Corporate News: Page 2
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Bankruptcies rack up in coal sector as past reserve investments catch up with industry
Cloud Peak Energy, which supplies almost 60 million tons of coal to utilities across the country, filed for bankruptcy Friday after being one of the last remaining coal companies in the country to have held on to its debt.
By Catherine Morehouse • May 14, 2019 -
Tech giants pressure Dominion for more storage, renewables, less gas in Virginia
The utility's latest IRP calls for new natural gas capacity due to the increased load expected from data centers, leading to complaints from Microsoft, Apple and other companies with green sustainability goals.
By Iulia Gheorghiu • May 14, 2019 -
Anbaric to flip Massachusetts coal plant site into offshore wind facility with 400 MW storage
The former Brayton plant site, symbolic of the transition from fossil fuels to renewables, will also have a 1,200 MW high-voltage direct current converter.
By Iulia Gheorghiu • May 14, 2019 -
How a public power utility forges the path to a digital future
The "shift of any utility, and especially NYPA, from a traditional utility to a digital utility, is shifting the mindset of folks who have been here many years," CIO Robert Piascik said.
By Samantha Ann Schwartz • May 10, 2019 -
Duke CEO presses case against N.C. coal ash excavation order, S.C. rate ruling
Lynn Good highlighted a potential appeal of orders from South Carolina regulators due to disappointingly low coal ash recovery costs and return on equity percentages for Duke Energy's Progress and Carolinas subsidiaries.
By Iulia Gheorghiu • May 10, 2019 -
Deep DiveFlorida's solar turnaround sparks concerns over limits on community projects
Many are asking how big this boom will get, but a better question may be how this growth will evolve as its impact sparks responses by utilities, solar developers and policymakers.
By Herman K. Trabish • May 09, 2019 -
California regulators dig into safety qualifications of new PG&E board
Amidst ongoing investigation into PG&E safety culture, regulators called on the embattled utility to provide detail into the safety experience of its new board members, including a new CEO and 10 new directors.
By Robert Walton • May 09, 2019 -
Moody's developing new system to score companies on carbon transition risk
The company's proposed framework would evaluate the need to comply with climate regulations and the cost required to decarbonize energy sources, among other factors, but would not produce new credit ratings.
By Robert Walton • May 09, 2019 -
South Carolina regulators slash Duke Energy Progress rate hikes, cut $333M coal ash recovery
The Public Service Commission adopted a similar motion reducing another Duke subsidiary's proposed rate hike by 54%, signaling the impact of stakeholders that rallied to oppose the increases.
By Iulia Gheorghiu • May 09, 2019 -
Three Mile Island to close after bailout bill stalls in Pennsylvania legislature
The plant gained international fame when a partial nuclear meltdown permanently shut down Unit 2 in 1979. Economic competition is now driving Unit 1 to close, despite 15 years left on its operating license.
By HJ Mai • May 09, 2019 -
EPA questions federal permit application of 1.2 GW hydro transmission line
Central Maine's environmental permit application for a proposed 145-mile project from Quebec to Massachusetts prevents stakeholders from having a full understanding of the project due to allegedly incomplete information, EPA wrote.
By Iulia Gheorghiu • May 08, 2019 -
ConEd eases customer DER adoption while gaining data to improve grid planning
Customers installing solar panels or an electric vehicle charger can get a free device that avoids the cost of upgrading the home's circuit panel and provides the utility with valuable energy usage data.
By Robert Walton • May 08, 2019 -
Tendril to acquire EnergySavvy, as utility customer engagement focus grows
The deal "creates a platform that unites all residential utility customer data, analytics and insights in one place," said EnergySavvy CEO Aaron Goldfeder.
By Robert Walton • May 07, 2019 -
OpinionThe end of investment-grade utilities in California?
As California wildfires become increasingly frequent and severe, other electric utilities could follow PG&E into bankruptcy without regulatory reform, according to S&P Global Ratings' director.
By Gabe Grosberg • May 06, 2019 -
PG&E faces SEC investigation into public disclosures of wildfire losses
In its quarterly filing, the company revealed the investigation and recorded more than $400 million in costs related to wildfire cleanup and recovery.
By Robert Walton • May 03, 2019 -
Renewable energy to power all Novo drug production by next year
The Danish drugmaker set out in 2015 with an ambitious goal to use only electricity generated from renewable sources in its production plants.
By Ned Pagliarulo • May 02, 2019 -
Green Mountain Power pilots Tesla batteries as meters
The technology uses Powerwall battery packs to measure energy use for 18 months, with plans to test other systems as part of their vision to have batteries in every home.
By Iulia Gheorghiu • May 02, 2019 -
DOJ opens investigation into Kemper plant as Southern warns of possible 'material impact'
In addition to the DOJ investigation, Southern Company revealed there could be more costs related to portions of the plant's abandoned infrastructure.
By Robert Walton • May 02, 2019 -
Southern California Edison to add 195 MW of energy storage, DR by 2021
Southern California Edison has selected seven energy storage and demand response projects to meet customer reliability needs by 2021 and further decrease the state's reliance on gas.
By HJ Mai • April 30, 2019 -
Avista signs on to Western Energy Imbalance Market, projecting more renewables integration
The real-time wholesale energy market automatically provides the lowest-cost energy available to meet utility customer needs, and savings are growing along with the roster of market participants.
By Robert Walton • April 30, 2019 -
Deep DiveUtility buy of DER providers: A perfect match or a problematic combination?
A new white paper suggests the only way utility holding companies can keep DER providers from disrupting the power sector is to buy them.
By Herman K. Trabish • April 29, 2019 -
PG&E revises wildfire mitigation plan to remove hard inspection and improvement deadlines
The utility told regulators it wants to "revise certain targets" because it would likely miss some deadlines due to a range of factors, from the federal government shutdown to weather and access challenges.
By Robert Walton • April 29, 2019 -
Indiana regulators reject Vectren gas plant over stranded asset concerns
The unexpected order in a fossil-friendly state is another ding against the utility megaprojects that used to define the sector.
By Gavin Bade • April 25, 2019 -
Con Edison announces deal to end Westchester moratorium on gas hookups
The agreement for an extra 110,000 dekatherms of natural gas capacity would let the utility create new connections by November 2023 in a county near New York City, where demand for heating has grown with new construction.
By Iulia Gheorghiu • April 25, 2019 -
Sempra Energy completes renewables exit with closure of 724 MW AEP wind deal
The utility announced its intent to get out of renewables and non-utility gas last year, and has generated about $2.5 billion in the process.
By Robert Walton • April 24, 2019
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