The Southeast’s traditionally risk-averse vertically integrated utilities are now embracing the clean energy transition, driven by economic development in the form of new industry and data centers.

Eversource Energy’s exit from the offshore wind business drove a $118 million loss in the third quarter of 2024, offsetting increased revenue from its electric and gas distribution business relative to 2023, the company told investors.

Resources for the Future released a report evaluating the Interagency Working Group on Energy Communities, a Biden administration effort to coordinate federal help to communities that lost jobs and other economic benefits from retiring coal plants and mines.

A one-in-a-thousand problem with a key foundation component is the latest setback in U.S. waters for Ørsted and is blamed for its latest nine-digit cost impairment.

Gov. Jay Inslee approved a revised plan for the largest wind turbine farm in Washington, stretching across 24 miles in the Horse Heaven Hills in the southeastern part of the state.

The NCUC approved Duke Energy's second Carbon Plan and Integrated Resource Plan, authorizing procurements of renewable energy, nuclear and demand response, while calling for its 8,000 MW of coal to be retired in 2036.

On top of its 350 MW of current data center load, PSEG has received formal applications for nearly 400 MW of new data center load and inquiries on over 1,200 MW in data center feasibility studies in new business.