Corporate News: Page 33


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    Alevo
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    Public power leaders see lasting effects from 2020 disruptions with new approaches to resilience, equity

    The new normal won't look like the old normal, as executives say major shifts that began in 2020 will continue to shape industry trends in the year to come.

    By Emma Penrod • Sept. 11, 2020
  • JPMorgan, Citi support carbon price as CFTC panel says financial sector unprepared for climate impacts

    Forcing businesses to pay for their greenhouse gas emissions would be the most efficient way to ensure financial markets reduced climate risk, a Commodity Futures Trading Commission subcommittee wrote in a report.

    By Dan Ennis • Sept. 11, 2020
  • 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
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    Courtesy of Nikola
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    Nikola, GM sign supply agreement for Class 8 fuel-cell systems, overriding previous partnership

    The new memorandum of understanding does not include a GM equity stake in Nikola or the development of the Badger pickup truck.

    By Jim Stinson • Updated Dec. 1, 2020
  • Uber expands EV platform to 1,400 new cities

    The company is striving for 100% of its rides to take place in zero-emission vehicles, public transit and micromobility.

    By Kristin Musulin • Updated Jan. 13, 2021
  • Utility Dive interview series
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    Yujin Kim/Utility Dive
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    Taking Charge: Decisionmakers shaping the future of the power sector

    Utility Dive turns to the CEO of Fluence to discuss the role of storage in high renewable energy integration, and more.

    By Utility Dive Editors • Sept. 4, 2020
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    Szekely, Pedro. (2017). "Chicago skyline" [Photograph]. Retrieved from Flickr.
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    Cutting ties with ComEd could cost Chicago $8.8B, report finds

    As a result of the hefty expected costs of separation, city leaders say creating Chicago's own municipal utility is likely not feasible.

    By Iulia Gheorghiu • Sept. 1, 2020
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    Yujin Kim/Utility Dive
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    Deep Dive

    As utility collaboration with charging companies rises, emerging differences could impede EV growth

    To accelerate EV charging infrastructure deployment, former competitors are working together, but new questions threaten to lead to dissension.

    By Aug. 31, 2020
  • Utility Dive interview series
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    Yujin Kim/Utility Dive
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    Column

    Taking charge: Fluence CEO Manuel Pérez Dubuc views storage as the 'holy grail' for high renewables

    "We really need to prepare ourselves for scaling up the company, and I think that’s my role," Dubuc told Utility Dive in a recent interview. 

    By Kavya Balaraman • Aug. 28, 2020
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    Courtesy of Soleil Energy/sonnen
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    Wasatch Group, sonnen plan 24 MW, 60 MWh virtual power plants in California for $130M

    The companies are beginning the first of seven retrofit projects in September in a Fresno apartment community, planning to add 3,000 batteries and solar power to homes.

    By Iulia Gheorghiu • Aug. 27, 2020
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    Utilities response to the pandemic — heads - shareholders win; tails - consumers lose

    Colorado is a case study where even consumer advocates treat it as a foregone conclusion that consumers will be on the hook for the consequences of an economic downturn, and utilities will be allowed to pocket the savings.

    By Frances Koncilja • Aug. 24, 2020
  • As North Carolina regulators block another pipeline, Duke searches for options to meet gas demand

    Following North Carolina's denial on Tuesday of a key water permit for the Mountain Valley Pipeline extension and the cancellation of the Atlantic Coast Pipeline, the utility is exploring its options.

    By Iulia Gheorghiu • Aug. 13, 2020
  • Sunrun posts Q2 loss but anticipates storage boost as battery prices fall, blackouts persist

    Sunrun has developed a pipeline of deals to provide grid services, such as virtual power plants, in half of the regions it operates, CEO Lynn Jurich said during the company's second quarter earnings call.

    By Iulia Gheorghiu • Aug. 12, 2020
  • Budget pressures, COVID-19 drive Boulder to settlement talks with Xcel Energy

    After 10 years of work toward establishing municipal power generation, the City of Boulder has announced a proposed settlement with Xcel Energy to continue progress toward clean energy at lower cost.

    By Emma Penrod • Aug. 11, 2020
  • PPL to exit UK market, focus on growing US utility investments

    The simplified corporate structure aims to "unlock shareowner value," said PPL officials. The company's first-half earnings have taken a hit from the COVID-19 pandemic, but full-year guidance remains stable.

    By Aug. 11, 2020
  • After ComEd bribery case, Illinois groups push for changes to clean energy bill

    The groups want to undo recent rate increases from Ameren Illinois and ComEd, but the state Chamber of Commerce will not support the update if it still protects Exelon's nuclear plants.

    By Iulia Gheorghiu • Aug. 6, 2020
  • Sempra Energy bullish on hydrogen as California navigates natural gas future

    The company sees opportunities in power generation, industrial processes and fueling heavy-duty transportation, an executive said. 

    By Kavya Balaraman • Aug. 5, 2020
  • bp targets $5B annual renewables spending, 50 GW by 2030

    The international oil company gave greater insight into its plan to reach carbon neutrality by 2050 after taking a $16.8 billion hit in Q2 of this year.

    By Catherine Morehouse • Aug. 5, 2020
  • WEC Energy's Valley Power Plant in Wisconsin was converted from coal generation to natural gas.
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    The image by Sulfur is licensed under CC BY-SA 3.0
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    WEC Energy Group targets carbon neutrality by 2050 after hitting emissions goals a decade early

    The Wisconsin-based electric provider plans to nearly double existing emission reductions over the next decade with a $900 million investment in renewable energy.

    By Emma Penrod • Aug. 4, 2020
  • Dominion shakes up leadership, focuses on renewables after pipeline cancellation

    CEO Tom Farrell is transitioning to a new role in a "long designed succession process" as the company takes a $2.8 billion charge related to the canceled Atlantic Coast Pipeline. 

    By Iulia Gheorghiu • Aug. 3, 2020
  • PG&E faces soaring insurance costs, leadership changes in rest of 2020

    PG&E Corp. recorded a $1.97 billion loss in the second quarter of 2020, compared to a $2.55 billion loss during the same period last year.

    By Kavya Balaraman • July 31, 2020
  • GE's renewables division reports nearly $200M in Q2 losses due to COVID-19 delays

    GE Renewable Energy reported year-over-year orders down 19%, but revenues for the first half of 2020 have increased slightly, hinting at a gradual recovery after cost-saving measures.

    By Emma Penrod • July 31, 2020
  • Joe Dominguez, CEO of ComEd Exelon
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    Permission granted by ComEd
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    ComEd CEO says no ratepayer funds involved in alleged bribery, misconduct

    While Illinois regulators pledge to investigate ComEd's actions, recent reports of Chair Carrie Zalewski's connections to the scandal led to requests for her to resign or recuse herself.

    By Iulia Gheorghiu • July 30, 2020
  • Tesla sues Rivian alleging trade secret theft as companies jockey for EV dominance

    Tesla says Rivian persuaded employees to misappropriate specific confidential information before leaving Tesla, according to the company’s filing in California Superior Court.

    By Guy Burdick • July 30, 2020
  • Citi, Bank of America join Morgan Stanley in carbon disclosure group

    Citi also pledged $250 billion over the next five years to finance low-carbon solutions in renewable energy, water quality and conservation, sustainable transportation, green buildings and sustainable agriculture.

    By Dan Ennis • July 30, 2020
  • Ohio political scandal nicks AEP stock price, FirstEnergy CEO clarifies defense as shares languish

    AEP supported passage of Ohio HB 6 bailing out FirstEnergy’s nuclear plants but denies any direct involvement with the dark money group that is now the target of $61 million federal racketeering probe.

    By John Funk • July 29, 2020