Corporate News: Page 3


  • Mayes County data center in Oklahoma Google
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    Permission granted by Google

    Google invests $9.5B in US offices and data centers

    The investments come at a time when the data center industry is booming and the company is pursuing 100% clean energy for every hour of the day.

    By Sebastian Obando • April 14, 2022
  • Arizona regulators deny SRP gas plant expansion, citing community impacts and insufficient supporting evidence

    Salt River Project said the decision creates a near-term resource issue and that it will continue to evaluate its "generation and market options."

    By April 13, 2022
  • Explore the Trendline
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    Trendline

    Sustainability

    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
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    Nathan Howard / via Getty Images

    PG&E agrees to pay $55M to settle Kincade, Dixie wildfires

    The utility also committed to multiple wildfire safety and response efforts as part of the settlement agreements. 

    By April 12, 2022
  • Wells Fargo branch exterior
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    Courtesy of Wells Fargo multimedia resources

    Wells Fargo names its first chief sustainability officer

    Robyn Luhning will ensure transparency in the bank's environmental, social and governance disclosures. Wells Fargo said it aims to set interim financed emission targets for its oil, gas and power portfolios by the end of 2022.

    By Dan Ennis • April 7, 2022
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    Courtesy of PepsiCo

    Inside PepsiCo's strategy for fleet electrification

    For the food and beverage giant, executive buy-in is a crucial part of scaling for the future.

    By S.L. Fuller • April 5, 2022
  • Aerial view of GE’s Haliade-X offshore wind turbine at a staging dock
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    Courtesy of GE Renewable Energy

    DOE takes stock of offshore wind supply chain, calls for 2,100 turbines to meet 30 GW goal

    Barring supply-chain constraints, NREL said, it expects 30.1 GW of offshore wind to be installed in the U.S. by the end of 2030, meeting the Biden administration's goals.

    By Iulia Gheorghiu • March 31, 2022
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    David McNew via Getty Images

    Data pose biggest hurdle to ESG disclosure: Deloitte

    Gathering credible data on greenhouse gas emissions by suppliers and other third-party business partners has emerged as one of the most difficult steps in sustainability reporting.

    By Jim Tyson • March 28, 2022
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    Drew Angerer via Getty Images

    Companies must venture into 'jungle' of approaches to ESG ratings

    CFOs committed to providing sustainability disclosures confront a confusing variety of inconsistent standards and measurements, according to experts.

    By Jim Tyson • March 24, 2022
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    Alex Wong via Getty Images

    SEC proposes 'rules of the road' for climate-risk disclosures

    Investors with $130 trillion in assets under management have pushed for consistent, comparable disclosures on climate risk, SEC Chair Gary Gensler said Monday.

    By Jim Tyson • March 22, 2022
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    David McNew via Getty Images

    Virginia approves 1 GW solar and energy storage expansion by Dominion Energy

    Dominion Energy will need to maintain a similar pace of development for years in order to meet a state-mandated decarbonization target, according to a company spokesman.

    By Emma Penrod • March 17, 2022
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    Deep Dive

    As Duke and Dominion ramp up their net zero goals, the supply chain comes into view

    The companies have expanded their net zero commitments to include Scope 3 emissions. What will that take?

    By Jason Plautz • March 16, 2022
  • Puerto Rico emerges from bankruptcy, but its electric utility is still struggling with $9B in debt

    Last week Puerto Rico Gov. Pedro Pierluisi canceled a debt restructuring plan for the island's utility that consumer advocates say would have raised power rates for almost five decades.

    By March 16, 2022
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    zefart/iStock/Getty via Getty Images

    SEC pushes for tougher cybersecurity disclosure rules

    SEC Chair Gary Gensler said investors demand more detailed information about how companies seek to curb the risk and costs of cyberattacks.

    By Jim Tyson • March 10, 2022
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    Opinion

    Supplier-consolidated billing: A tool for innovation and accountability in retail energy markets

    States can learn from the efforts of Maryland regulators to explore innovation opportunities in the most important touchpoint for customers — their utility bill — the author writes.

    By Travis Kavulla • March 7, 2022
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    Sean Gallup via Getty Images

    SEPA offers decision-making framework to help organizations develop decarbonization plans

    Based on published research and the real-world experiences of industry leaders, the report is intended to reduce decision paralysis around decarbonization, SEPA said.

    By Emma Penrod • March 3, 2022
  • Electricity prices and customer debt are rising: 'There will be suffering,' warns consumer advocate

    In Massachusetts alone, electric and gas customer accounts 90 days or more past due are now in excess of $500 million, according to the National Consumer Law Center.

    By March 3, 2022
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    Alex Wong via Getty Images

    Could Russia's invasion of Ukraine mean fewer near-term cyberattacks on US utilities?

    U.S. critical infrastructure providers are on high alert, but — at least for now — the conflict in Europe could signal a lull in utility ransomware attacks, according to one security consultant.

    By March 1, 2022
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    Opinion

    Making corporate net-zero rhetoric real in 2022

    Every part of the C-suite must make decisions that will impact their companies for years to come, the authors assert.

    By Chris Deri and Sasha Mackler • Feb. 28, 2022
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    Sponsored by EY

    Can energy providers overcome digital plateaus to meet consumer demands? Three steps to success

     How energy providers can unlock the value of digital and build trusted relationships with customers.

    By Greg Guthridge, EY Global Energy & Resources Customer Experience Transformation Leader • Feb. 28, 2022
  • New Jersey will need nuclear at least until 2050, may extend ZEC cycle: PSEG CEO

    The utility is focused on clean energy investments after completing the sale of almost 7 GW of fossil generation. CEO Ralph Izzo expects the process of subsidizing PSEG's nuclear plants will extend beyond the 3-year cycle.

    By Feb. 25, 2022
  • AEP's Traverse wind farm in Oklahoma.
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    Permission granted by American Electric Power

    AEP to sell unregulated wind and solar assets to sharpen focus on transmission, regulated renewables

    AEP plans to spend $38 billion over five years to foster a "major transformation," according to CEO Nick Akins.

    By Feb. 25, 2022
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    Joern Pollex via Getty Images

    Largest US offshore wind lease auction attracts $4B

    The Bureau of Energy Management concluded on Friday its auction for six parcels of land off the shore of New York and New Jersey, estimated to support 5.6 GW to 7 GW of development.

    By Iulia Gheorghiu • Updated Feb. 28, 2022
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    iStock.com/Signal-Hill 

    Sponsored by Questline

    Utilities using new tactics to improve bill collection, customer experience

    Two years since the coronavirus pandemic began, and energy utilities are still facing a revenue crunch. The main culprit? Customers continue to struggle paying their past due balances.

    Feb. 22, 2022
  • Dominion to expand net zero carbon reduction goals to Scope 2 and Scope 3 emissions

    The multistate utility plans to invest $37 billion in decarbonization over the next five years, executives said on the fourth quarter 2021 earnings call.

    By Jason Plautz • Feb. 14, 2022
  • The Louisville, Kentucky skyline at night.
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    traveler1116 via Getty Images

    Louisville eyes forming public electric utility to meet climate goals

    Its goal of achieving 100% clean energy communitywide by 2040 does not match the decarbonization plans of its current energy provider, leading the city to look for alternatives.

    By Jason Plautz • Feb. 14, 2022