Company News

CMS Energy Stays Course Despite Virus Havoc
CMS Energy said it will stick to planned long-term investments and complete decarbonization plans despite uncertainties by the ongoing COVID-19 pandemic.
Judge Orders PG&E to Improve Line Inspections
The judge in charge of PG&E’s criminal probation imposed new conditions requiring the utility to do better to avoid starting wildfires.
DTE to Cut Spending in Response to Pandemic
DTE Energy will cut $60 million in operations and maintenance expenses to counteract sagging energy sales caused by social distancing measures in Michigan.
FERC: New Goldman Unit an Affiliate
FERC granted Goldman Sachs Renewable Power Marketing authority to make market-based sales but said it would consider it an affiliate of The Goldman Sachs Group investment bank despite its objections.
PG&E Seeks to Finalize Deal with FEMA, Calif. Agencies
The judge overseeing PG&E’s bankruptcy rebuffed the utility’s request to quickly approve agreements signed between it, fire victims and government agencies.
‘NextGrid’ Goes off the Rails
The Illinois Commerce Commission’s “NextGrid: Illinois’ Utility of the Future” study, which began with grand hopes years ago, ended with barely a whimper.
Ohio OKs FirstEnergy Brokerage Despite Protests
The Public Utilities Commission of Ohio approved Suvon, doing business as FirstEnergy Advisors, as a competitive retail electric service provider.
PG&E CEO Johnson Says He’ll Step Down
PG&E Corp. CEO Bill Johnson announced he would retire at the end of June, by which time the utility is hoping to exit bankruptcy.
NextEra Plans to Combine FPL, Gulf Power Utilities
NextEra Energy said that it will combine its FPL and Gulf Power utilities into a single entity that will stretch from the Panhandle to Miami Beach.
FERC Tweaks Entergy Bandwidth Decision
FERC reversed one part of a decision on the long-disputed bandwidth calculation Entergy used to equalize production costs among its operating companies.

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