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

Dominion to expand net zero carbon reduction goals to Scope 2 and Scope 3 emissions

The multistate utility plans to invest $37 billion in decarbonization over the next five years, executives said on the fourth quarter 2021 earnings call.

By Jason Plautz • Feb. 14, 2022

Louisville eyes forming public electric utility to meet climate goals

Its goal of achieving 100% clean energy communitywide by 2040 does not match the decarbonization plans of its current energy provider, leading the city to look for alternatives.

By Jason Plautz • Feb. 14, 2022

On track to eliminate coal by 2035, Duke expands net zero carbon goal to include indirect emissions

Duke’s decision to broaden the scope of its climate goals signals a shift in the industry, activist investors say, but supply chain constraints mean some immediate solar projects have been delayed.

By Emma Penrod • Feb. 14, 2022

Utility capital spending remains strong, but inflation, federal policy uncertainty complicate outlook: EEI

Investor-owned electric utilities will make capital investments of about $140 billion annually from 2021-2023, officials from the Edison Electric Institute told Wall Street analysts.

By Robert Walton • Feb. 10, 2022

AEP withdraws request for FERC power plant deal approval under pressure from Kentucky PSC

The dispute over the Mitchell power plant could affect Kentucky Power's pending sale to Algonquin Power.

By Ethan Howland • Updated Feb. 7, 2022

More electric buses join transit fleets as costs and technology improve

As zero-emission buses are added to more transit fleets, officials and bus manufacturers are optimistic about their potential, but they caution that planning, training and learning from other cities are needed.

By Dan Zukowski • Feb. 2, 2022

Musk vows to accelerate Tesla solar and energy storage business in 2022

After the company's solar and storage business was "shortchanged" in 2021 amid production constraints, Tesla's CEO said the company is aiming for a "pretty vast" clean energy business. 

By Jason Plautz • Jan. 27, 2022

NextEra CEO Jim Robo announces his retirement following company's 'strong' 2021 performance

John Ketchum, current president and CEO of NextEra Energy Resources, will take the helm after Robo steps down on March 1.

By Emma Penrod • Jan. 25, 2022

Hydrostor secures $250 million from Goldman Sachs amid rising investor interest in long-duration storage

The investment follows a $200 million fundraising round by iron-air battery firm Form Energy and a $150 million equity commitment to long-duration storage firm FlexGen from Apollo Global Management, among other deals.

By Jason Plautz • Jan. 12, 2022