Company News
Dominion Energy announced Friday that executive vice president and co-COO Robert Blue will become president and CEO by Oct. 1.
Xcel Energy reported improved second quarter earnings despite a drop in sales due to the COVID-19 pandemic, citing lower expenses and favorable weather.
PG&E reported a loss of $3.73/share in the second quarter, driven mainly by $2.5 billion in costs to exit bankruptcy and help pay for the 2019 Kincade Fire.
The privately held Infrastructure Investments Fund completed its acquisition of El Paso Electric after a final regulatory check by the NRC.
The Illinois Commerce Commission questioned ComEd officials over the company’s agreement to pay a $200 million fine to settle bribery allegations.
Entergy reported second-quarter earnings of $361 million ($1.79/share), bettering 2019’s second-quarter performance of $236 million ($1.22/share).
AEP CEO Nick Akins said that his company is innocent of wrongdoing in the alleged bribery scheme that resulted in the passage of Ohio H.B. 6, echoing a similar protestation by FirstEnergy CEO Charles Jones.
NRG Energy said it will acquire competitive retailer Direct Energy from U.K.-based Centrica for $3.63 billion in an all-cash transaction.
NextEra’s FPL plans to propose a $65 million pilot project that will use unneeded solar energy to produce 100% green hydrogen through a 20-MW electrolysis system.
Ohio Gov. Mike DeWine said the state should repeal House Bill 6 in light of the federal bribery charges against House Speaker Larry Householder.
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