September 30, 2024

Company News

Shutterstock
Report Faults Top Firms on Emission Incentives for CEOs
Many large greenhouse gas emitters incentivize their executives insufficiently or not at all to reduce those emissions, a corporate watchdog group reported.
Kentucky Power
AEP Accepts Lower Price for Kentucky Operations Sale
AEP and Liberty Utilities have struck an amended sale agreement that cuts the price of AEP Kentucky operations by $200 million and extends the deal's timeline.
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Maryland County’s Electric School Buses to Provide Synch Reserves for PJM
A Maryland school district is expanding its partnership with Highland Electric Fleets to electrify its buses to use as distributed energy resources in PJM.
JPxG, CC BY-SA 4.0, via Wikimedia Commons
PG&E Moves to Spin off Generation, Sell Minority Stake
PG&E asked the CPUC to approve a plan that would allow it to sell a stake in a new generation subsidiary, with proceeds to be used to fund capital investment.
Global Clean Energy Action Forum
Despite Record US Climate Funding, Philanthropies Still See Role in Clean Energy Innovation
Record government spending will not mitigate climate change without philanthropy continuing its role, speakers told the Global Clean Energy Action Forum.
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NV Energy Seeks Recovery of RTO-related Expenses
NV Energy is seeking approval from Nevada regulators to establish an account for tracking expenses related to its efforts to join an RTO by 2030.
FirstEnergy
FirstEnergy CEO Abruptly Retires, Without Severance
FirstEnergy abruptly replaced CEO Steven Strah with the chair of its board of directors, John W. Somerhalder II, citing the former's “decision to retire.”
White Construction Co.
Judge Approves Brazos Chapter 11 Exit Plan
A U.S. bankruptcy judge has conditionally approved Brazos Electric’s proposed exit from bankruptcy and settlement with ERCOT over winter storm charges.
Cal Fire
Utilities File Incident Reports in Latest California Wildfires
PG&E and Southern California Edison have filed incident reports with the California PUC related to the two largest wildfires burning in the state.
Fluor
ERCOT, Brazos Reach Agreement in Bankruptcy Case
Brazos Electric has offered to pay ERCOT as much as $1.44 billion, settling its dispute with the Texas grid operator over market prices after the winter storm.

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