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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 Chris Teale • Dec. 14, 2020 -
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 -
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 -
Retrieved from Florida Power & Light on December 02, 2020
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 -
Retrieved from Daniels College of Business at University of Denver on November 20, 2020
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 -
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 -
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 -
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 Herman K. Trabish • Dec. 3, 2020