October 3, 2024

Company News

NJ Scrutinizing JCP&L over FirstEnergy Bribe Probe
The New Jersey BPU voted to hold a public hearing on JCP&L in response to the ongoing bribery scandal involving its parent, FirstEnergy.
Whirlpool
Struggling PG&E Nabs CMS Energy’s CEO
CMS Energy CEO Patti Poppe will depart the Michigan-based utility to become CEO of California’s besieged PG&E, the companies announced.
PG&E Working to Improve Safety Blackouts
PG&E acknowledged it needs to get better at notifying local authorities and customers before shutting off power to prevent wildfires.
Evergy Disputes NextEra Purchase Offer
Evergy has pushed back against a media report that it recently rebuffed a $15 billion acquisition offer from NextEra Energy.
NARUC
Utility M&A Expert Gives NARUC a Scolding
Regulators respond to utility mergers by ceding leadership and underestimating negatives, author Scott Hempling told NARUC annual meeting attendees.
Con Ed Q3 Earnings up Despite COVID
Consolidated Edison reported third-quarter net income of $1.47/share, even as total revenue slipped because of the COVID-19 pandemic.
Chief Ethics, Legal Officers ‘Separate’ from FirstEnergy
FirstEnergy’s chief legal officer and chief ethics officer “separated” from the company, according to a filing with the SEC.
Report: Evergy Rebuffs NextEra Energy Bid
Evergy rebuffed NextEra's bid to acquire it in a $15 billion all-stock acquisition, according to Reuters.
Microsoft, Shell Discuss Decarbonization Partnership
Microsoft and Royal Dutch Shell discussed their strategic partnership on decarbonization efforts during a NECA webinar.
CenterPoint, OGE Mum on Enable Midstream
CenterPoint and OGE declined to answer questions on potential sales of their interest in Enable Midstream during their third-quarter earnings calls.

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