October 2, 2024

Company News

BP CEO Explains Oil Co.’s ‘Net Zero’ Target
BP CEO Bernard Looney outlined the company's "net zero" pledge, which critics have questioned, at Columbia University's Global Energy Summit.
Walgreens Looks Beyond Buildings Milestone at DOE Summit
Walgreens is working on a smart buildings initiative to expand on the energy efficiency measures the company has implemented over the last decade.
Duke Energy
Duke Rejects Hedge Fund Elliott’s Breakup Pressure
Duke Energy rejected hedge fund Elliott Management’s proposal to break up the company into three regionally focused, publicly traded utilities.
PJM Monitor: Dominion Exit Likely to Cut Capacity Prices Outside Va.
PJM ratepayers will likely see capacity prices drop as a result of Dominion’s decision to exit the market, according to a report by the RTO’s Monitor.
Tri-State G&T
FERC Rejects Tri-State Exit Fee Proposal
FERC rejected Tri-State Generation and Transmission Association’s proposed procedural requirements for members seeking to withdraw from the cooperative.
PJM Must Consider Longer Asset Life for Generator
PJM must consider generator operating lives of more than 20 years under the unit-specific review process, FERC ruled just before the RTO's capacity auction.
Enbridge Defies Order to Close Mich. Pipeline
Enbridge refused to shut down part of its Line 5 pipeline, prompting Michigan Gov. Gretchen Whitmer to threaten to seize the company’s profits.
Xcel Energy CEO Fowke to Retire
Xcel Energy CEO Ben Fowke will retire after 10 years, having turned the company into one of the nation’s largest providers of wind energy.
PJM Defends Dominion FRR Filing
PJM defended its handling of Dominion Energy’s decision to opt out of the May 19 capacity auction, asking FERC to reject a complaint by LS Power.
BOEM Approves 800-MW Vineyard Wind I
The final approval of Vineyard Wind I by BOEM is expected to kick-start the approval of more plans in the offshore wind pipeline.

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