Company News

DTE Energy
DTE Highlights Renewable Efforts, Wins Gas Plant Approval
DTE Energy is focused on plans to double its renewable energy capacity by the early 2020s and build a new, controversial $1-billion gas-fired plant recently approved by regulator.
Dominion
Dominion: ‘No Flexibility’ on SCANA Bid
South Carolina legislators continue to maneuver as if there is some room to negotiate the terms of a deal to sell SCANA to Dominion, but Dominion CEO Thomas Farrell emphatically rejected that presumption on a conference call to discuss the company’s Q1 2018 earnings.
PSEG to Pay $39.4M to Settle FERC Investigation
The energy trading arm of Public Service Enterprise Group (PSEG) agreed to pay $39.4 million to settle a FERC investigation into violations of PJM energy market bidding rules over 9 years.
TVA
NextEra Beats Wall Street’s Expectations
NextEra Energy beat analysts’ expectations and shattered last year’s first-quarter (Q1 2018) performance, reporting earnings Tuesday of $4.4 billion and $9.32/share, up from $1.6 billion and $3.37, respectively.
Vinyard Wind
Avangrid Posts Steady Q1 Income, Highlights Renewables
Avangrid on Monday said its first quarter (Q1 2018) earnings rose slightly on new rate plans and rising output from its wind fleet, and the company highlighted its growing opportunities in renewable energy — particularly offshore wind.
Invenergy
AEP: ‘Halfway There’ to Wind Catcher Approval
Buoyed by recent positive developments, American Electric Power CEO Nick Akins had several reasons Thursday to proclaim the company “in better shape than in the first quarter of last year.”
FirstEnergy Announces Mixed Earnings, Plan for FES Bankruptcy
FirstEnergy announced mixed Q1 2018 earnings along with a potential path to exit the bankruptcy of its merchant subsidiaries.
TexasAdmin
Texas Regulators Seek More Details on SPS Wind Project
The Public Utility Commission of Texas (PUCT) pressed Southwestern Public Service for more details to justify its plan to build 1.23 GW of wind generation even though it doesn’t need the capacity.
Vistra Energy
UPDATE: Vistra-Dynegy Merger Closes After FERC Nod
Vistra Energy said Monday it closed its acquisition of Dynegy following a FERC order concluding the $1.7 billion deal raised no competitive concerns.
AdminMonitor
Texas PUC Conditionally Approves Vistra-Dynegy Merger
The Texas PUC (PUCT) conditionally approved Vistra Energy’s $1.7 billion acquisition of Dynegy, allowing the combined company to avert a requirement that it divest generation.

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