Company News

New PG&E CEO Promises ‘Hometown Experience’
New PG&E CEO Patti Poppe vowed change as she laid out her vision for the utility, which reported a loss of $1.05/share for 2020.
Experts Urge Grid Hardening amid Decarbonization Push
Electricity industry experts wrestled with how the Midwest grid can fully decarbonize while facing increasingly common extreme weather events.
Entergy Profits Unscathed by Storms, Virus
Vicious storms and an ongoing pandemic failed to hobble year-over-year profit growth, Entergy executives said.
Exelon
Exelon to Split Tx, Generation Businesses
Exelon plans to separate its regulated transmission and distribution utilities from its merchant power generation business.
Developer to Use Union Labor for New Jersey OSW Project
The developer of a proposed offshore wind project in New Jersey has signed an agreement to employ union workers for construction and operation.
CenterPoint, Hedge Fund not Affiliates, FERC Rules
FERC rejected a claim that CenterPoint Energy concealed $625 million equity investment from a hedge fund manager that brought on new management.
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.

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