Corporate News: Page 30
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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 -
Explore the Trendline➔
Joe Raedle via Getty Images
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 -
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 -
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 -
Courtesy of Dominion Energy
Dominion looks to leverage offshore wind permitting experience amid $26B clean energy push
The company is navigating state and federal signals on decarbonization incentives with plans to invest roughly $72 billion through 2035 in its electric and gas utility operations.
By Iulia Gheorghiu • May 6, 2021 -
Exelon CEO: Replacing nuclear with renewables, storage to meet carbon goals could cost Illinois $80B
The company plans to shut down its Byron and Dresden nuclear plants in Illinois later this year and sees a state solution to avert the closures as more likely in the near term than a federal solution.
By Larry Pearl • May 6, 2021 -
Courtesy of Apple
WEC Energy Group expands carbon reduction goals, targeting net zero by 2050
The Wisconsin-based regional utility will spend more than $4 billion through 2025 on new solar, wind, battery storage and other clean energy projects.
By Scott Van Voorhis • May 4, 2021 -
Google to power Virginia data centers with 24/7 clean energy from AES
The partnership "lays a blueprint for other companies to decarbonize their own operations," Google said.
By Iulia Gheorghiu • May 4, 2021 -
Permission granted by First Solar
Solar industry launches supply chain transparency tool amid pressure to ensure ethical component sourcing
The Solar Supply Chain Traceability Protocol was developed in response to reports of human rights abuses in China, where much of the world's polysilicon is manufactured.
By Jean Haggerty • May 4, 2021 -
Courtesy of Bechtel
Vogtle Nuclear Construction DelaysBechtel reaches construction milestone at Southern Company's $25B Vogtle nuclear plant
Bechtel last week set into place a passive containment cooling water tank, which the company says is the last major lift at the only two nuclear power plants under construction in the United States.
By Kim Slowey • May 3, 2021 -
Xcel takes nearly $1B fuel cost hit from February storms but still sees Q1 profit rise
The majority of the $965 million incurred net costs came from the gas distribution and generation portions of its subsidiaries, according to the company's quarterly earnings report.
By Catherine Morehouse • April 30, 2021 -
Getty Images
PG&E will fight criminal charges tied to 2019 Kincade Fire, CEO Patti Poppe says
The Sonoma County District Attorney’s office earlier this month filed a criminal complaint charging PG&E with five felonies and 28 misdemeanors connected to the fire.
By Kavya Balaraman • April 30, 2021 -
Courtesy of GE Renewable Energy
GE Renewable Energy reports $234M Q1 loss, despite orders and revenue growth
Revenues for the comany's renewables arm came in at $3.25 billion last quarter, about 2% above Q1 2020. By comparison, Q1 revenues for the power division were $3.6 billion, 12% below the year-ago quarter.
By Jean Haggerty • April 28, 2021 -
Brian Tucker/Utility Dive
Musk touts Tesla's move to only sell home solar and storage together, admits mistakes with solar roof
The combination will streamline installation by ensuring that all the power generated goes to the battery system before reaching the house's circuit breaker, while also making strides to shore up the grid, Musk said.
By Jason Plautz • April 27, 2021
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