October 3, 2024

Company News

PPL Close to UK Sale, Ramping up Investments
PPL officials are looking for the sale of its U.K. utility to help fund billions of dollars in clean energy and infrastructure investments in the U.S.
National Grid Explores Hydrogen for Home Heating
National Grid is participating in research to determine how to convert existing gas networks to support hydrogen that could be used for home heating.
FirstEnergy Shares Jump on Icahn Investment
FirstEnergy updated investors on the ongoing investigation into House Bill 6 and disclosed investor Carl Icahn is looking to acquire a stake in the company.
Con Edison 2020 Earnings down 18% YOY
Con Edison’s 2020 earnings were down 18% from the previous year because of lower C&I demand during the pandemic and costs from Tropical Storm Isaias.
Eversource Reports Profit Increase, Carbon Decrease
Eversource Energy earned $1.2 billion ($3.55/share) in 2020, a nearly 33% increase over 2019’s earnings of $909.1 million ($2.81/share).
CEOs Seek Scalable Climate Solutions
A group of companies has formed the Net Zero Business Alliance to combat climate change and work with policymakers to achieve net-zero emissions.
Energy Transfer to Acquire Enable Midstream
Energy Transfer said it has entered into an agreement to acquire Enable Midstream Partners in a $7.2 billion all-equity transaction.
Green Bonds Must Attract More Investors, Panel Says
The market for bonds that address climate change is flourishing, with issuances that now exceed $1 trillion, but that still falls short of what is needed.
Southeast Seeks FERC OK for Expanded Bilateral Market
Utilities and co-ops in 11 Southeastern states asked FERC for permission to expand bilateral trading in the region and allow 15-minute energy transactions.
Duke Plans for $59 Billion in Capital Investment
Duke Energy executives said they have put the challenges of 2020 behind them, predicting a 5 to 7% annualized increase in earnings per share through 2025.

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