Company News
FERC approved Vistra's purchase of Energy Harbor, which will allow Vistra to set up a new clean generation/retail firm while spinning off the combined firms' fossil plants into a separate subsidiary.
Consolidated Edison will invest nearly $20 billion over the next four years in transmission infrastructure as part of its Reliable Clean City initiative and to mitigate climate vulnerabilities.
Eversource finalized its long-running attempt to sell off its offshore wind assets, but not soon enough to avoid a $1.95 billion impairment for 2023.
Entergy regulatory staff revealed their vision for cost allocation on future long-range transmission projects, with multiple clean energy groups deeming the proposal incompatible with building a grid ready for the future.
Duke Energy reported an increase in projected load growth from economic development and migration at its 2023 year-end earnings call.
DTE Energy touted its investments in infrastructure and clean energy during its fourth-quarter earnings call, with earnings down 1%.
FERC granted American Electric Power waivers to alter the capacity obligation calculation for four of its vertically integrated utilities in PJM to not include load growth outside their territories.
FERC approved the return of $13.6 million in penalties it had collected from BP over a case of alleged manipulation of Houston Ship Channel natural gas prices after Hurricane Ike in 2008.
California regulators approved the penalty against Pacific Gas and Electric for the utility’s role in the the second-largest wildfire in the state’s history.
NextEra CEO John Ketchum said the company relied on 25 years of experience to navigate “clear headwinds for renewables” over the past two years.
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