Company News

FERC Approves FirstEnergy Sales to Affiliates
FERC approved two requests by FirstEnergy Corp. subsidiary FirstEnergy Solutions (FES) to sell power to Potomac Edison and West Penn Power.
FERC Won’t Rehear Entergy Refund Order on Off-System Sales
FERC refused to reconsider how Entergy should calculate ratepayer refunds resulting from Entergy Arkansas’ off-system sales.
OVEC Integration not up for Debate, PJM Says
PJM members are questioning a request by the Ohio Valley Electric Corp. to join as a new transmission zone, but the issue is not up for debate, the RTO said.
UPDATE: NERC CEO on Leave After Arrest for Domestic Violence
Gerry Cauley, CEO of the North American Electric Reliability Corp. (NERC) was arrested Friday for domestic violence at his home outside Atlanta.
GE Power
Exelon Gives up 4 of 5 Plants to Lenders in Chapter 11 Filing
Exelon will relinquish four Texas natural gas plants and pay $60 million to keep a fifth plant as part of its ExGen Texas Power subsidiary's bankruptcy.
CenterPoint Energy
CenterPoint, OGE in ‘Late-Stage’ Talks over Enable Midstream
CenterPoint Energy executives said the company is in “late-stage discussions” over its Enable Midstream Partners gas-gathering and processing joint venture.
PGE Earnings up 42% on Lower Expenses
Pacific Gas and Electric (PG&E) earnings jumped 42% to $550 million during the third quarter ($1.07/share), boosted in large part by reduced expenses.
CEOs See Dollar Signs in ZECs, PJM Price Formation
The CEOs of Exelon, PSEG and Dominion praised proposed price supports for nuclear and coal generators during their third-quarter earnings calls.
Eversource Q3 Earnings Flat on Mild Weather
Eversource Energy reported third-quarter earnings of $260.4 million ($0.82/share), down nearly 2% from the same quarter in 2016.
Con Edison Q3 Earnings Fall 8%
Consolidated Edison’s Q3 earnings fell 8% to $457 million ($1.48/share), a drop the company attributed to changes in its rate plan and regulatory charges.

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