Corporate News: Page 55
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FirstEnergy takes reluctant step toward 3 nuclear plant closures
Still hoping for state support that would keep the plants running, the utility is planning to shutter two nuclear plants in Ohio and one in Pennsylvania.
By Robert Walton • Aug. 16, 2018 -
PJM prepares new capacity repricing rule in response to FERC order
The RTO is considering a resource specific carve-out, or "ReCO," as an alternative to the minimum offer price rule that FERC rejected.
By Iulia Gheorghiu • Aug. 16, 2018 -
FERC halts Atlantic Coast, clears 3 other pipeline projects in busy Friday
The decisions came hours before Republicans lost their one-vote majority on FERC. Until a replacement is confirmed, Democrats can deadlock agency votes.
By Gavin Bade • Aug. 13, 2018 -
Report: Tesla Solar Roof production delayed over product aesthetics, EV prioritization
Despite CEO Elon Musk's boasts about the installment of the undetectable renewable generating structure during Q2 calls, employees at New York's Gigafactory 2 reported production challenges and delays.
By Iulia Gheorghiu • Aug. 10, 2018 -
Deep Dive
An offer utilities can't refuse: The low cost of utility-scale solar
A new report finds even policy uncertainties have not stopped the growing partnership between utilities and solar.
By Herman K. Trabish • Aug. 9, 2018 -
SC Senate sues McMaster for overstepping in naming Santee Cooper chair
McMaster said the leadership position at Santee Cooper could not go unfilled as a board meeting is coming up this month.
By Iulia Gheorghiu • Aug. 9, 2018 -
Opinion
Four steps for utilities to improve engagement with small and medium businesses
Small and medium businesses are often underserved as energy customers, and utilities can find it challenging to engage them. However, four research-based steps outline how utilities and their partners can improve that engagement.
By Patty Durand, Austin Whitman • Aug. 9, 2018 -
Southern increases Vogtle nuke price tag by $1.1 billion
The plant will now cost $27 billion, more than twice the company's original estimate when it was approved in 2008.
By Gavin Bade • Aug. 8, 2018 -
Opinion
Eligibility questions for new tax exclusions breed uncertainty for US power sector
Determining whether a particular company qualifies for these exemptions will be a necessity — not just for tax return accuracy, but also in determining the value and viability of pending and future M&A activity.
By Brian Murphy • Aug. 8, 2018 -
Minnesota co-op breaks ground on first major storage projects in state
The 10 MW of solar joined with 30 MWh of batteries will be the largest combined facility owned by a U.S. co-op and is expected to save Connexus Energy $4 million a year through peak shaving.
By Catherine Morehouse • Aug. 7, 2018 -
Split FERC approves Spire pipeline, brushing aside self-dealing concerns
The only entity that signed contracts for the 65-mile pipeline is an affiliate of the project developer, leading critics to question if the project is truly necessary.
By Gavin Bade • Aug. 6, 2018 -
Corporate clean power purchases reach 7.2 GW, surpassing 2017 record
As more companies sign 100% renewables pledges, a Bloomberg report estimates they will need to buy another 197 TWh of clean energy by 2030.
By Catherine Morehouse • Aug. 6, 2018 -
Musk sees 'insane' fast growth for Tesla's energy storage business
Tesla executives predicted growth levels in 2019 of 300% to 400% for its energy storage business.
By Peter Maloney • Aug. 2, 2018 -
Deep Dive
Will lower cost renewables and natural gas accelerate PacifiCorp's generation transition?
A Sierra Club-commissioned study is aimed at moving PacifiCorp’s planning ahead and getting more coal "off the grid."
By Herman K. Trabish • Aug. 2, 2018 -
Report: PG&E considers breaking up company to avoid wildfire liability
The company and its utility subsidiary have been highly critical of California laws that allow for wildfire liability even if standards and regulations are met, warning of the threat of bankruptcy and reorganization.
By Iulia Gheorghiu • Aug. 2, 2018 -
Puerto Rico utility's new deal to relieve about $9B of debt
Debt consolidation may help clear the way for privatization of PREPA. News of the deal raised the value of PREPA's bonds by about 40% on Monday.
By Robert Walton • Aug. 1, 2018 -
Holtec to buy three nuclear plants, greatly accelerate decommissioning
Holtec is acquiring Oyster Creek from Exelon Generation as well as the Pilgrim and Palisades plants from Entergy. For the first two, Holtec plans to complete decommissioning in eight years.
By Robert Walton • Aug. 1, 2018 -
Macquarie Infrastructure to sell New Jersey gas plant for $900M
The New York ISO is depending on the 644 MW Bayonne Energy Center to help make up for capacity lost due to the exit of Entergy's Indian Point nuclear plant.
By Robert Walton • Aug. 1, 2018 -
Colorado regulators press forward with Black Hills TOU pilot
The Colorado Public Utilities Commission directed Black Hills Energy to develop a time-of-use rate pilot and file a proposal this fall.
By Robert Walton • July 27, 2018 -
NextEra's renewables backlog grows to 7.4 GW as customers anticipate lower costs
The company's record backlog includes many energy storage and solar projects slated for years in the future, as prices are expected to drop in the 2020s.
By Iulia Gheorghiu • July 27, 2018 -
Opinion
Utilities embrace data-driven, intelligent enterprise approach
As technology options grow, utility companies can use services such as the cloud to optimize efficiency, improve safety and develop new business models, according to SAP utilities director James McClelland.
By James McClelland • July 25, 2018 -
Report: SCANA, Dominion offered $1,500 refunds to escape Summer rate cut
The utilities wanted to increase support for their proposed merger and retain the ability to charge customers for the canceled V.C. Summer nuke, but lawmakers rejected their plan by wide margins.
By Robert Walton • July 24, 2018 -
Russian hackers infiltrated utility control rooms, DHS says
The hackers breached isolated utility networks thought to be secure and "got to the point where they could have thrown switches," Homeland Security officials said Monday.
By Gavin Bade • July 24, 2018 -
IPL rate deal largely avoids fixed charge hike
The utility had requested a $10 increase to fixed charges that opponents said would reduce distributed solar and harm elderly and low-income ratepayers.
By Iulia Gheorghiu • July 23, 2018 -
Peak Reliability to call it quits in 2019
The reliability coordinator for the majority of the Western Interconnection will begin to wind down after a year of providing services.
By Robert Walton • July 20, 2018