Corporate News: Page 34
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NextEra merger may be too attractive for Duke, regulators to ignore, analysts say
With its recent approach of Duke Energy regarding a possible tie-up, NextEra continued its 20-year quest to acquire a major utility.
By Ted Jackson • Oct. 15, 2020 -
PG&E probation judge demands details after utility equipment seized in wildfire investigation
The Zogg Fire began in late September and has since caused four fatalities and burned more than 56,000 acres.
By Kavya Balaraman • Oct. 13, 2020 -
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 -
Column
Taking Charge: How Austin Energy simultaneously managed COVID-19 and a new carbon price adder
Austin Energy General Manager Jackie Sargent discusses "crazy times," and how the utility is protecting employees while cutting emissions on the road to carbon-free status.
By Robert Walton • Oct. 8, 2020 -
2 contractors chosen for Tesla's $1.1B Texas factory project
The electric car maker, which recently purchased additional land, has said that two unnamed general contractors have been selected for its Austin, Texas, Cybertruck facility.
By Zachary Phillips • Oct. 7, 2020 -
National Grid sees hydrogen as a linchpin, joins utilities targeting net zero carbon by 2050
The company intends to continue studies and pilots to blend hydrogen into its existing gas network, viewing the renewable gas as a "lynchpin" between its networks, according to a spokesperson.
By Iulia Gheorghiu • Oct. 5, 2020 -
Virginia regulatory staff project $800 annual customer bill increase for Dominion to meet clean energy law
Plans proposed by the utility, ranging from around $44 billion to $84.3 billion, did not include a least-cost compliance option, according to staffers.
By Iulia Gheorghiu • Oct. 1, 2020 -
NextEra's $60B Duke merger proposal has some strong upsides but significant obstacles, analyst finds
NextEra is still eager for a deal, but obstacles to a union are formidable. Nevertheless a deal would create a $200 billion utility behemoth, the biggest ever.
By Ted Jackson • Oct. 1, 2020 -
NextEra, Mountain Valley Pipeline developers receive 2-year extension from FERC
Regulators lifted a work-stop order on Friday on all but a 25-mile segment including a national forest. Developers were previously aiming to bring the pipeline in service by early next year.
By Iulia Gheorghiu • Updated Oct. 13, 2020 -
Ameren pledges net zero carbon by 2050, 3.1 GW new renewables by 2030, keeping coal into 2040s
Pending negotiations over securitization legislation in Missouri could encourage the utility to retire its coal assets faster, according to stakeholders.
By Catherine Morehouse • Sept. 29, 2020 -
Citing slow, overcrowded market, GE exits coal industry, raising questions about next steps
The company's stock prices plummeted following the announcement because the transition plan lacked detail, according to one analyst. But staying in the coal market would have been much worse.
By Emma Penrod • Sept. 24, 2020 -
Nikola CEO exits electric truck maker amid reports of SEC, DOJ investigations
Trevor Milton and Nikola attacked a critical report by Hindenburg Research, which claimed the company did not have a working model of its electric truck and relied on outsourced technology.
By Jim Stinson • Sept. 22, 2020 -
Ohio regulators launch probe into FirstEnergy's political and charitable contributions
The new inquiry by the Public Utility Commission comes with FirstEnergy already the target of two federal investigations and a potential state attorney general examination.
By John Funk • Sept. 18, 2020 -
S&P lowers outlook for California IOUs in light of unprecedented wildfires, regulatory risk
None of the roughly 25 wildfires burning in the state seem to have been caused by utilities, but environmental factors increase "the likelihood that a California investor-owned electric utility could potentially be the cause of a catastrophic wildfire."
By Kavya Balaraman • Sept. 18, 2020 -
Sponsored by Burns & McDonnell
Lessons from Disruption: Navigating the Pandemic and Beyond
Welcome to "Lessons from Disruption: Navigating the Pandemic and Beyond," a podcast series dedicated to further understanding how the utility industry can overcome the several challenges brought out by COVID-19 with technology and smart planning.
By Utility Dive's Brand Studio • Sept. 18, 2020 -
How to participate in the 2020 Utility Dive Awards
Industry Dive is gearing up for the 2020 Dive Awards. We want to hear your ideas on the executives, utilities and policymakers that stood out.
By Utility Dive Editors • Updated Sept. 28, 2020 -
Walmart, Schneider Electric team up to help suppliers transition to renewable energy
The initiative aims to educate suppliers and help them through conversion — a process Walmart's Senior Director of Sustainability said can be daunting.
By Emma Cosgrove • Sept. 16, 2020 -
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 -
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 -
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 -
Szekely, Pedro. (2017). "Chicago skyline" [Photograph]. Retrieved from Flickr.
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 -
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 Herman K. Trabish • Aug. 31, 2020 -
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 -
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