Corporate News: Page
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VW and Ford expand partnership on EVs, AVs
Volkswagen will invest $2.6 billion in Argo AI, signaling the latest collaboration between major automakers adapting to new mobility trends.
By Jason Plautz • July 15, 2019 -
NV Energy will utilize power shutoffs to reduce wildfire risks
The strategy is similar to utilities' approach in California. While high winds are typically the main force behind a proactive power shutoff, NV Energy says "no single factor" will drive its decisions.
By Robert Walton • July 15, 2019 -
Explore the Trendline➔
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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 -
Private equity investment in storage expected to increase as ECP buys Convergent
Experts say private equity fund Energy Capital Partner's acquisition of an energy storage developer is a validation for the sector and could lead to more investments going forward.
By HJ Mai • July 12, 2019 -
Democratic AGs press for PJM CEO focused on climate, states' rights
Maryland, Delaware and D.C.'s attorneys general want the grid operator to have a president who won't treat state clean energy preferences as "out-of-market distortions."
By Iulia Gheorghiu • July 11, 2019 -
Opinion
Utility post-merger savings: Data can enable or impede them
The benefits of scale and standardization exist for those companies that intend to grow through acquisition, but they must be ready to adopt a less collegiate approach to the integration of their targets.
By David Price • July 9, 2019 -
PNM proposes gas, solar+storage mix as cheapest option to replace San Juan coal plant
The utility also modeled fossil fuel-free scenarios, but is not interested in making the large investment in battery technology that would be required.
By Iulia Gheorghiu • July 3, 2019 -
Xcel Minnesota plans to retire 2.4 GW of coal, critics say natural gas has too big a role in IRP
The utility's preferred plan also includes more than 700 GWh of annual energy efficiency savings, but environmental advocates say it will never fully decarbonize if it is "taking one step back for every two steps forward.”
By Robert Walton • July 3, 2019 -
Chubb is first insurer to cut ties with coal, utilities say impact minimal
The coal industry received another blow as Chubb became the first big U.S. insurer to stop selling policies or investing in coal-related activities.
By HJ Mai • July 2, 2019 -
Volkswagen launches EV car-sharing program
WeShare consists of entirely electric vehicles, a rarity in car-sharing programs, and doesn't require users to drop off vehicles at fixed locations.
By Katie Pyzyk • July 1, 2019 -
Virginia regulators approve revised Dominion IRP, but warn about understated costs
Customer advocates called the State Corporation Commission's decision "unconscionable." The utility says warnings of higher bills tell "only part of the story."
By Robert Walton • June 28, 2019 -
NERC CEO: Western RC transition is 'single largest risk of reliability in front of us'
Jim Robb said Wednesday that certifications will culminate in five separate reliability coordinators in the Western Interconnection around the start of 2020.
By Iulia Gheorghiu • June 27, 2019 -
PG&E bondholders propose $30B reorganization plan, new name: Report
Under the proposal, Pacific Gas & Electric could become "Golden State Power Light & Gas Co." and pay up to $18 billion in wildfire claims.
By Robert Walton • June 26, 2019 -
Split up? Increase oversight? Eliminate holding company? PG&E's future is now open for comment
California regulators are considering a range of options to improve PG&E's safety culture, including breaking apart its gas and electric service or tying its rate of return on equity to safety performance metrics.
By Robert Walton • June 26, 2019 -
NV Energy to add 1.2 GW solar, 2.3 GWh storage as large customer exit slows
The capacity will be divided among three projects and help the utility exceed its goal of doubling renewable energy output by 2023.
By Catherine Morehouse • June 25, 2019 -
PSEG Power could lose $415M on exit from 2 Pennsylvania coal plants
PSEG made strides to clean up its generation mix and says its remaining coal assets have either been sold or scheduled for early retirement.
By Robert Walton • June 25, 2019 -
California governor to propose 'liquidity fund' to address wildfire costs
Gavin Newsom, D, will reportedly ask lawmakers to create the fund, which would be supported by $10 billion in bonds issued by the state's Department of Water Resources and has the support of PG&E's creditors.
By Robert Walton • June 21, 2019 -
Tendril buys FirstFuel as it pursues 'end-to-end' utility customer solutions strategy
The deal fits alongside Tendril's recent acquisition of EEMe and EnergySavvy, helping grow its utility customer experience and engagement solutions.
By Robert Walton • June 21, 2019 -
PG&E reaches $1B wildfire settlement with 18 public entities
The settlement resolves claims related to wildfires in 2015, 2017 and 2018. It does not include individual and business claims.
By Robert Walton • June 19, 2019 -
Congress pushes for storage, renewables to have same private investment incentives as fossil fuels
Two bipartisan bills introduced last week would shift tax policies to incentivize clean energy and carbon capture technologies.
By Robert Walton • June 17, 2019 -
The image by DJSlawSlaw is licensed under CC BY-SA 3.0
SCE&G customers could grab $146M in VC Summer settlement, largest in state history
A state judge finalized the settlement over the failed nuclear plant this week, which totals $2.2 billion in customer rate reductions and refunds.
By Robert Walton • June 14, 2019 -
California fire season starts with PG&E power shut-off in 5 counties
The utility turned off power to approximately 20,500 customers in Butte and Yuba counties over the weekend, citing dangerous conditions.
By Robert Walton • June 10, 2019 -
GE 'badly' misjudged the clean energy transition, costing investors almost $193B: IEFFA
The company is now working to grow its renewables business after a big bet on natural gas failed with the turbine market crash of 2015.
By Robert Walton • June 7, 2019 -
A renewable energy mutual fund? Starbucks charts new path with 146 MW procurement
The retailer announced a portfolio of three 15-year power purchase agreements through LevelTen Energy's platform within the ERCOT, SPP and PJM markets.
By Iulia Gheorghiu • June 6, 2019 -
Report: PG&E considers $11B fund to settle wildfire claims
The utility would direct about $400 million each year to the fund, under a proposal discussed with lawmakers and major shareholder representatives.
By Robert Walton • June 6, 2019 -
Opinion
No more swivel chairs: Utility customer service goes modern
Customer relationship management vendors are embracing an "App Store approach" that allows utilities to consolidate customer data and integrate third-party solutions on a single platform.
By Brian Bowen • June 5, 2019