Corporate News: Page


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    Landmark Illinois climate bill resolves standoff over Exelon nuclear plants

    The legislation also provides a road map for sunsetting the state’s coal-fired plants while setting a target of 40% renewable power for the state’s power sector by 2030.

    By Scott Van Voorhis • Sept. 15, 2021
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    Utility shutoff moratoriums protected many consumers earlier in the pandemic. What happens now?

    Cities and states are looking at how to help residents likely to lose power once utility shutoff moratoriums end. 

    By Jason Plautz • Sept. 9, 2021
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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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    Avangrid deal for PNM enters final stages of New Mexico regulatory review

    Avangrid has made additional concessions in a bid to win regulatory approval in New Mexico for its acquisition of PNM Resources.

    By Scott Van Voorhis • Sept. 7, 2021
  • Time running out for Exelon's Byron and Dresden nuclear plants as Illinois Senate passes major energy bill

    The state Senate's clean energy package, which still needs to pass the House of Representatives, would provide nearly $700 million over five years for the nuclear power sector.

    By Scott Van Voorhis • Sept. 2, 2021
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    Duke explores shutting coal-fired plants by 2030 in South Carolina plans

    The revised plans come after South Carolina regulators voted in late June to reject the utility's previous proposals and send the company back to the drawing board.

    By Scott Van Voorhis • Sept. 1, 2021
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    Tesla plan to sell electricity in Texas would cut out the 'middleman'

    The company's move to leverage its solar and storage buildout could make it a unique player in Texas' electricity market, one analyst said.

    By Jason Plautz • Sept. 1, 2021
  • At 7 a.m., we had 888,229 power outages in Louisiana due to Ida’s destruction. Power outages continue to increase today as the storm moves through Mississippi.
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    Courtesy of Entergy
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    Transmission tower destroyed by Ida likely to complicate power restoration in New Orleans, experts say

    As Entergy scrambles to restore power in the Gulf region, the collapse of a major transmission tower could complicate matters, experts say.

    By Scott Van Voorhis • Aug. 31, 2021
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    Historic drought slashes hydropower generation in California, other Western states

    The decline in hydropower, and the scramble to replace it with other sources, is putting financial pressure on local utilities in Western states.

    By Scott Van Voorhis • Aug. 24, 2021
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    As momentum for hydrogen builds, electric utilities chart multiple paths forward

    Utilities interested in the hydrogen market are considering the fuel for carbon-free generation and for new business models on the horizon.

    By Emma Penrod • Aug. 18, 2021
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    Nuscale to consider Xcel to operate its advanced nuclear reactors

    The discussions could indicate Xcel's efforts to "keep its nuclear assets in the game," one expert said, and ease the path to full operations for NuScale's small modular reactor clients.

    By Iulia Gheorghiu • Aug. 17, 2021
  • Illinois regulators launch probe of ComEd in wake of bribery scandal

    The Illinois Commerce Commission is investigating whether ComEd stuck ratepayers with the bill for patronage hires and other money spent in a bribery case involving one of the state's most powerful politicians.

    By Scott Van Voorhis • Aug. 16, 2021
  • PSEG unloads fossil fuel plants for $1.9B in push toward decarbonization

    PSEG is taking another big step towards cleaning up its grid, with the New Jersey utility announcing plans on Thursday to sell a 6,750 MW portfolio of fossil-fuel plants for $1.92 billion.

    By Scott Van Voorhis • Aug. 13, 2021
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    Dominion planning 'largest clean energy submission to date' in Virginia filing

    In its second quarter earnings call, CEO Robert Blue said the utility is aggressively pushing forward clean energy solutions, spending $17 billion on zero-carbon generation and storage over the next five years.

    By Jason Plautz • Aug. 9, 2021
  • DHL Express ordered 12 electric planes from aircraft manufacturer Eviation, the logistics company announced Aug. 3.
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    Courtesy of DHL Express
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    DHL Express orders 12 electric aircraft in step toward zero-emission logistics

    The company will use the electric aircraft for regional feeder routes starting in the U.S., primarily for the Southeast and West Coast.

    By Max Garland • Aug. 9, 2021
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    Duke Energy's renewable portfolio hits 10,000 MW as utility reports Q2 earnings

    The utility is on its way to more than double its renewable power portfolio by the end of the decade, executives said Thursday.

    By Scott Van Voorhis • Aug. 6, 2021
  • State, federal efforts too late to save Exelon's Illinois nuclear plants, CEO Crane says

    Exelon's leadership has months to decommission the Byron and Dresden plants in Illinois, which CEO Chris Crane described as "the right economic decision" absent legislation.

    By Iulia Gheorghiu • Aug. 6, 2021
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    Entergy touts hydrogen as tool to meet industrial customers' green goals

    On the utility's second quarter earnings call, CEO Leo Denault said it is working to offer industrial clients "some of the cleanest electricity in the country."

    By Jason Plautz • Aug. 6, 2021
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    AES, Google moonshot factory, to partner on grid virtualization platform

    The companies will work together on technology that could eventually give a real-time virtualization of the grid as it integrates renewables and distributed resources. 

    By Jason Plautz • Aug. 4, 2021
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    First Solar CEO highlights 3.3 GWdc manufacturing expansions in Ohio, India ahead of next gen module

    The new Ohio plant will allow the company to "develop a new product at the intersection of efficiency, energy yield ... cost competitiveness and advantaged environmental attributes," CEO Mark Widmar said.

    By Jason Plautz • Aug. 3, 2021
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    Tesla works with suppliers to source alternative chips for EVs amid semiconductor shortage

    The approach helped the automaker produce and deliver 200,000 electric vehicles in Q2, but it warned the workaround could be difficult to sustain.

    By Max Garland • Aug. 2, 2021
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    SEC may require climate risk disclosures in expanded 10-Ks: Gensler

    SEC Chair Gary Gensler says a company, when filing mandatory climate risk disclosures, may need to measure carbon emissions across its “value chain.”

    By Jim Tyson • Aug. 2, 2021
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    Opinion

    As climate risk disclosures loom, US utilities must not evade accountability

    U.S. utilities, through their trade groups, are pressing the SEC for weak climate disclosure policies that contradict advice from leading authorities, the authors write.

    By Howard Crystal and Ilana Cohen • Aug. 2, 2021
  • Xcel plans to roll out 10,000 MW of renewable energy in Minnesota, Colorado by 2030

    Xcel Energy is accelerating plans to cut its carbon emissions in Minnesota, the utility's home base, and is also gearing up for a major transition, with longtime CEO Ben Fowke slated to retire on Aug. 18.

    By Scott Van Voorhis • July 30, 2021
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    PG&E forecasts 'probable' loss from July Dixie fire as CEO Poppe highlights plan to bury power lines

    Company executives provided details during Thursday's Q2 earnings call on their sweeping plan to bury 10,000 miles of power lines underground in an attempt to reduce wildfire risk in PG&E's service territory.

    By Kavya Balaraman • July 29, 2021
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    Booming demand for renewable energy financing could result in tax equity shortage, experts say

    The alignment of policy and corporate goals is driving even greater demand for renewable energy, according to speakers at a Tuesday panel, but there may not be enough financing — or financing professionals — to meet demand.

    By Emma Penrod • July 28, 2021