Corporate News: Page 3
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FirstEnergy’s $3.5B deal with Brookfield highlights value of FERC-regulated transmission: analysts
Other utility companies with large FERC-regulated transmission ratebases include Ameren, AEP, Edison International, Exelon, Eversource, Pinnacle West Capital, PPL and Sempra, according to Morgan Stanley.
By Ethan Howland • Feb. 7, 2023 -
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New York ISO warns NextEra, others against lobbying over transmission
NYISO’s CEO wrote to the chief executives of three energy companies and the New York Power Authority to “clarify” the process for selecting transmission projects.
By Stephen Singer • Feb. 6, 2023 -
Explore the Trendline➔
Kevork Djansezian via Getty Images
TrendlineSustainability
Power 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 -
ChargePoint, Stem strike EV charging and battery storage deal for highway corridor fast-charging networks
Combining charging, battery storage and AI-driven energy management will save money for EV site operators, the companies say.
By Stephen Singer • Feb. 1, 2023 -
Moody’s lowers Tri-State’s outlook to ‘negative’ as three members seek to exit, cost recovery stalls
The revised outlook issued Tuesday also reflects a rate decrease for Tri-State’s members, which prevents the wholesale power supplier from fully recovering its expenses.
By Ethan Howland • Feb. 1, 2023 -
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First Solar brings US manufacturing investment to $4B after selling out of panels through 2025
The company wants to bring its annual domestic manufacturing capacity to 10.6 GW by 2025.
By Diana DiGangi • Feb. 1, 2023 -
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NextEra charts path for renewables expansion, but campaign finance allegations loom in the background
Florida Power & Light CEO Eric Silagy announced plans to retire, triggering questions during NextEra’s Q4 earnings call about allegations that FPL violated state and federal campaign finance laws.
By Emma Penrod • Jan. 30, 2023 -
Retrieved from GE Hitachi.
GE Hitachi and 3 partners announce first commercial contract for grid-scale SMR in North America
Site preparation and related work have begun, and the small modular reactor is expected to be completed in the fourth quarter of 2028.
By Stephen Singer • Jan. 30, 2023 -
Courtesy of X-energy
As SMR developer X-energy moves to go public, merger partner Ares cautions investors about risks
Investors were warned of small modular reactors’ limited operating experience and other challenges that could lead to higher-than-expected construction costs, maintenance requirements and operating expenses.
By Stephen Singer • Jan. 27, 2023 -
YinYang via Getty Images
2023 US Power Sector Outlook
2023 promises to be another busy year for the U.S. energy transition as stakeholders move to implement new clean energy measures while tackling growing security, reliability, equity and affordability challenges.
By The Utility Dive Team • Jan. 25, 2023 -
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Xcel, other utilities launch dedicated planning teams to streamline energy transition, boost innovation
Xcel Energy is starting the new year with a new company division and a fresh outlook on planning for a carbon-neutral future.
By Emma Penrod • Jan. 25, 2023 -
Andreas Rentz / Staff via Getty Images
Deep DiveSolar expected to see demand boom from Inflation Reduction Act in 2023 as supply chain remains uncertain
One expert anticipates a “hangover effect” from supply chain struggles will linger throughout the year.
By Diana DiGangi • Jan. 19, 2023 -
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Hanwha, LG Energy Solution partner on battery production in US
The companies will collaborate to grow their battery businesses amid heightened demand for clean energy solutions.
By Megan Ruggles • Jan. 19, 2023 -
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OSHA fines Eversource $333,560 over alleged workplace violations in accident that killed a Boston worker
The U.S. Occupational Safety and Health Administration accused the utility of not fully de-energizing electrical equipment or following the manufacturer’s maintenance recommendations.
By Stephen Singer • Jan. 17, 2023 -
Courtesy of Bechtel
Georgia Power delays Vogtle 3 start after discovering vibrations in plant’s cooling system
Georgia Power now expects Unit 3 will be placed in service in April.
By Stephen Singer • Jan. 13, 2023 -
Qcells to invest $2.5B to build complete US solar supply chain, expand annual capacity to 8.4 GW
Georgia Sen. Jon Ossoff said the expansion is the largest clean energy manufacturing project in American history and will create 2,500 jobs in the state.
By Diana DiGangi • Jan. 11, 2023 -
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FERC approves Duke Energy Florida, Tampa Electric membership in Southeast Energy Exchange Market
Opponents of SEEM continue to argue that the market violates federal regulations, but a FERC majority said that question was not at issue in this membership approval.
By Diana DiGangi • Jan. 10, 2023 -
Bilanol via Getty Images
AEP Ohio seeks approval for electric security plan with $2.2B in reliability spending
The utility expects its plan will increase residential rates by about 2.3% annually over six years.
By Ethan Howland • Jan. 9, 2023 -
Aryut via Getty Images
Avangrid-PNM merger could get 2nd review by New Mexico’s restructured Public Regulation Commission
New Mexico Gov. Michelle Lujan Grisham, who supports the utility merger, in December announced the appointment of three new members to the Public Regulation Commission.
By Robert Walton • Jan. 9, 2023 -
Public Service Commission of the District of Columbia
Sponsored by Public Service Commission of the District of ColumbiaThe path to climate resilience for the District of Columbia
Along with other city leaders, DCPSC Chairman Emile C. Thompson sets standards and ensures that D.C.'s clean energy transition is equitable, affordable and resilient.
Jan. 9, 2023 -
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PG&E, Energy Vault plan largest US utility-scale battery, green hydrogen long-duration storage project
A city in California wine country that’s vulnerable to high winds and wildfires could switch to power held in a long-duration energy storage system relying on batteries and hydrogen.
By Stephen Singer • Jan. 6, 2023 -
Shaiith via Getty Images
Power plant developer Competitive Power Ventures launches retail supply business
CPV Retail Energy is starting operations in PJM Interconnection states and plans to expand to New England and New York.
By Ethan Howland • Jan. 6, 2023 -
Yujin Kim/Utility Dive/Utility Dive
Taking Charge: Exelon focuses on affordability, partnerships amid the energy transition — new CEO Butler
“What we will always consider as we go through this process is how our customers … can afford it,” Butler said. “We're going to be doing it in partnership with our regulators and our legislators.”
By Ethan Howland • Jan. 5, 2023 -
Dave Logan via Getty Images
FirstEnergy agrees to pay $3.9M for failing to tell FERC about energy bill bribery payments
The utility company didn’t tell the Federal Energy Regulatory Commission about $81 million it gave to Ohio officials to pass a bill that offered $1 billion to nuclear plants it owned, according to the agency.
By Ethan Howland • Jan. 3, 2023 -
"Greater Gabbard offshore wind farm" by chpv.co.uk/SSE/RWE is licensed under CC BY 2.0
Avangrid asks regulators to dismiss 1.2-GW Commonwealth offshore wind contracts, says it plans to rebid project
Economic conditions have changed since the contracts were signed in April, making the project too expensive to build under the power purchase agreements, Avangrid told Massachusetts regulators Friday.
By Ethan Howland • Dec. 19, 2022 -
Kelly Sullivan/Stringer/Getty Images Entertainment via Getty Images
Lyft offers its ride-sharing drivers incentives to switch to EVs
The program is the latest in a series of moves Lyft has taken to fulfill its pledge to transition entirely to electric vehicles by 2030.
By Michael Brady • Dec. 13, 2022
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