Corporate News: Page 30
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Vogtle Nuclear Construction Delays
Southern Company identifies 'likely' nuclear construction delay on Vogtle unit
Vogtle Unit 3's in-service date could be pushed back at least a month from its November 2021 target, which would add $25 million per month in additional costs for Georgia Power.
By Iulia Gheorghiu • March 22, 2021 -
Rhode Island court clears way for PPL acquisition of National Grid's Narragansett Electric
The Superior Court's decision followed a settlement agreement between PPL and the Rhode Island attorney general's office.
By Robert Walton • Updated May 24, 2022 -
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 -
SEC official: Companies avoiding ESG disclosures 'risk higher costs of capital'
Disclosing some ESG-related issues may eventually prove as important for companies as reporting asbestos-related risks, a top SEC official said.
By Jim Tyson • March 17, 2021 -
Courtesy of First Solar
After year of slow sales, First Solar looks to rebound in 2021 with focus on innovation, manufacturing
CEO Mark Widmar says he is pleased with company's 2020 performance despite COVID-related delays that triggered a $400 million decline in sales.
By Emma Penrod • March 1, 2021 -
Gas isn't going anywhere, say finance gurus. 'The death of the LDC has been way overstated.'
Shareholders may ultimately turn their backs on natural gas, but private owners will keep delivering that fuel, according to a panel of investment bankers.
By Robert Walton • Feb. 26, 2021 -
California proposes enhanced oversight of PG&E as concerns rise over wildfire mitigation
The process is based on six steps triggered by certain events and could potentially lead to the commission reviewing — and possibly revoking — PG&E’s operational certification down the road.
By Kavya Balaraman • Feb. 26, 2021 -
Exelon announces plan to spin off generation assets into second company
The split will result in the creation of two "best-in-class" companies free to focus on their own unique strengths, Exelon CEO Chris Crane says.
By Emma Penrod • Feb. 25, 2021 -
Dominion proposes ending its South Carolina coal generation by 2030
The majority of Dominion's scenarios for its next integrated resource plan include large blocks of solar and solar-plus-battery-storage added between 2030 and 2048.
By Iulia Gheorghiu • Feb. 24, 2021 -
Amazon signs its largest offshore wind deal, following 3.4 GW in new renewables procurement
The tech giant has procured 10-year contracts for 380 MW and 250 MW at offshore wind plants being constructed in the Netherlands and Germany, respectively.
By Iulia Gheorghiu • Feb. 16, 2021 -
SEC appoints policy advisor to advance new initiatives on ESG
The appointment of an ESG advisor by the acting SEC chair follows commitments by President Biden to redouble efforts to combat climate change.
By Jim Tyson • Feb. 3, 2021 -
Barton, Ben. (2017). "Downtown Houston" [Photograph]. Retrieved from Flickr.
Houston, Uber and BP partner to aid EV transition for drivers
The trio will explore the deployment of BP's rapid charging electric vehicle stations throughout Houston, aiming to support the city's EV adoption goals and plans to create an equitable charging network.
By Cailin Crowe • Feb. 2, 2021 -
Tesla: Batteries better for long-haul EVs, hydrogen is 'just crazy'
CEO Elon Musk said the company does not have enough battery cells to put its Semi truck into full production.
By S.L. Fuller • Feb. 1, 2021 -
NextEra to add up to 30 GW new renewables in next 4 years, target more C&I customers
CEO Jim Robo said he expects the company's renewable development program to be further enhanced by its ability to attract commercial and industrial customers, while noting the ongoing challenges to more renewables.
By Larry Pearl • Jan. 27, 2021 -
Leeward to acquire 10 GW First Solar project pipeline, accelerating growth ambitions
The $261 million acquisition will enable more rapid expansion in the increasingly competitive business of solar development, according to Leeward.
By Emma Penrod • Jan. 26, 2021 -
Photo illustration by Brian Tucker/Utility Dive; photograph by LL28 via Getty Images
Utility sector's credit quality weakened in 2020, but not because of COVID-19: S&P
Credit downgrades for regulated utilities in North America outstripped upgrades for the first time in a decade, according to S&P Global Ratings, as different companies faced unprecedented wildfire seasons and bribery charges.
By Kavya Balaraman • Jan. 22, 2021 -
Global corporate solar funding rises 24% to $14.5B in 2020, after 25% drop in first half: Mercom
Despite a disappointing first half of the year, investments and acquisitions in the sector recovered significantly, with a record 39.5 GW of large-scale projects changing hands in 2020, compared to 26.1 GW in 2019.
By Leslie Nemo • Jan. 14, 2021 -
Renewables, storage stocks soar as Democrat-led Congress improves environment for green investments
In response to favorable investment conditions, renewables and energy storage companies' stocks — including Sunrun, Tesla, Bloom Energy, Eos Energy and First Solar — have seen significant gains lately.
By Catherine Morehouse • Jan. 8, 2021 -
Courtesy of Lion Electric
Lion Electric's journey to the NYSE, explained
Special purpose acquisition companies, or SPACs, are trendy, and they have been helping green truck companies go public.
By Jim Stinson • Jan. 6, 2021 -
Photo illustration by Brian Tucker/Utility Dive; photograph by Petmal via Getty Images
Top Utility Trends of 2020
Amid significant disruptions caused by the COVID-19 pandemic, the power sector's transition to a cleaner, more distributed future continues.
By Larry Pearl • Jan. 5, 2021 -
Deep Dive
Want to know how to pick an energy market? Watch the Mountain West power providers
Xcel Colorado just joined California’s imbalance market, SPP will offer imbalance services, and researchers have proposed a Colorado-centric system. But what do power providers want?
By Herman K. Trabish • Jan. 4, 2021 -
Courtesy of Dominion Energy
Dominion files plans with federal regulators for 2.6 GW offshore wind project, largest in US to date
The filing with the Bureau of Ocean Energy Management follows Dominion's construction of the first offshore wind turbines approved by regulators in federal waters.
By Iulia Gheorghiu • Dec. 22, 2020 -
Deep Dive
APS's plan for closing coal plants could be a gamechanger, analysts say, but who will pay?
The company's current rate case includes $144.45 million for communities impacted by its proposed coal closures, the biggest-ever such U.S. utility commitment, but customers would pay over 80% of the plan.
By Herman K. Trabish • Dec. 18, 2020 -
Adeline Kon/Utility Dive
LevelTen Energy eyes C&I sector interest in contracting energy storage resources
Following the facilitation of a deal to power 550 Starbucks stores in California through virtual solar and energy storage agreements, the company began offering a new storage contract to reduce risk in larger project investments.
By Iulia Gheorghiu • Dec. 17, 2020 -
Courtesy of Amazon
Amazon subsidiary Zoox gives first look at its autonomous electric robotaxi
The company said the vehicle is built for "dense, urban environments" and can reach up to 75 miles per hour in both directions.
By Chris Teale • Dec. 16, 2020 -
OpinionWhat a corporate tax rate increase could mean for utility ratemaking
Utility executives and regulators need to use this time of uncertainty to evaluate the impact of potential tax rate changes, especially considering COVID-19 financial pressures, disconnect moratoriums, and collectibility risks, the authors write.
By Kimberly Johnston and Michael J. Reno • Dec. 16, 2020
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