Corporate News: Page
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Frito-Lay: Matt Fenton, senior site director, Frito-Lay Modesto; Mike O'Connell, vice president, supply chain, PepsiCo; Dr. Alexander Sherriffs, board member, California Air Resources Board
Frito-Lay targets zero emissions at California freight hub with EVs, storage, renewables
As part of the company's goal to cut emissions 20% by 2030, Frito-Lay plans to remove and replace all diesel powered freight equipment at its Modesto, California, facility.
By Morgan Forde • Oct. 8, 2019 -
GE to freeze pension plans in effort to shrink deficit
In order to pare down its mounting debts, GE is taking action against the pensions of several thousand U.S. employees.
By Jane Thier • Oct. 8, 2019 -
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 -
PG&E announces $34.4B in debt financing heading into 2nd round of exclusivity fight
On Monday, Judge Dennis Montali will hear arguments from creditors who want to propose their own plan.
By Robert Walton • Oct. 7, 2019 -
Hospital electrification will lead corporate renewable procurement in next 5 years: Deloitte
Interest from corporations in renewable energy creates opportunities for utilities to offer green tariff programs, Deloitte's U.S. renewable energy principal said.
By Iulia Gheorghiu • Oct. 3, 2019 -
Opinion
Ford, Dow and other Michigan companies want renewable energy, so why aren't they buying more?
Green tariffs from Michigan utilities are relatively new, and most corporate customers are still exploring whether they can use these programs to meet sustainability goals while receiving competitively priced energy.
By Laura Sherman • Oct. 2, 2019 -
California regulators launch investigation into PG&E's reorganization plan
The California Public Utilities Commission opened a formal proceeding to consider "ratemaking and other implications" of Pacific Gas & Electric's plan to extricate itself from bankruptcy.
By Robert Walton • Sept. 30, 2019 -
The future of energy storage is here: An inside look at Rocky Mountain Power’s 600-battery DR project
The 12.6 MWh Utah project uses solar and battery systems as a virtual power plant.
By Iulia Gheorghiu • Sept. 30, 2019 -
Uber, EVgo partner to expand ride-share electrification
The companies signed an MOU to research use of EVs on the platform and assess where more charging infrastructure is needed.
By Jason Plautz • Sept. 27, 2019 -
PG&E noteholders propose injecting $29.2B in utility in exchange for majority stake
Pacific Gas & Electric's period of exclusivity comes to an end today, but the utility asked for a two-month extension to be the only party that can propose a plan for reorganization due to recent progress.
By Robert Walton • Sept. 26, 2019 -
Opinion
The energy transition: A $4.3T, underfunded opportunity
The venture capital industry in energy is almost non-existent, something that is particularly odd given the size of the opportunity, writes Intelis Capital Partner Kevin Stevens.
By Kevin Stevens • Sept. 25, 2019 -
Tesla CEO Musk knew SolarCity was in trouble but still pushed for acquisition, lawsuit alleges
Tesla bought SolarCity in 2016 for $2.6 billion, but newly-unsealed documents claim "almost immediately after the acquisition closed, SolarCity's auditors E&Y confirmed that SolarCity was, in fact, insolvent."
By Robert Walton • Sept. 24, 2019 -
PG&E blasts $24B fire compensation plan as it risks losing control of reorganization
Wildfire victims teamed up with bondholders to propose a new plan in addition to the utility's proposed $17.9 billion settlement for fire claims.
By Robert Walton • Sept. 23, 2019 -
Orsted taps GE for 50% more efficient turbines in New Jersey, Maryland offshore wind projects
The Danish company's use of the 12 MW Haliade-X units is expected to move the global offshore wind market toward larger turbines, "which mean lower electricity costs for taxpayers and ratepayers," an industry expert said.
By Iulia Gheorghiu • Sept. 23, 2019 -
Retrieved from Amazon on September 20, 2019
Amazon buys 100K electric vans as part of net zero carbon goals
The e-commerce company revealed its total carbon footprint was 44.4 million metric tons in 2018, and it wants to achieve carbon neutrality 10 years ahead of the Paris Climate Accord's 2050 goal.
By Shefali Kapadia • Sept. 20, 2019 -
Google jumps to top of corporate renewable ladder, with 1.6 GW buy
The purchase includes 18 deals across three continents that make it the largest corporate acquisition of renewables ever, the company claims.
By Robert Walton • Sept. 20, 2019 -
FERC oversight battle heats up as Colorado regulators blast Tri-State petition
The state's Public Utility Commission has taken steps to regulate Tri-State's electric resource planning, and worries the utility views federal regulation as an escape hatch for its coal-heavy generation mix.
By Robert Walton • Sept. 19, 2019 -
DTE issues renewables RFP, targeting ownership, not PPAs
DTE Energy's request for proposals targets wind and solar resources coming online between 2021 and 2023 — a stretch of time when the utility has proposed to add up to 775 MW of renewables.
By Robert Walton • Sept. 17, 2019 -
PG&E reaches $11B insurance settlement over wildfire claims
Pacific Gas & Electric announced it reached a settlement with insurers related to the 2017 Northern California wildfires and 2018 Camp Fire. The $11 billion settlement is significantly lower than the $20 billion insurers say they were owed.
By Robert Walton • Sept. 13, 2019 -
Sunrun partnership enhances HECO's ability to tap into DER systems when power demand spikes
The developer has teamed up with OATI to offer 4.3 MW of capacity and fast frequency service to the Hawaiian Electric Company through 1,000 solar+storage systems across Oahu residences.
By Iulia Gheorghiu • Sept. 12, 2019 -
Pacifcorp sees 2 GW coal retirements, $599M savings by 2040 in latest planning scenarios
The utility continues to model coal retirement scenarios and has narrowed its preference to five options that include early coal shutdowns, new transmission, and wind and solar resources as part of its integrated resource plan.
By Robert Walton • Sept. 11, 2019 -
Santee Cooper forecasts coal phaseout, 1 GW new solar as base case for potential sale
The state-owned utility prepared the forecast at the direction of South Carolina legislators who are considering selling the company to pay off debt from the failed V.C. Summer nuclear project.
By Robert Walton • Sept. 11, 2019 -
PG&E reorganization plan includes $17.9B for wildfire claims, but funding remains uncertain
A more detailed reorganization plan must be filed with a federal bankruptcy court by Sept. 29, with a key question being how Pacific Gas & Electric will fund it.
By Robert Walton • Sept. 10, 2019 -
San Francisco offers PG&E $2.5B for city's grid
The city's offer is part of a plan to develop a municipal provider and came three days before the bankrupt utility is expected to propose a path to solvency.
By Robert Walton • Sept. 9, 2019 -
Arizona's chief utility regulator pressures APS to cut political spending
A lack of action by Arizona Public Service and its parent company, Pinnacle West, could impact the utility's next rate proceeding, according to Arizona Corporation Commissioner Bob Burns.
By Iulia Gheorghiu • Sept. 9, 2019 -
Cleco, SWEPCO shift coal plant use, target 2.8 GW renewables in latest resource plans
Southwestern Electric Power and Cleco Power, which co-own the Dolet Hills power plant, have adjusted the generator to seasonal dispatch in light of increasing costs for the fuel and other factors.
By Iulia Gheorghiu • Sept. 6, 2019