Corporate News: Page 32


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    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
  • Houston skyline
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    Barton, Ben. (2017). "Downtown Houston" [Photograph]. Retrieved from Flickr.
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    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
  • High voltage power lines seen from below Explore the Trendline
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    Joe Raedle via Getty Images
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    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
  • 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
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    First Solar
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    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
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    Photo illustration by Brian Tucker/Utility Dive; photograph by LL28 via Getty Images
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    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
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    Courtesy of Lion Electric
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    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
  • Storage Outlook 2020
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    Photo illustration by Brian Tucker/Utility Dive; photograph by Petmal via Getty Images
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    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 Jan. 4, 2021
  • Dominion offshore wind turbine Virginia
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    Courtesy of Dominion Energy
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    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 Dec. 18, 2020
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    Adeline Kon/Utility Dive
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    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
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    Courtesy of Amazon
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    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 Dec. 16, 2020
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    "Money" by Ervins Strauhmanis is licensed under CC BY 2.0
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    Opinion

    What 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
  • Opinion

    Utilities should be required to disclose their climate-related financial risks

    New York regulators are calling on utilities to disclose such risks, which could help the financial sector interpret what the companies are doing and adjust accordingly, the authors write.

    By Justin Gundlach, Michael Panfil and Romany Webb • Dec. 15, 2020
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    Wikimedia Commons
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    Smart Columbus pushes ahead on corporate decarbonization

    The Smart Columbus Energy program is designed to help Central Ohio's corporate and industrial organizations transition to clean energy through wind and solar energy procurement.

    By Dec. 14, 2020
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    Courtesy of Veolia
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    GE announces first US wind turbine blade recycling program with Veolia

    The blades were the only part of the turbines not getting recycled, and will now be shredded to replace raw materials currently used for cement manufacturing, resulting in lower CO2 emissions.

    By Iulia Gheorghiu • Dec. 9, 2020
  • The Utility Dive Awards for 2020
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    Brian Tucker/Utility Dive
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    Dive Awards

    The Utility Dive Awards for 2020

    The winners exemplified leadership in a time of crisis by working toward economic means of transitioning the power sector.

    By Utility Dive Team • Dec. 9, 2020
  • Florida Power & Light solar fixture with a logo, solar panels
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    Retrieved from Florida Power & Light on December 02, 2020
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    Dive Awards

    Utility of the Year: NextEra Energy

    NextEra Energy is investing in green hydrogen, solar energy and grid resilience, even as the company's effort to expand via M&A have come up dry.

    By Utility Dive Team • Dec. 9, 2020
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    Retrieved from Daniels College of Business at University of Denver on November 20, 2020
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    Dive Awards

    Executive of the Year: Ben Fowke, Xcel Energy

    Fowke, who also chairs utility trade group Edison Electric Institute, has kept Xcel committed to a pathway for eliminating carbon emissions, stakeholders say.

    By Utility Dive Team • Dec. 9, 2020
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    "Google Bike" by R Boed is licensed under CC BY 2.0
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    Google calls for more RTOs, designs 'intelligent platform' to meet 24/7 clean energy goal

    The development of new software and access to more RTOs are key to achieving Google's goal of eliminating its remaining reliance on coal and gas, the company's global energy markets and policy chief tells NARUC.

    By Emma Penrod • Dec. 4, 2020
  • GE Renewable Energy's wind turbine generator, Haliade-X
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    Courtesy of GE Renewable Energy
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    Vineyard Wind Project Permitting

    Vineyard says change to larger GE wind turbines doesn't require permit change

    Vineyard Wind finished a technical review at the end of January, prompting the Bureau of Ocean Energy Management to restart the permitting for its 800 MW project.

    By Iulia Gheorghiu • Updated Jan. 28, 2021
  • Covid, cyberattack, cybersecurity
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    Kendall Davis/Utility Dive
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    Deep Dive

    Utility customers owe up to $40B in COVID-19 debt, but who will pay it?

    Shutoff moratoria have provided a reprieve for some on 2020 power bills, but still-mounting debt needs forgiveness or securitization, analysts say.

    By Dec. 3, 2020