Company News
The judge overseeing PG&E’s bankruptcy ruled against bondholders and insurers that wanted to offer their own reorganization plans for the embattled utility.
Lawyers representing PG&E and California wildfire victims argued over how to estimate the potential liability of the bankrupt utility.
Judge Dennis Montali heard lengthy arguments from bondholders and insurance companies over why he should end PG&E’s exclusivity period.
OGE Energy reported second-quarter earnings that beat Wall Street’s expectations and reflected economic growth in its service territory.
The judge overseeing PG&E’s bankruptcy questioned the utility’s attorney over an executive compensation package that includes $11 million in bonuses.
Exelon officials told investors that Illinois’ transition toward 100% carbon-free power can’t succeed without PJM market reforms.
CenterPoint Energy beat both analysts’ expectations and its performance a year ago by reporting second-quarter earnings of $165 million ($0.33/share).
Consolidated Edison’s second-quarter earnings fell by 19% to $152 million compared to the same period last year, despite an increase in revenue.
Eversource Energy’s earnings fell last quarter after writing off $204 million from its investment in the failed Northern Pass transmission project.
Talen Energy agreed to pay a $1 million fine after toxic waste from its Brunner Island plant seeped into groundwater and the nearby Susquehanna River.
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