S&P: Utility financials largely stable, growth outlook uncertain

The firm also anticipates "modest to flat growth" next year for independent generators, predicting that power prices could strengthen in the PJM market "because energy price reforms appear likely."

By Robert Walton • Nov. 19, 2018

California PUC chair says state won't let PG&E go bankrupt

The utility withdrew its revolving credit lines this week as its equipment was linked to the deadly Camp Fire, a move that can presage a bankruptcy filing. 

By Gavin Bade • Nov. 16, 2018

Explore the 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

48% of power and utility CEOs think cybersecurity attack is inevitable: KPMG

A little over half the executives surveyed feel prepared to identify a cybersecurity threat and 59% said cybersecurity specialists were the most important new role at their company.

By Catherine Morehouse • Nov. 16, 2018

Customer preference shifts from utilities to third-party providers for rooftop solar, EV: Cogent

Only 47% of consumers surveyed prefer utilities as their solar provider, down from 68% last year, suggesting utilities need stronger brand management.

By Iulia Gheorghiu • Nov. 15, 2018

EY: Q3 power transactions reach record $241B globally

U.S. deals are valued at $28.8 billion this quarter, a 7% increase from Q2, driven largely by cheaper gas and renewables, according to an Ernst & Young Q3 report. 

By Catherine Morehouse • Nov. 14, 2018

PG&E debt drawdown raises concerns of potential bankruptcy due to fire costs

The utility withdrew all the cash from its revolving credit lines on Nov. 13, a move financial experts say could presage a bankruptcy filing or other serious financial problems for the utility.

By Gavin Bade • Nov. 13, 2018

AEP to spend $2.7B on renewables, $24.9B on T&D in next 5 years

American Electric Power plans to use the majority of its five year budget on transmission and distribution operations to "enhance service for customers."

By Robert Walton • Nov. 13, 2018

Report: CPUC launches PG&E, SCE probes after 3 deadly fires

Lawsuit threats loom after two of the state's largest investor owned utilities alerted regulators to transmission issues near ground zero of blazes that started last week.

By Iulia Gheorghiu • Nov. 13, 2018

Duke, Dominion issue $1.3B in green bonds

Dominion plans to use the bonds to reimburse for its solar investments while Duke said it would use bonds to fund solar and energy projects.

By Robert Walton • Nov. 12, 2018

Greenlots and Volvo to partner on charging infrastructure for electric trucks

The project in Southern California is supported by a $44.8 million state grant and will include both DC fast chargers and level 2 chargers.

By Jason Plautz • Nov. 12, 2018

NantEnergy acquires Sharp Electronics energy services, storage business

Sharp's energy systems business has an active project pipeline exceeding 60 MW of commercial and industrial solar-plus-storage installations in the United States, the companies said.

By Robert Walton • Nov. 9, 2018

Storage will replace 3 California gas plants as PG&E nabs approval for world's largest batteries

Installation of more than 2,200 MWh of storage will be the first time a utility directly replaces multiple major fossil fuel generators with batteries.

By Gavin Bade • Nov. 9, 2018

Exelon, PSEG have highest business risk among 34 utilities in Moody's report

All things being equal, the ratings agency says utility holding companies converge at a lower medium grade credit rating. But all things are not equal.

By Robert Walton • Nov. 8, 2018

Ballot initiative flops mask strong election for clean energy

The failure of high-profile ballot initiatives in Arizona and Washington came amid wins for renewable energy supporters in key gubernatorial races.

By Gavin Bade • Nov. 7, 2018

Investment firm Ullico buys 24% stake in 1.3 GW renewables portfolio

The firm is nearly doubling its wind and solar portfolio with its investment in sPower, co-owned by AES and the Alberta Investment Management Corporation.

By Iulia Gheorghiu • Nov. 7, 2018

GE to sell energy efficiency business amid power division restructuring

The company expects a slew of other transactions to close as part of a $20 billion sell-off program, in addition to Current, which will continue operating under the GE brand.

By Iulia Gheorghiu • Nov. 7, 2018

Texas generators, utilities square off at PUC over storage ownership

The Texas regulatory docket will determine which companies get to own battery storage and other non-traditional grid technologies in the state. 

By Iulia Gheorghiu • Nov. 6, 2018

PG&E defends planned outages as 'last resort' tool to prevent wildfires

The utility has incurred more than $2 billion in costs related to wildfires this year and faces billions more in potential liability, putting a premium on efforts to avert such disasters.

By Robert Walton • Nov. 5, 2018

Vogtle in sight as money pours into Georgia regulator race

Competition for two Public Service Commission seats has become increasingly heated as Republican incumbents garner support from individuals affiliated with Southern Company.

By Iulia Gheorghiu • Nov. 2, 2018

GM calls for national EV sales program

The automaker said a mandate could get more than 7 million on the roads by 2030, although environmentalists derided the plan as "trying to gaslight the American people."

By Jason Plautz • Oct. 30, 2018

GE to restructure power division amid expanded SEC, DOJ probe

The company took a $22 billion write-down last quarter related to its power business — a charge federal investigators are now scrutinizing. 

By Gavin Bade • Oct. 30, 2018

US on pace for record coal retirements in 2018, IEEFA finds

The U.S. will retire 15.4 GW of coal capacity this year, the clean energy think tank reported, "easily" exceeding the previous record of 14.7 GW of coal shutdowns in 2015.

By Gavin Bade • Oct. 30, 2018

Dominion proposes to buy SCANA with larger rate cut, no up-front refunds

South Carolina Electric & Gas customers would see greater bill reductions under the plan, but not the $1,000 refund Dominion pushed in the wake of efforts to recover spending on the V.C. Summer nuclear project.

By Robert Walton • Oct. 29, 2018

NextEra: Wind will be competitive after PTC sunset due to price declines

"Taller towers, longer blades, better electronics" will help wind prices continue to decline over time, according to Armando Pimentel, president and CEO of NextEra Energy Resources.

By Robert Walton • Oct. 24, 2018

Virtual contracts drive a boom in corporate renewables procurement

As options for renewable energy purchase agreements grow, more businesses are coming into the market voluntarily.

By Herman K. Trabish • Oct. 23, 2018