Corporate News: Page 27
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John Moore via Getty Images
Elliott demands Duke improve performance in Florida, Indiana; says C-suite driven by 'self-interest'
The investment company, which says it's one of the utility's largest investors, repeated its previous assertion that Duke is underperforming due to poor management.
By Catherine Morehouse • July 20, 2021 -
Justin Sullivan via Getty Images
PG&E equipment may be linked with another Northern California wildfire, utility reports
California officials collected portions of a PG&E 12 kV power line, including conductors, jumpers and insulators, as part of their investigation into the fire, the utility reported to state regulators.
By Kavya Balaraman • July 20, 2021 -
Explore the Trendline➔
Kevork Djansezian via Getty Images
TrendlineSustainability
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 -
Stefani Reynolds / Stringer via Getty Images
Too few companies advocate for climate-friendly policies despite lofty goals: report
Only around 40% of the country's top 100 firms lobby for green legislation, according to sustainability nonprofit Ceres. We have "run out of time to waste," a spokesperson said.
By Chris Teale • July 14, 2021 -
Courtesy of Volvo Trucks
Southern California Edison plans for 38,000 EV charging stations, in largest IOU effort of its kind
Southern California Edison wants tens of thousands of new EV charging stations across its service territory, as more and more electric vehicles hit the roads.
By Scott Van Voorhis • July 13, 2021 -
Permission granted by Enel Green Power
Corporate solar interest surges as companies exit pandemic and turn focus to ESG issues
Total corporate funding for the solar sector reached $13.5 billion in the first half of the year, a new report from Mercom Capital Group finds.
By Robert Walton • July 9, 2021 -
Courtesy of Lion Electric
Amazon, UPS say hydrogen is further down the road than electric
Near-term sustainability talk often centers on battery-electric, but the technology and market for heavy-duty BEVs is lagging, executives said.
By S.L. Fuller • July 8, 2021 -
David McNew via Getty Images
Deep DiveFrom green to gold: 5 ways CFOs can gain from climate risk disclosure
CFOs confronting growing pressure to disclose climate change risks can find in their analysis opportunities to improve capital allocation and risk management.
By Jim Tyson • July 6, 2021 -
AEP seeks up to $317M for 3 West Virginia coal plant upgrades
American Electric Power is facing opposition from environmentalists on upgrades to a trio of coal-fired plants as the utility seeks to extend their lives until 2040.
By Scott Van Voorhis • June 18, 2021 -
Petmal via Getty Images
Stem becomes investment platform CleanCapital's preferred storage provider with new partnership
The partnership will inject more capital into the storage sector while giving investors more insight into the 'esoteric' market.
By Jason Plautz • June 17, 2021 -
Brian Tucker/Utility Dive
Colonial CEO defends oversight response, urges transparency on ransomware
Private industry needs more immediate and detailed threat intelligence to prevent these attacks from happening in the future, CEO Joseph Blount told the House Committee on Homeland Security.
By David Jones • June 10, 2021 -
Advanced nuclear tech in 'early innings' but essential to widespread decarbonization, utility execs say
The electric grid cannot be decarbonized "with renewables and batteries alone," Xcel Energy CEO Ben Fowke said at the Nuclear Energy Assembly.
By Iulia Gheorghiu • June 8, 2021 -
Fate of Illinois nuclear plants in balance after 3 fail to clear PJM auction and subsidy plan stalls
Three Illinois nuclear plants failed to land power contracts at the PJM capacity auction, generating additional uncertainty about their future.
By Scott Van Voorhis • June 7, 2021 -
PNM Avangrid Merger
Avangrid faces tough questions from New Mexico regulators in final hurdle to $8.3B PNM merger
The company is facing scrutiny over $60 million in penalties and cost disallowances levied against its utility subsidiaries across several states for service issues.
By Scott Van Voorhis • June 7, 2021 -
ESG issues weigh on utility credit ratings, particularly PG&E, Edison and FirstEnergy: Moody's
It's early in the energy transition, said Moody's analyst Jeffrey Cassella, but so far the firm has not identified any utility companies turning ESG concerns into net-positives.
By Robert Walton • June 3, 2021 -
John Moore via Getty Images
Deep DiveXcel's record-low-price procurement highlights benefits of all-source competitive solicitations
The utility's Colorado division showed how competitive bidding benefits customers if regulators protect the quality of the process.
By Herman K. Trabish • June 1, 2021 -
Arizona regulators revive energy rules package, propose 100% clean energy by 2070
Regulators kept intact proposed standards for energy efficiency, storage, and all-source procurement, while setting a longer schedule to transition the electric sector.
By Iulia Gheorghiu • May 28, 2021 -
Retrieved from Flickr/Amtec Photos.
Duke Energy, Target decode their innovation formulas
Feedback loops between IT and other teams can trigger new ideas, helping businesses adapt to market pressures — and even identify revenue streams.
By Roberto Torres • May 25, 2021 -
National Grid, RWE join scramble to develop wind projects off New York, New Jersey coasts
National Grid Ventures, the non-regulated part of the utility, and the German energy giant are the latest bidders to build offshore wind projects in the new area opened for development by the Biden administration.
By Scott Van Voorhis • May 21, 2021 -
Google, Microsoft, other companies pursue new certification to back 24/7 clean energy claims
Corporate consumers seek real-time information about their hourly energy use, and as decarbonization goals become more ambitious, EnergyTag is creating hourly certifications for clean energy.
By Iulia Gheorghiu • May 19, 2021 -
Brian Tucker/Utility Dive
Major Duke investor calls for utility to break into 3 companies, unlock up to $15B in shareholder value
Duke said in a statement it is still reviewing the proposal but added the plan "runs counter to the strategic direction" of the broader power sector's efforts to make large scale investments.
By Catherine Morehouse • May 18, 2021 -
With solar sale, PSEG doubles down on offshore wind and nuclear
The sale of the fossil fuel plants, along with its solar facilities, is part of PSEG's larger plan to exit the business of operating merchant plants.
By Scott Van Voorhis • May 14, 2021 -
Permission granted by ESS, Inc.
Flow battery manufacturer ESS goes public via SPAC acquisition
The move will fund 16 GWh of manufacturing across three continents.
By Jason Plautz • May 13, 2021 -
Scott Olson via Getty Images
Targeted industrial control systems add cautionary flag to cyber defense strategies
A Defend Forward strategy used in the IT space may not translate well in the OT environment, according to panelists at the Hack the Capitol conference.
By David Jones • May 10, 2021 -
Xcel Energy issues broad performance metrics report, setting markers for future progress
The Minnesota-based utility graded itself on everything from customer relations to load shifting, after years of discussions with state regulators and stakeholder groups.
By Scott Van Voorhis • May 10, 2021 -
Ron Jenkins via Getty Images
NRG discloses nearly $1B hit from Texas grid collapse
The power producer is working to recover some of is losses from the devastating winter storm that wreaked havoc with the Lone Star State's electric grid and gas pipelines.
By Scott Van Voorhis • May 7, 2021
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