October 2, 2024

Company News

Con Edison Q1 Earnings up Nearly 12% YoY
Con Ed reported first quarter net income of $419 million ($1.23/share), up nearly 12% compared with $375 million ($1.13/share) from a year ago.
Algonquin Gas Appeals FERC Order on Weymouth Compressor
Algonquin Gas filed a petition with the D.C. Circuit Court of Appeals for review of FERC's order to establish a briefing on the Weymouth Compressor.
Canadian EV Co. Lion Electric to Build Truck, Bus Factory in Illinois
Canadian EV manufacturer Lion Electric plans to build a plant in Illinois to produce medium- and heavy-duty urban trucks and school buses.
Duke Sees Coming Rebound from COVID Sales Slump
The momentum of the post-COVID-19 recovery and Duke’s progress to a net-zero system by 2050 were key themes in the company’s first-quarter earnings call.
LS Power Challenges Dominion FRR Plan
LS Power asked FERC to block Dominion from opting out of PJM’s capacity auction, saying the RTO violated its rules by accepting the utility’s FRR election.
Eversource Q1 Results Reflect $30 Million Conn. Penalty
Eversource Energy said that shareholders would shoulder the cost of $30 million in penalties the Connecticut PURA laid down regarding Tropical Storm Isaias.
Revamped Texas PUC Faces ‘Heavy Lift’
Texas’ newest PUC commissioners conducted their first open meeting with a workload that included approving Avangrid's acquisition of PNM.
PPL
PPL Highlights UK Sale, Narragansett Acquisition in Earnings Call
PPL is inching closer to the finalization of the sale of its U.K. utility while moving ahead with the acquisition of Narragansett Electric.
CenterPoint Energy
CenterPoint, OGE Put February Storm, Enable Midstream Behind Them
CenterPoint Energy and OGE Energy delivered positive first-quarter earnings, a year after taking financial hits from their Enable Midstream joint venture.
Conn. PURA Hits Eversource, UI with Civil Penalties for Isaias Response
The Connecticut PURA proposed massive civil penalties for Eversource and United Illuminating following their inadequate response to Tropical Storm Isaias. 

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