Company News

Advocates Fear Cut in Minnesota Solar Rate Could Slow Growth
Solar advocates in Minnesota expect a slowdown in development under the Community Solar Gardens program after regulators cut the rate for bill credits.
Ohio Lawmakers Struggle to Undo Nuclear Subsidy
Ohio lawmakers are considering multiple bills to undo the $1 billion nuclear plant bailout for FirstEnergy, though none outright repeals the law.
Green Transition Sparks Comeback for Utility Securitizations
Utility securitizations are making a comeback as power companies & state governments seek ways to deal with the huge costs associated with decarbonization.
Utility Group Wants to Cover Southeast’s Highways with DC Fast Chargers
Six utilities in the Southeast, including AEP, Duke and TVA, have banded together with a plan to create “a seamless network” of fast-charging EV stations.
Vistra Stock Plunges After Market Losses
Vistra said it expects to take a $1.3 billion financial loss because of the state’s massive power outage and its subsequent effects on the ERCOT market.
ERCOT’s Brazos Electric Declares Bankruptcy
Brazos Electric Power Cooperative filed for Chapter 11 bankruptcy, saying it was unable to pay ERCOT $2.1 billion in unexpected charges.
PSEG Presses for Higher Nuke Subsidies
PSEG used the company’s earnings call to lobby for increased nuclear subsidies and said it expects to sell its non-nuclear generation by the end of 2021.
CenterPoint, OGE Look to Exit Enable
CenterPoint and OGE said Energy Transfer’s acquisition of Enable Midstream will allow them to focus on moving to a fully regulated utility business model.
Avangrid CEO Touts Renewable Energy Future
Avangrid touted its installation of nearly 620 MW of new wind projects last year and said it is poised to solidify its clean energy position in 2021.
AEP CEO Calls for More Stringent Reliability Measures
American Electric Power CEO Nick Akins called for stepped-up reliability measures following a winter storm that ravaged the Texas grid.

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