September 28, 2024

Company News

Advanced Solar Products
NJ Ready for Clean Energy Advance in 2024 After OSW Meltdown
Clean energy in New Jersey moved forward in 2023 with community solar and Advanced Clean Cars II, and in reverse with the shutdown of the Ocean Wind offshore development.
Empire Wind
Empire Wind 2 Cancels OSW Agreement with New York
Equinor and bp have terminated the offtake agreement with New York for the Empire Wind 2 project.
Shutterstock
Treasury, DOE Issue Proposed ‘FEOC’ Rules for EV Tax Credits

As U.S. automakers pull back on plans to invest heavily in electric vehicles, claiming sales are not growing as fast as expected, the Treasury Department and Internal Revenue Service issued new guidelines on the federal tax credits for EVs that could further slow sales.

WKRC
Former Ohio PUC Chair Charged with Bribery
Former PUCO Chair Sam Randazzo pleaded not guilty to charges that FirstEnergy paid him $4 million in bribes before his appointment to aid the utility.
Senate ENR Committee
Senate Energy Committee Examines State of Advanced Nuclear Reactors
The Senate Energy and Natural Resources Committee on Thursday looked into the state of advanced nuclear reactors just weeks after NuScale Power and Utah Associated Municipal Power Systems terminated a once promising pilot project.
Dominion Energy
Report Questions Dominion IRP’s Call for New Natural Gas Plants
A report funded by Chesapeake Climate Action Network questioned Dominion's plans for new natural gas in its pending IRP.
South Fork Wind
Eversource Closer to Exiting OSW Venture with Ørsted
Eversource reported it's moving closer to the sale of its share of an offshore wind joint venture, and has substantially completed negotiations with a potential buyer.
Dominion Energy
Dominion Highlights Successful Offshore Wind Development on Q3 Call
Dominion Energy reported third quarter earnings and CEO Robert Blue discussed the firm's so-far successful development of an offshore wind project as others in the country face headwinds.
Delmarva Power & Light
Exelon Q3 Earnings Call Links Transmission Expansion to Rate Cases
"The energy transformation will last decades, not years, which is why we are confident that investment opportunities will continue to strengthen and lengthen our rate base growth,” CEO Calvin Butler said.
Duke Energy
Duke Earnings Slip on Low Demand, but Long-term Growth Expected
Duke Energy saw quarterly earnings slip due to low demand, but a growing economy and the transition to cleaner energy had its executives highlighting future growth opportunities on its earnings call Thursday.

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