Corporate News: Page 52
-
Our 10 best stories of 2018
Our top stories of the year illustrate the decline of coal-fired generation and the numerous policy surprises that came out of the federal government this year.
By Gavin Bade • Dec. 21, 2018 -
In major restructuring, ABB shifts from heavy electrical manufacturing to distributed energy
ABB is turning to distributed generation in Europe, stepping back from the Asian market for heavy electric equipment through the sale of its power transmission business to Hitachi.
By Peter Maloney • Dec. 20, 2018 -
Explore the Trendline➔
Joe Raedle via Getty ImagesTrendlineTop 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 -
Merger, they wrote: Avista and Hydro One ask Washington regulators to reconsider rejection
The utilities seek a rehearing, saying the Utilities and Transportation Commission misunderstood the political risks related to their proposed $6.7 billion merger.
By Peter Maloney • Dec. 19, 2018 -
The image by DJSlawSlaw is licensed under CC BY-SA 3.0
South Carolina regulators approve Dominion acquisition of SCANA
The unanimous decision could end the battle over how to pay for the failed V.C. Summer nuclear project, but company officials say they will wait for the final order to close the deal.
By Robert Walton • Dec. 17, 2018 -
Deep Dive
As PacifiCorp and other analyses point to more coal shutdowns, replacement questions rise
A recent PacifiCorp analysis points to a growing trend among utilities, and analysts are watching to see how modeling and reliability issues can best be addressed as retirements continue.
By Herman K. Trabish • Dec. 13, 2018 -
Georgia Power seeks 540 MW of renewables in final REDI solicitation
Through its Renewable Energy Development Initiative, the Southern Company subsidiary is targeting 1,200 MW of renewable energy resources.
By Robert Walton • Dec. 11, 2018 -
JP Morgan enters $200M joint venture to fund solar+storage developer
8minutenergy Renewables received capital commitments from the investment bank and an affiliate of Upper Bay Infrastructure Partners to support its project pipeline of over 10 GW of utility solar and energy storage.
By Iulia Gheorghiu • Dec. 11, 2018 -
In first, Virginia regulators reject Dominion Integrated Resource Plan
Regulators said Dominion's power demand forecasts are unrealistically high, which could raise questions about a number of infrastructure investments, including the Atlantic Coast Pipeline.
By Gavin Bade • Updated Dec. 10, 2018 -
Colorado co-op seeks exit from coal-heavy Tri-State to pursue renewables
The Delta Montrose Electric Association asked regulators to set a fair price for it to exit the Tri-State Generation & Transmission Association.
By Gavin Bade • Dec. 7, 2018 -
Utilities not leveraging 'unique' advantages to address low pension funding: report
Utility pension plan funding levels are low relative to other sectors, SEI Institutional found, with a median funding level of 78%.
By Robert Walton • Dec. 6, 2018 -
Washington rejects Hydro One's acquisition of Avista, pointing to political, financial risks
The regulators' decision followed the dismissal of Hydro One's CEO and entire board, leading state regulators to conclude the merger would not protect customers from political turmoil in Ontario.
By Robert Walton • Dec. 6, 2018 -
Deep Dive
California utilities prep nation's biggest time-of-use rate rollout
Over 300 time-varying rates in 62 pilots have shown consumers can "understand and respond," but California’s three IOUs are dealing with more than 20 million people.
By Herman K. Trabish • Dec. 6, 2018 -
PacifiCorp shows 60% of its coal units are uneconomic
The Berkshire Hathaway subsidiary conducted the analysis as part of its 2019 integrated resource plan, finding that more considerations need further study "before future resource decisions are made."
By Iulia Gheorghiu • Dec. 5, 2018 -
ALEC members reject electricity competition resolution after EEI opposition
The vote at the meeting of the private conservative policy group illustrates the ongoing debate between backers of market competition and incumbent utilities keen to preserve monopoly power.
By Gavin Bade • Dec. 3, 2018 -
Dive Awards
Utility of the Year: Xcel Energy
The company is a leader in the U.S. power sector's transition to a clean energy future, making significant investments in renewable energy and electric vehicles while pursuing innovative business models.
By Larry Pearl • Dec. 3, 2018 -
Dive Awards
The Utility Dive Awards for 2018
The awards recognize the utility industry's top disruptors and innovators. These executives and companies are key leaders in the sector's pivotal transition.
By Utility Dive Team • Dec. 3, 2018 -
SDG&E urges quick action by California Supreme Court on wildfire cost recovery
Saying a state appellate judge that previously ruled against the company should have recused herself due to a conflict of interest, the utility filed a petition this week to recover $379 million from 2007 wildfire costs.
By Robert Walton • Nov. 30, 2018 -
Capital Dynamics, Tenaska to develop 2 GW of solar across the Midwest
The agreement envisions 14 projects across six states and would significantly boost solar capacity in a region poised for clean energy growth after several Democratic wins in the midterm elections.
By Catherine Morehouse • Nov. 29, 2018 -
FERC moves to narrow jurisdiction over utility mergers after FPA changes
Newly signed amendments to the Federal Power Act would set a $10 million minimum for the value of mergers and acquisitions that must receive pre-approval from FERC.
By Gavin Bade • Nov. 29, 2018 -
Florida Power & Light closes in on acquisition of Vero Beach utility
The $185 million deal is expected to result in significantly lower bills for Vero Beach customers as they become subject to FPL's lower rates.
By Robert Walton • Nov. 28, 2018 -
Legislation aims to shield PG&E from fire liability: 'Bankruptcy is not an option'
A California assemblyman is preparing to introduce legislation that would extend provisions of SB 901, passed earlier this year to limit utility liability from 2017 wildfires, to include fires this year.
By Robert Walton • Nov. 27, 2018 -
GM cuts jobs, ends models amid shift to electric and autonomous cars
The company has signaled that its future runs through full electric vehicles, promising to release more than 20 electric models around the world by 2023.
By Jason Plautz • Nov. 27, 2018 -
The image by DJSlawSlaw is licensed under CC BY-SA 3.0
SCANA agrees to settle $2B class action suit over nuclear costs
But the agreement is contingent upon South Carolina regulators approving Dominion Energy's bid to purchase SCANA and its principle subsidiary, South Carolina Electric & Gas.
By Robert Walton • Nov. 26, 2018 -
The image by DJSlawSlaw is licensed under CC BY-SA 3.0
Dominion offers 15% rate cut in updated bid to acquire SCANA
Dominion would lower rates even further than its previous two offers in its bid to acquire SCANA Corp. and its principal subsidiary South Carolina Electric & Gas.
By Robert Walton • Nov. 21, 2018 -
Deep Dive
New Microsoft contract could expand corporate renewable energy deals to smaller buyers
The "volume firming agreement" could mitigate some of the risk and volatility of renewable energy power purchase agreements, helping to expand procurement beyond large corporate buyers.
By Herman K. Trabish • Nov. 20, 2018