Exelon earnings fall after generation spin-off, but clean energy plans promise increased growth

The utility is planning $29 billion in capital investments and expects annual growth of 6% to 8% in operating earnings through 2025, company officials said Monday.

By Elizabeth McCarthy • May 11, 2022

Duke Energy on track to meet 2022 solar project schedule despite shortages, CEO says

However, the fate of projects slated for 2023 and beyond remains uncertain pending the Department of Commerce’s investigation into solar tariff circumvention, CEO Lynn Good told investors on Monday.

By Emma Penrod • May 10, 2022

NiSource cites Commerce Department solar investigation in plans to delay coal plant retirements

The company's plans to retire its coal units by 2023 could be postponed, according to its quarterly earnings filing on Wednesday, as it foresees up to 18 months of delays in new solar deployments.

By Iulia Gheorghiu • May 5, 2022

Global ESG standard-setting gains speed

Regulators and other standard-setters worldwide are now building a consensus behind uniform rules for gauging sustainability.

By Jim Tyson • May 5, 2022

Power shutoff study highlights need for transparency into investor-owned utility debts, groups say

An updated study of shutoffs during the pandemic highlights increases in shareholder dividends and executive compensation, but it oversimplifies the issue of accumulated debt, according to the Edison Electric Institute.

By Iulia Gheorghiu • May 4, 2022

PSE&G continues to grow rate base, expects decision on $848M 'last mile' program this fall

Regulated investments "are producing predictable utility growth," company officials said Tuesday. The utility's parent company is planning up to $17 billion in capital investments through 2025.

By Robert Walton • May 4, 2022

New Industry Lab powers utility innovation

Join us to turn utility ideas into innovations at the Oracle Industry Lab.

May 2, 2022

AEP's renewable buildout has flexibility to handle uncertainty in the solar market: CEO Akins

AEP is open to selling underperforming utilities that aren’t key to the energy transition, Akins told analysts Thursday.

By Ethan Howland • April 29, 2022

Shareholder proposals to limit fossil-fuel financing fail to gain traction at 3 major banks

A move to limit Citi from lending and underwriting new oil and gas projects garnered 12.8% support. Similar proposals at Wells Fargo and Bank of America each received 11% backing.

By Anna Hrushka • April 28, 2022

FirstEnergy progresses on corporate culture revamp, regaining investment-grade rating, officials say

The company's transmission customers may get refunds in response to changes in how FirstEnergy accounts for vegetative management expenses.

By Ethan Howland • April 25, 2022

Earth Day roundup: The latest private-sector and Biden administration decarbonization efforts

As various companies and federal agencies release a flurry of announcements in tandem with Earth Day celebrations, Utility Dive takes a look at the biggest news in the sector.

By Utility Dive Editors • April 22, 2022

NextEra CEO blasts 'outrageous' solar panel anti-dumping investigation, says some projects may be delayed

At least 2 GW of solar projects may be impacted by supply chain disruptions, company leaders said Thursday, but growth in other areas could pick up the slack.

By Emma Penrod • April 22, 2022

Arizona legislature advances bill restricting retail competition in effort to promote reliability

Clean energy advocates opposed the bill for restricting customer choice, lacking reliability initiatives and further challenging the legal precedent for distributed solar within a public utility's territory.

By Iulia Gheorghiu • April 21, 2022

Amazon set to reach 100% renewable goal 5 years ahead of target with 3.5 GW of new energy projects

A series of 37 new renewable energy projects — 26 to be located in the U.S. — announced by Amazon on Wednesday will expand the capacity of the company's clean energy portfolio by nearly a third.

By Emma Penrod • April 20, 2022

Republican lawmakers slam SEC climate-risk disclosure proposal

SEC Chair Gary Gensler says that a new regime of disclosure standards would answer the demand from investors for detailed information about climate risks faced by publicly traded companies.

By Jim Tyson • April 18, 2022

Symbio awarded $2M to develop hydrogen fuel cell truck

As fleets eye a carbon-free future, a clash between battery electric vehicles and fuel cell EVs is quietly being waged over the future of the industry.

By Colin Campbell • April 18, 2022

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

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