Company News

CPUC, PG&E Agree to Record $1.9B in Penalties
The California PUC approved a settlement with PG&E that imposes penalties of more than $1.9 billion for safety and maintenance lapses that led to wildfires.
Enable Losses Slam CenterPoint, OGE Energy
Enable Midstream partners CenterPoint and OGE lost $1.2 billion and $492 million, respectively, following the partnership’s recent cutbacks.
NRG’s Q1 Retail Earnings Stave off COVID Declines
In an earnings call, NRG CEO Mauricio Gutierrez touted the company’s strong position despite the social disruptions stemming from the coronavirus pandemic.
COVID-19 Takes Bite out of AEP’s Q1 Earnings
American Electric Power can be counted among companies whose environment has been turned upside down by COVID-19, with Q1 earnings down sharply.
Exelon Bid to Keep Mystic Units Running Provokes Outrage
Exelon provoked ire among ISO-NE stakeholders after signaling it plans to keep its Mystic plant open after expiration of its cost-of-service agreement with the RTO.
Dominion Energy Earnings Impacted by Weather, Not COVID-19
Dominion Energy saw little load impact from the COVID-19 pandemic in the first quarter, but earnings were hurt by an abnormally warm winter season.
PSEG Turns Bullish on NJ FRR Option
PSEG CEO Ralph Izzo said it would be “logical” for New Jersey to abandon the PJM capacity market by adopting the fixed resource requirement option.
Vistra Earnings Up as it Readies for New Normal
Vistra Energy credited early actions to prepare for the impact of the coronavirus pandemic as it reported improved first quarter earnings.
Public Citizen Seeks Rehearing of El Paso Electric Order
Emboldened by its victory in an affiliate case involving Goldman Sachs, Public Citizen asked FERC to reconsider a ruling involving JPMorgan Chase.
PG&E Says Most Board Members Will Leave
PG&E Corp. said as part of its first-quarter earnings report that 11 of its 14 directors would be leaving its board.

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