Citigroup sees $2-4 trillion clean energy spending gap; analysts weigh private capital's ability to fix that

The rapid growth of renewables will help close that gap, an attorney said Wednesday during a webinar hosted by Our Energy Policy, but more consistent policies are needed to ensure carbon emissions are eliminated, panelists said.

By Emma Penrod • April 23, 2021

NextEra sees hydrogen as key to deep decarbonization, takes small steps for now

Incorporating hydrogen into the company's analysis of decarbonization "substantially changes the value equation for customers to fully decarbonize in the electricity sector," NextEra CFO Rebecca Kujawa said.

By Larry Pearl • April 22, 2021

Explore the Trendline➔

Top 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

Corporate funding for solar surges in Q1, but venture capital eyes are on storage, Mercom finds

"Everyone expects positive outcomes" in renewable energy based on the Biden administration's policy support and the recent economic recovery, said Mercom Capital CEO Raj Prabhu.

By Emma Penrod • April 21, 2021

Republicans test lines of attack on White House jobs, infrastructure plan

President Joe Biden's $2.3 trillion American Jobs Plan spends too much on unproven programs and technologies while ignoring traditional investment in roads and bridges, Republicans say.

By Robert Walton • April 21, 2021

As climate concerns grow, how is it getting cheaper to finance gas in the US?

These transactions speak volumes about what financial institutions believe or don’t believe about the energy transition in the U.S. and its inherent risks, the author writes.

By Justin Guay • April 20, 2021

Mississippi Power to retire 976 MW of fossil fuels by 2027

The utility announced planned retirement dates after Mississippi regulators prompted it to reduce generation capacity amid evidence of "very little, if any, customer load growth."

By Iulia Gheorghiu • April 20, 2021

JPMorgan, Citi follow Bank of America with trillion-dollar ESG pledges

JPMorgan's $2.5 trillion commitment could rebalance the scales. The bank has financed about $317 billion in fossil-fuel activity since 2015, an activist group found. In that time, it has put nearly $210 billion toward green initiatives.

By Dan Ennis • April 19, 2021

ConEd, other utilities with biggest decarbonization targets have seen the most progress: SEPA

A Smart Electric Power Alliance survey of 135 utilities found that those with the most ambitious, detailed decarbonization commitments have made the most progress toward their goals.

By Emma Penrod • April 16, 2021

Duke, Dominion, other utility executives lay out critical steps to achieve decarbonization targets

To continue increasing renewable investments, utilities need to communicate details about what the money is funding and have access to streamlined permitting applications for transmission infrastructure, executives said.

By Jason Plautz • April 15, 2021

Facebook meets 100% renewable energy goal with over 6 GW of wind, solar, 720 MW of storage

The tech giant lowered its greenhouse gas emissions 94% from 2017 levels, and it aims to achieve net zero emissions across its entire value chain by 2030.

By Iulia Gheorghiu • April 15, 2021

PG&E, Apple, 300+ other companies urge Biden admin to set ambitious federal climate target

National Grid, GE and Microsoft also signed a letter calling for the U.S. to cut greenhouse gas emissions at least 50% below 2005 levels.

By Cailin Crowe • April 13, 2021

Bank of America boosts its ESG financing goal to $1 trillion by 2030

Combined with the bank's $500 billion pledge toward socially inclusive finance, the figure effectively doubles Goldman Sachs's landmark $750 billion ESG pledge from 2019.

By Dan Ennis • April 13, 2021

Putting the 'E' back in ESG: Lessons from the field

To make environmental, social and governance investments more of a mandate than a moment, there needs to be a way to track and verify their impact, particularly for climate-related investments, the author writes.

By Bob Hinkle • April 12, 2021

California tees up proposals to securitize $7.5B in PG&E wildfire costs

Without the securitization, "ratepayer costs will be higher as it will take PG&E longer to achieve investment grade credit ratings," according to the California Public Utilities Commission. 

By Kavya Balaraman • April 7, 2021

State of the Electric Utility 2021

The 8th annual State of the Electric Utility Survey Report provides a pulse on industry trends from nearly 500 utility professionals, many at the VP level and above, along with insight from a broad range of industry experts.

By Nami Sumida • April 1, 2021

Duke, other utilities see dollar signs in becoming EV experts

Prospects for EV adoption are compelling utilities to consider providing related services to fleet customers as a business opportunity, including using EVs as a distributed resource, in concert with solar and battery storage.

By Matthew Bandyk • March 24, 2021

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

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

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