Power supply groups urge FERC to reform Western offer cap to avoid market uncertainty

Recent Federal Energy Regulatory Commission offer cap decisions threaten power suppliers’ willingness to sell electricity in tight conditions, industry groups said.

By Ethan Howland • June 30, 2022

Salem Harbor to pay $17.1M fine, disgorge profits to settle allegations it improperly received ISO-NE capacity payments

Salem Harbor Power Development asked a Delaware bankruptcy court on Tuesday to approve the settlement as part of the company’s ongoing Chapter 11 restructuring proceeding.

By Robert Walton • Updated June 29, 2022

Explore the Trendline➔

Top 5 Stories from Utility Dive

Power demand is rising amid dramatic shifts in federal energy policy, but technology and markets continue to push the grid toward cleaner, more distributed resources. 

By Utility Dive staff

Gensler sees limit to SEC rule on carbon emissions disclosure

The U.S. Securities and Exchange Commission would only require disclosure on carbon emissions across a supply chain from companies that have publicly committed to revealing such information, Chair Gary Gensler said.

By Jim Tyson • June 15, 2022

NextEra Energy plans to cut all carbon emissions by 2045, partly via FPL adding 140 GW of solar, storage

NextEra said Tuesday it can implement its carbon reduction plan without greenhouse gas offsets or increasing customer costs.

By Ethan Howland • June 14, 2022

Toyota enters energy storage market, launching residential battery product in Japan

The storage system’s vehicle-to-grid capabilities will provide “balancing in places where the grid system allows bidirectional charging,” providing power at “times of high energy use,” the company said.

By Elizabeth McCarthy • June 14, 2022

Newly public small modular reactor developer NuScale reports increased losses, big cash infusion

NuScale officials say they have enough cash on hand to last through 2024 as they work to deploy the company’s first small modular reactor by 2029.

By Elizabeth McCarthy • June 8, 2022

NuScale makes public debut but requires 'a lot of financing' to launch small nuclear reactor in 2029

Will being the first publicly traded small modular reactor company allow it to beat out its competitors?

By Elizabeth McCarthy • June 1, 2022

Climate-related disclosure annually costs companies $677,000 on average

The Securities and Exchange Commission is pushing a climate risk disclosure rule that would require companies to budget for detailed analysis of their greenhouse gas emissions.

By Jim Tyson • May 26, 2022

Duke Energy proposes new solar, wind and nuclear, but environmentalists decry reliance on gas

Cutting emissions 70% by 2030 is possible, according to a proposal by Duke Energy, but may require some adjustments to the portfolios imagined by state law makers.

By Emma Penrod • May 17, 2022

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