Corporate News: Page 27
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Duke Energy eyes offshore wind, advanced nuclear, to meet NC decarbonization goals
Duke Energy CEO Lynn Good told analysts Thursday the company is exploring an array of options to meet North Carolina's new decarbonization goals.
By Scott Van Voorhis • Nov. 8, 2021 -
Courtesy of Bechtel
Georgia Power's Vogtle doubles original cost amid further delay
Revelations of a new delay and higher costs followed a unanimous vote by the Georgia Public Service Commission this week to allow Georgia Power to bill customers for $2.1 billion of the costs for Unit 3.
By Jason Plautz • Nov. 5, 2021 -
Explore the Trendline➔
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TrendlineTop 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 -
Lukas Schulze via Getty Images
Global rule maker created for ESG disclosure standards
CFOs aiming to adopt sustainability disclosure standards must currently choose from more than a dozen inconsistent, competing frameworks.
By Jim Tyson • Nov. 4, 2021 -
Courtesy of Entergy
Entergy CEO outlines path to secure $2.5B to repair damages from Hurricane Ida
The utility is working to offset repair costs with federal funds. The company took a $65 million revenue hit from the August hurricane, double the impact of last year's largest storm.
By Scott Van Voorhis • Nov. 4, 2021 -
Avangrid-PNM merger in doubt after New Mexico hearing examiner warns of reliability, oversight issues
"The potential harms of the proposed transaction outweigh the promised benefits," Hearing Examiner Ashley Schannauer wrote. The New Mexico Public Regulation Commission is expected to make a decision by the end of the year.
By Robert Walton • Nov. 2, 2021 -
'A big win for customers': Stakeholders praise South Carolina Supreme Court ruling on Duke coal ash costs
Duke had sought to raise rates in South Carolina to pay for coal ash remediation required by North Carolina.
By Jason Plautz • Nov. 1, 2021 -
Xcel first utility to adopt net zero carbon target across gas and electric operations, CEO says
Xcel CEO Bob Frenzel sees hydrogen, electrification and “low methane” supplies as key tools in reaching near- and long-term greenhouse gas targets for the company's gas utility operations.
By Ethan Howland • Nov. 1, 2021 -
APS vows legal action after Arizona regulators deny cost recovery for $215.5M coal plant upgrades
Regulators approved the utility’s first rate decrease since 1996, while voting against full cost recovery for APS' investment in upgrades to a coal plant being closed earlier than initially planned.
By Scott Van Voorhis • Updated Nov. 3, 2021 -
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AEP to sell Kentucky operations to Liberty for $2.85B and use proceeds for renewables, transmission
AEP plans to add 16,600 MW of renewable energy generation and cut its carbon emissions 80% below 2000 levels by 2030.
By Larry Pearl • Oct. 27, 2021 -
Xiaolu Chu via Getty Images
Supply chain woes continue to crimp Tesla's vehicle, energy business
Despite record profits, Tesla executives say supply constraints have limited the company's ability to meet growing demand.
By Jason Plautz • Oct. 25, 2021 -
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NextEra doubles down on green hydrogen, other renewables
The company said Wednesday it has added more than 5,700 megawatts over the first nine months of 2021 to its backlog of renewable energy and storage projects.
By Scott Van Voorhis • Oct. 21, 2021 -
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Boards facing regulatory scrutiny intensify ESG focus as SEC preps climate risk disclosure rules
Corporate directors are waking up to the need to weave sustainability best practices into business strategy, surveys show.
By Jim Tyson • Oct. 19, 2021 -
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Empire Wind pushes opening of New York's first offshore wind farm to 2026
The developer told federal regulators it needs until December 2026 to build New York's first major offshore wind farm.
By Scott Van Voorhis • Updated Oct. 16, 2021 -
Chris Hondros via Getty Images
JPMorgan Chase joins UN's Net-Zero Banking Alliance
The pledge comes weeks ahead of a United Nations climate-focused conference in Glasgow, but the initiative has drawn blowback from advocates seeking stricter emissions standards.
By Robin Bradley • Oct. 12, 2021 -
stock.adobe.com/dragonstock
Sponsored by HSIHow microlearning helps utility employees adapt to the fast-changing power industry
Utilities use microlearning to quickly and effectively train workers on changing policies and equipment.
Oct. 11, 2021 -
Adeline Kon/Utility Dive
Battery recycling firm Li-Cycle nets $100 million investment from Koch Industries subsidiary
The investment will support Toronto-based Li-Cycle's expansion in North America, Europe and Asia.
By Jason Plautz • Oct. 7, 2021 -
Photo illustration by Brian Tucker/Utility Dive; photograph by tommaso79 via Getty Images
OpinionUS utilities have billions in unpaid customer balances. What should they do?
The day of reckoning will inevitably come when regulators will have to determine who pays for unpaid balances: the delinquent customer, other customers, utility shareholders, taxpayers, NGOs, or having a shared responsibility.
By Kenneth W. Costello • Oct. 6, 2021 -
Scott Olson/Getty Images via Getty Images
North Carolina passes bill expected to give Duke timely cost recovery, implement clean energy plan
Gov. Roy Cooper, D, is expected to sign the bill, though opponents say it could drive up electric rates by 50%.
By Ethan Howland • Updated Oct. 8, 2021 -
16 utilities took $1.2B in COVID relief while continuing power shutoffs: report
A new report is critical of the U.S. utilities that received millions from the government's pandemic recovery stimulus while they were shutting off customer power almost 1 million times.
By Robert Walton • Oct. 1, 2021 -
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SoCal residents blast SoCalGas plan to settle Aliso Canyon lawsuits for up to $1.8B, continue push for shutdown
The agreements will not cover a separate investigation by the California Public Utilities Commission to determine whether the utility should face fines related to the leak at the natural gas storage facility.
By Kavya Balaraman • Sept. 29, 2021 -
Courtesy of Fluence
AES-Siemens joint venture Fluence joins raft of storage firms moving to go public
As the storage market booms, firms like ESS, Stem and Energy Vault have all gone public.
By Jason Plautz • Sept. 29, 2021 -
PSEG plans $900M in upgrades to 'last-mile' reliability, EV infrastructure
The work-from-home shift in society and an expected transition to electric transportation has added almost a billion dollars to PSEG's capital spending plan for 2021-2025.
By Scott Van Voorhis • Sept. 28, 2021 -
PPL makes 'small' investment to gain insight into 'innovative' $2.5B SOO Green transmission project
The 350-mile proposed line would connect the MISO and PJM grids, bringing wind power from Iowa to Illinois. PPL has bought in for an undisclosed amount, looking to study new ways of developing transmission.
By Robert Walton • Sept. 27, 2021 -
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SEC asks companies for details on impact of climate change
The SEC has asked CFOs for details about the risks and opportunities from climate change while preparing a proposed rule on disclosure.
By Jim Tyson • Sept. 24, 2021 -
Scott Olson via Getty Images
OpinionWith huge grid infrastructure investment looming, NextEra, PG&E offer lessons on the key role of ESG
With a House vote expected on nearly $70 billion of grid infrastructure investments, utilities and energy providers must respond to a call to action for investing in social impact, sustainability, and corporate responsibility, the authors assert.
By Ryan P. Martin and Jan Maceczek • Sept. 24, 2021
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