Corporate News: Page
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Judge approves PG&E wildfire settlements, bringing utility closer to exiting bankruptcy
The settlements resolve two crucial components of PG&E's bankruptcy — its liabilities to committees representing wildfire victims and insurance companies.
By Kavya Balaraman • Dec. 18, 2019 -
Deep Dive
Investigations of ComEd, Exelon lobbying threaten Illinois energy transition
Lawmakers and clean energy advocates vow to continue fighting for the state's landmark clean energy bill despite a "black cloud of corruption."
By Herman K. Trabish • Dec. 17, 2019 -
Explore the Trendlineâž”
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 -
Newsom's rejection throws wrench in PG&E bankruptcy process
California Governor Gavin Newsom's letter to PG&E Corp. CEO Bill Johnson and responses from state lawmakers indicate the potential for political micromanagement of PG&E's reorganization.
By Kavya Balaraman • Dec. 17, 2019 -
First Energy Solutions bankruptcy judge must reconsider FERC authority on contracts: 6th Circuit
The bankruptcy court must now consider FERC's objections to FES breaking contract with Ohio Valley Electric Cooperative, which could mean a round of briefs and possibly a hearing, just as the company's bankruptcy case wraps up.
By John Funk • Dec. 16, 2019 -
Deep Dive
Northern California's wildfire season is effectively over. What's next for PG&E?
While PG&E did not cause another catastrophic wildfire in Northern California this year, it still has to deal with risky infrastructure, the likelihood of prolonged power shut-offs and the specter of municipalization.
By Kavya Balaraman • Dec. 11, 2019 -
NorthWestern Energy unveils plan to buy 25% of Colstrip coal unit for $1
Utility officials noted that building a gas-fired plant with the same capacity could cost about $240 million while wind + storage "could cost several billion dollars and still not provide equivalent capacity."
By Robert Walton • Dec. 11, 2019 -
Dive Awards
Utility of the Year: Hawaiian Electric
The "bleeding edge" company is taking a multi-faceted approach to tackling key challenges in the utility sector, using a range of tools to achieve its objectives.
By Larry Pearl • Dec. 9, 2019 -
Dive Awards
Executive of the Year: Mary Powell, Green Mountain Power
Powell is leaving her post at the end of the year, but created a new playbook for the investor-owned utility to continue to prioritize customer choice.
By Iulia Gheorghiu • Dec. 9, 2019 -
Dive Awards
The Utility Dive Awards for 2019
The annual awards highlight the biggest trends in innovation in the electric utility sector: from penciling out electrification efforts to pioneering new revenue streams for distributed resources.
Dec. 9, 2019 -
Vineyard Wind wins 804 MW bid for offshore wind in Connecticut
The developer had submitted proposals to deliver up to 1,200 MW in the state.
By Iulia Gheorghiu • Dec. 6, 2019 -
California proposal rejects wildfire premium in PG&E, other utilities' ROE
Regulators said recent state legislation removed the need for a premium by eliminating wildfire risk exposure for investor-owned utilities.
By Kavya Balaraman • Dec. 4, 2019 -
House clean energy tax bill sees broad industry support, but Senate path uncertain
The draft legislative package, introduced Nov. 19, adds energy storage and offshore wind, while extending solar and electric vehicle tax credits.
By Iulia Gheorghiu • Nov. 20, 2019 -
Photo illustration by Danielle Ternes/Utility Dive; photographs by Martin Prescott and tampatra via Getty Images
Deep DiveSatisfying utility customers is getting much harder. AI is helping, despite data challenges
Utilities are leveraging algorithms and machine learning in various ways, ranging from mundane to ambitious, to improve the customer experience.
By Iulia Gheorghiu • Nov. 15, 2019 -
Judge OKs $8.6M Vistra coal plant closure settlement seen by NGOs as model for helping impacted communities
The agreement to close the E.D. Edwards plant in Illinois calls for a community-led process to transition the surrounding areas rather than the abrupt closure that many coal plants are going through, one NGO noted.
By Larry Pearl • Nov. 14, 2019 -
Hawaiian Electric defends management, renewables approach amid investor dissatisfaction
ValueAct Capital Management wants to see a shakeup at the parent company of utility Hawaiian Electric. Some observers agree.
By Robert Walton • Nov. 14, 2019 -
Entergy Texas, Georgia Power lead on business customer satisfaction amid growing divide: JD Power
While satisfaction is rising, the marketing research company found the gap between the highest- and lowest-performing utilities is now at a 13-year high.
By Robert Walton • Nov. 13, 2019 -
PG&E raises wildfire compensation offer to $13.5B as California turns up pressure
Gov. Gavin Newsom had asked a bankruptcy judge to delay a previous, smaller deal to compensate wildfire victims. And more cities are asking for a public takeover of the embattled utility.
By Robert Walton • Nov. 12, 2019 -
Deep Dive
In the 'cat and mouse game' of utility cyberattacks, AI and machine learning show promise, limits
"There is so much low hanging fruit in utility system challenges that can be addressed by advanced data analytic strategies that AI and machine learning are not the place to start," a cybersecurity expert said.
By Herman K. Trabish • Nov. 7, 2019 -
Dominion Virginia plan for 1.5 GW new peaking capacity will lead to more gas plants, NGOs fear
The utility released a request for proposals yesterday, saying it needs the new capacity beginning in 2022 to replace generation retirements and provide system balancing needs for its growing renewables fleet.
By Robert Walton • Nov. 7, 2019 -
Tesla, Walmart settle lawsuit over fires; solar panels to remain in place
Walmart and Tesla have settled a lawsuit in which the big box retailer alleged the company's solar panel installations caught fire and caused millions in damages.
By Robert Walton • Nov. 6, 2019 -
FirstEnergy nears proposal to decouple Ohio utility revenues, electricity consumption: CEO
The plan "fixes our base revenues" and makes part of the company "somewhat recession-proof," Chuck Jones said during the company's Q3 earnings call.
By Larry Pearl • Nov. 5, 2019 -
Canadian pension fund pays $6B for Pattern Energy's 4.4 GW renewables portfolio in latest yieldco deal
Remember yieldcos? Experts say large funds see opportunity in the renewable energy investment options whose shares have often languished.
By Robert Walton • Nov. 5, 2019 -
California governor floats PG&E takeover, moves to expedite bankruptcy proceeding
Governor Gavin Newsom called for a meeting this week between state officials, the utility, its creditors, its shareholders and wildfire victims, to "accelerate a consensual resolution."
By Robert Walton • Nov. 4, 2019 -
Exelon CEO cites moves to ensure actions 'beyond ethical reproach' in face of lobbying controversy
A grand jury is investigating lobbying activities related to pending Illinois clean energy legislation. Without progress on the bill by the spring, the company will move to shut down four nuclear plants in the state, Chris Crane said.
By Larry Pearl • Nov. 1, 2019 -
Vogtle opponents get new chance to press case in court as plant manager reprimanded for firing whistleblower
The $27 billion nuclear project is more than 80% complete, Southern Company CEO Tom Fanning told analysts on the company's Q3 earnings call, but potential legal roadblocks remain.
By Lynn Freehill-Maye • Oct. 31, 2019