Utility capital spending remains strong, but inflation, federal policy uncertainty complicate outlook: EEI

Investor-owned electric utilities will make capital investments of about $140 billion annually from 2021-2023, officials from the Edison Electric Institute told Wall Street analysts.

By Robert Walton • Feb. 10, 2022

AEP withdraws request for FERC power plant deal approval under pressure from Kentucky PSC

The dispute over the Mitchell power plant could affect Kentucky Power's pending sale to Algonquin Power.

By Ethan Howland • Updated Feb. 7, 2022

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

More electric buses join transit fleets as costs and technology improve

As zero-emission buses are added to more transit fleets, officials and bus manufacturers are optimistic about their potential, but they caution that planning, training and learning from other cities are needed.

By Dan Zukowski • Feb. 2, 2022

Musk vows to accelerate Tesla solar and energy storage business in 2022

After the company's solar and storage business was "shortchanged" in 2021 amid production constraints, Tesla's CEO said the company is aiming for a "pretty vast" clean energy business. 

By Jason Plautz • Jan. 27, 2022

NextEra CEO Jim Robo announces his retirement following company's 'strong' 2021 performance

John Ketchum, current president and CEO of NextEra Energy Resources, will take the helm after Robo steps down on March 1.

By Emma Penrod • Jan. 25, 2022

Hydrostor secures $250 million from Goldman Sachs amid rising investor interest in long-duration storage

The investment follows a $200 million fundraising round by iron-air battery firm Form Energy and a $150 million equity commitment to long-duration storage firm FlexGen from Apollo Global Management, among other deals.

By Jason Plautz • Jan. 12, 2022

Massachusetts taps Vineyard Wind, Mayflower Wind to deliver an additional 1.6 GW

As Massachusetts doubled its offshore wind procurement, Maryland surpassed its 1.2 GW target by accepting two bids from U.S. Wind and Skipjack Offshore Energy.

By Iulia Gheorghiu • Dec. 20, 2021

NuScale Power plans to be the first advanced nuclear reactor company to go public

The company said Tuesday it will merge with Spring Valley Acquisition to form a new entity currently valued at $1.9 billion. The transaction is expected to close in the second quarter of 2022.

By Iulia Gheorghiu • Dec. 15, 2021

Shell, KKR invest in solar + storage as renewable market booms

The oil and gas giant is acquiring solar and storage developer Savion as part of a push into renewable energy. 

By Jason Plautz • Dec. 15, 2021

Fluence expects to bring in more than $1B in revenue in 2022, touts potential of energy storage market

Fluence, as a storage technology company and not a battery manufacturer, is well positioned to ride the market’s evolution, CEO Manuel Perez Dubuc said during its first earnings call as a publicly-traded company.

By Jason Plautz • Dec. 10, 2021

New Mexico regulators unanimously reject Avangrid-PNM merger, but observers see a second chance in 2023

Observers say it is possible the deal can be salvaged, but for now concerns over reliability and the development of renewable resources have scuttled the proposed $8 billion merger.

By Robert Walton • Dec. 9, 2021

SEC probe of Tesla over solar roof fires could have limited impact, analyst says

A former Tesla employee accused the company of failing to disclose safety risks from solar panels, prompting multiple federal investigations. 

By Jason Plautz • Dec. 7, 2021

Duke net metering agreement with renewables advocates expected to increase North Carolina solar adoption

Clean energy advocates expect the proposed rates, similar to a Duke plan approved in South Carolina, to expand the distributed solar market for homeowners and businesses.

By Iulia Gheorghiu • Dec. 1, 2021

Irreconcilable conflict? Lessons from the Central Maine Power transmission corridor debacle

The Central Maine Power corridor debate shows public support must be built for much-needed infrastructure through strategic, long-term transmission and distribution planning, the author writes.

By Rebecca Schultz • Nov. 30, 2021

Taking Charge: Kore Power CEO Lindsay Gorrill on building a battery manufacturing ecosystem in Arizona

The storage industry executive says building a domestic supply chain is essential to meeting the country's clean energy goals. 

By Jason Plautz • Nov. 24, 2021

First Solar announces its largest-ever single order of solar modules — 5.4 GW to bp and affiliate

The purchase represents First Solar's third record-setting sale to close this year, according to a company spokesperson, and might indicate a growing interest among solar developers in larger, longer-term procurement deals.

By Emma Penrod • Nov. 23, 2021

US Bank pledges net-zero emissions by 2050, in a first among regionals

The bank also aims to put $50 billion by 2030 toward financing customers and projects that have a positive environmental impact. It said it is establishing a framework to more clearly track that figure.

By Dan Ennis • Nov. 15, 2021

Entergy Mississippi readies push into renewable power with plans to add 1 GW

The utility's decision is part of a larger plan designed to help counteract soaring natural gas costs on its gas-fired electric plants.

By Scott Van Voorhis • Nov. 11, 2021

Planned GE power and renewable energy spinoff poised for major growth, analysts say

The utility sector's increasingly rapid shift towards decarbonization should provide significant opportunities for GE's move, which it expects to complete by early 2024.

By Scott Van Voorhis • Nov. 10, 2021

Dominion pushes ahead with shift from non-regulated assets, echoing Exelon, DTE and other utilities

The company continues on a path to focus on its "attractive regulated utility businesses" and to lower business risks with a new sale, according to its chief financial officer.

By Iulia Gheorghiu • Nov. 9, 2021

Duke Energy eyes offshore wind, advanced nuclear, to meet NC decarbonization goals

Duke Energy CEO Lynn Good told analysts Thursday the company is exploring an array of options to meet North Carolina's new decarbonization goals.

By Scott Van Voorhis • Nov. 8, 2021

Georgia Power's Vogtle doubles original cost amid further delay

Revelations of a new delay and higher costs followed a unanimous vote by the Georgia Public Service Commission this week to allow Georgia Power to bill customers for $2.1 billion of the costs for Unit 3.

By Jason Plautz • Nov. 5, 2021

Global rule maker created for ESG disclosure standards

CFOs aiming to adopt sustainability disclosure standards must currently choose from more than a dozen inconsistent, competing frameworks. 

By Jim Tyson • Nov. 4, 2021

Entergy CEO outlines path to secure $2.5B to repair damages from Hurricane Ida

The utility is working to offset repair costs with federal funds. The company took a $65 million revenue hit from the August hurricane, double the impact of last year's largest storm.

By Scott Van Voorhis • Nov. 4, 2021

Avangrid-PNM merger in doubt after New Mexico hearing examiner warns of reliability, oversight issues

"The potential harms of the proposed transaction outweigh the promised benefits," Hearing Examiner Ashley Schannauer wrote. The New Mexico Public Regulation Commission is expected to make a decision by the end of the year.

By Robert Walton • Nov. 2, 2021