November 5, 2024

Company News

PG&E
PG&E Looks to Cut Costs of Undergrounding Lines
Pacific Gas and Electric said burying power lines more shallowly would trim the costs of its $25 billion plan to underground 10,000 miles to prevent wildfires.
Edison Electric Institute
PNM, Avangrid Optimistic About Merger Prospects
While PNM awaits a court decision that could revive a merger with Avangrid, PNM officials say they’ll keep running the company like it’s a standalone business.
Gov. Greg Abbott via Twitter
Vistra Bolstering its Zero-carbon Generation
Vistra says its excited about its recent acquisition of Energy Harbor, which will more than double the company’s zero-carbon generation currently online.
Duke Energy
Duke Energy Sees Earnings Fall on Warm Winter Weather
Warm weather in its service territories led to lower earnings for Duke in Q1, but CEO Lynn Good told investors that the firm should make up for it this summer.
Constellation Energy
Constellation CEO: Nuclear PTC Could Extend Reactors’ Life to 80 Years
Constellation says the IRA's tax credits for nuclear could boost its profits by $100 million per year and help extend the life of its reactors to 80 years.
Revolution Wind
Eversource CEO Gives Update on Offshore Wind Sale
Eversource expects to reach a deal this quarter to sell off its offshore wind interests, CEO Joe Nolan said during the company's earnings call.
National Grid
National Grid Proposes Quebec-New England Transmission
National Grid proposed a 1.2-GW transmission project to carry power from Quebec hydroelectric plants to southern New England through Vermont and New Hampshire.
Dominion Energy
Dominion Sees Earnings Drop, but CEO Blue Predicts Bright Future
Dominion Energy said warm weather in the first quarter of this year led to lower operating earnings of 99 cents/share, compared to $1.18 a year earlier.
Electric cat, CC BY-SA 3.0, via Wikimedia Commons
AEP Continues to ‘De-risk’ its Businesses
AEP says it plans to sell its AEP Energy competitive retail business in PJM as it continues to simplify and de-risk its operations.
Filsinger Energy Partners
PG&E’s Distribution System Needs Replacing, Monitor Says
The independent safety monitor appointed to keep watch on PG&E issued its second report, citing the utility's vast, aging distribution system as a main concern.

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