Corporate News: Page 38
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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 -
Explore the Trendline➔
Brandon Bell 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 -
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 -
Opinion
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 Robert Walton • 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 -
The image by Sulfur is licensed under CC BY-SA 3.0
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