Company News

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.
EEI: Net Zero by 2035 ‘Incredibly Difficult’
The Edison Electric Institute is skeptical about its ability to meet the Biden administration’s goal of carbon-free electricity by 2035.
Utilities Urged to Improve EV Charging Efficiency
Utilities need to offer electric vehicle rate designs that will encourage customers to use EVs most efficiently, said Rachel Gold, director at ACEEE.
PG&E Files Wildfire Plan Under Intense Scrutiny
Pacific Gas & Electric submitted its latest wildfire prevention plan to the California Public Utilities Commission as it faces threats of intense scrutiny.
FERC Rejects GridLiance Local Tx Planning Proposal
FERC rejected GridLiance High Plains’ proposal to conduct local transmission planning for nonpublic SPP utilities outside of the company’s service territory

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