma Penrod • March 3, 2022

Electricity prices and customer debt are rising: 'There will be suffering,' warns consumer advocate

In Massachusetts alone, electric and gas customer accounts 90 days or more past due are now in excess of $500 million, according to the National Consumer Law Center.

By Robert Walton • March 3, 2022

Could Russia's invasion of Ukraine mean fewer near-term cyberattacks on US utilities?

U.S. critical infrastructure providers are on high alert, but — at least for now — the conflict in Europe could signal a lull in utility ransomware attacks, according to one security consultant.

By Robert Walton • March 1, 2022

Making corporate net-zero rhetoric real in 2022

Every part of the C-suite must make decisions that will impact their companies for years to come, the authors assert.

By Chris Deri and Sasha Mackler • Feb. 28, 2022

Can energy providers overcome digital plateaus to meet consumer demands? Three steps to success

 How energy providers can unlock the value of digital and build trusted relationships with customers.

By Greg Guthridge, EY Global Energy & Resources Customer Experience Transformation Leader • Feb. 28, 2022

New Jersey will need nuclear at least until 2050, may extend ZEC cycle: PSEG CEO

The utility is focused on clean energy investments after completing the sale of almost 7 GW of fossil generation. CEO Ralph Izzo expects the process of subsidizing PSEG's nuclear plants will extend beyond the 3-year cycle.

By Robert Walton • Feb. 25, 2022

AEP to sell unregulated wind and solar assets to sharpen focus on transmission, regulated renewables

AEP plans to spend $38 billion over five years to foster a "major transformation," according to CEO Nick Akins.

By Ethan Howland • Feb. 25, 2022

Largest US offshore wind lease auction attracts $4B

The Bureau of Energy Management concluded on Friday its auction for six parcels of land off the shore of New York and New Jersey, estimated to support 5.6 GW to 7 GW of development.

By Iulia Gheorghiu • Updated Feb. 28, 2022

Utilities using new tactics to improve bill collection, customer experience

Two years since the coronavirus pandemic began, and energy utilities are still facing a revenue crunch. The main culprit? Customers continue to struggle paying their past due balances.

Feb. 22, 2022