Corporate News: Page 28
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AEP has most to gain among US utilities from transmission reforms, incentives: Morgan Stanley
A handful of utilities stand to benefit from a suite of policies and investments the federal government is considering, according to a Sept. 21 research note.
By Robert Walton • Updated Sept. 24, 2021 -
Courtesy of Entergy
New Orleans City Council votes to investigate Entergy's Ida-related failures
City leaders have also asked state regulators and the Federal Energy Regulatory Commission to investigate the company, with a particular focus on transmission failures.
By Robert Walton • Updated Sept. 24, 2021 -
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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 -
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Archaea Energy merger completed, setting up major landfill renewable natural gas producer
Archaea and Aria Energy have joined forces in a deal led by a special purpose acquisition company, signaling that the waste industry sees increasingly lucrative potential in high-Btu landfill gas projects.
By Cole Rosengren • Updated Sept. 16, 2021 -
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BlackRock losing 'patience' on pace of corporate ESG disclosure
The hedge funds that lead most proxy battles seek to ride a rising tide of investor concern about sustainability.
By Jim Tyson • Sept. 20, 2021 -
Courtesy of Entergy
New Orleans council chief calls for investigation into Entergy's Hurricane Ida response
Councilmember Helena Moreno plans to introduce a resolution calling for an investigation into Entergy’s storm response and related issues at the City Council’s Sept. 22 meeting.
By Scott Van Voorhis • Sept. 17, 2021 -
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Landmark Illinois climate bill resolves standoff over Exelon nuclear plants
The legislation also provides a road map for sunsetting the state’s coal-fired plants while setting a target of 40% renewable power for the state’s power sector by 2030.
By Scott Van Voorhis • Sept. 15, 2021 -
Spencer Platt via Getty Images
Utility shutoff moratoriums protected many consumers earlier in the pandemic. What happens now?
Cities and states are looking at how to help residents likely to lose power once utility shutoff moratoriums end.
By Jason Plautz • Sept. 9, 2021 -
Permission granted by Avangrid
Avangrid deal for PNM enters final stages of New Mexico regulatory review
Avangrid has made additional concessions in a bid to win regulatory approval in New Mexico for its acquisition of PNM Resources.
By Scott Van Voorhis • Sept. 7, 2021 -
Time running out for Exelon's Byron and Dresden nuclear plants as Illinois Senate passes major energy bill
The state Senate's clean energy package, which still needs to pass the House of Representatives, would provide nearly $700 million over five years for the nuclear power sector.
By Scott Van Voorhis • Sept. 2, 2021 -
Davis Turner via Getty Images
Duke explores shutting coal-fired plants by 2030 in South Carolina plans
The revised plans come after South Carolina regulators voted in late June to reject the utility's previous proposals and send the company back to the drawing board.
By Scott Van Voorhis • Sept. 1, 2021 -
Brian Tucker/Utility Dive
Tesla plan to sell electricity in Texas would cut out the 'middleman'
The company's move to leverage its solar and storage buildout could make it a unique player in Texas' electricity market, one analyst said.
By Jason Plautz • Sept. 1, 2021 -
Courtesy of Entergy
Transmission tower destroyed by Ida likely to complicate power restoration in New Orleans, experts say
As Entergy scrambles to restore power in the Gulf region, the collapse of a major transmission tower could complicate matters, experts say.
By Scott Van Voorhis • Aug. 31, 2021 -
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Historic drought slashes hydropower generation in California, other Western states
The decline in hydropower, and the scramble to replace it with other sources, is putting financial pressure on local utilities in Western states.
By Scott Van Voorhis • Aug. 24, 2021 -
Adeline Kon/Utility Dive
As momentum for hydrogen builds, electric utilities chart multiple paths forward
Utilities interested in the hydrogen market are considering the fuel for carbon-free generation and for new business models on the horizon.
By Emma Penrod • Aug. 18, 2021 -
Permission granted by NuScale Power
Nuscale to consider Xcel to operate its advanced nuclear reactors
The discussions could indicate Xcel's efforts to "keep its nuclear assets in the game," one expert said, and ease the path to full operations for NuScale's small modular reactor clients.
By Iulia Gheorghiu • Aug. 17, 2021 -
Illinois regulators launch probe of ComEd in wake of bribery scandal
The Illinois Commerce Commission is investigating whether ComEd stuck ratepayers with the bill for patronage hires and other money spent in a bribery case involving one of the state's most powerful politicians.
By Scott Van Voorhis • Aug. 16, 2021 -
PSEG unloads fossil fuel plants for $1.9B in push toward decarbonization
PSEG is taking another big step towards cleaning up its grid, with the New Jersey utility announcing plans on Thursday to sell a 6,750 MW portfolio of fossil-fuel plants for $1.92 billion.
By Scott Van Voorhis • Aug. 13, 2021 -
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Dominion planning 'largest clean energy submission to date' in Virginia filing
In its second quarter earnings call, CEO Robert Blue said the utility is aggressively pushing forward clean energy solutions, spending $17 billion on zero-carbon generation and storage over the next five years.
By Jason Plautz • Aug. 9, 2021 -
Courtesy of DHL Express
DHL Express orders 12 electric aircraft in step toward zero-emission logistics
The company will use the electric aircraft for regional feeder routes starting in the U.S., primarily for the Southeast and West Coast.
By Max Garland • Aug. 9, 2021 -
Davis Turner via Getty Images
Duke Energy's renewable portfolio hits 10,000 MW as utility reports Q2 earnings
The utility is on its way to more than double its renewable power portfolio by the end of the decade, executives said Thursday.
By Scott Van Voorhis • Aug. 6, 2021 -
State, federal efforts too late to save Exelon's Illinois nuclear plants, CEO Crane says
Exelon's leadership has months to decommission the Byron and Dresden plants in Illinois, which CEO Chris Crane described as "the right economic decision" absent legislation.
By Iulia Gheorghiu • Aug. 6, 2021 -
Adeline Kon/Utility Dive
Entergy touts hydrogen as tool to meet industrial customers' green goals
On the utility's second quarter earnings call, CEO Leo Denault said it is working to offer industrial clients "some of the cleanest electricity in the country."
By Jason Plautz • Aug. 6, 2021 -
David Paul Morris via Getty Images
AES, Google moonshot factory, to partner on grid virtualization platform
The companies will work together on technology that could eventually give a real-time virtualization of the grid as it integrates renewables and distributed resources.
By Jason Plautz • Aug. 4, 2021 -
Andreas Rentz via Getty Images
First Solar CEO highlights 3.3 GWdc manufacturing expansions in Ohio, India ahead of next gen module
The new Ohio plant will allow the company to "develop a new product at the intersection of efficiency, energy yield ... cost competitiveness and advantaged environmental attributes," CEO Mark Widmar said.
By Jason Plautz • Aug. 3, 2021 -
Xiaolu Chu/Getty Images via Getty Images
Tesla works with suppliers to source alternative chips for EVs amid semiconductor shortage
The approach helped the automaker produce and deliver 200,000 electric vehicles in Q2, but it warned the workaround could be difficult to sustain.
By Max Garland • Aug. 2, 2021
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