November 24, 2024

Company News

Edison International
SCE Sees Wildfire Risk Decline as Load Outlook Improves
Independent measures show Southern California Edison has sharply reduced its financial risk from catastrophic wildfires compared with pre-2018 levels, Edison International CEO Pedro Pizarro said.
Pacific Gas and Electric
PG&E Foresees Strong Growth from Electrification, Data Centers
California’s “leadership in electrification” will be a key driver of Pacific Gas and Electric’s expected customer growth over the next five years, CEO Patti Poppe said during an earnings call.
Dominion Energy
Dominion Sells 50% of Coastal Virginia Offshore Wind to Stonepeak
Dominion Energy reported earnings of $2 billion in 2023 and announced that it has closed on an equity partner for its Coastal Virginia Offshore Wind project. 
Worldview Films
Avangrid Avoids Major Offshore Wind Losses
Avangrid reported a year-over-year decrease in income but said a timely pause in its offshore wind projects saved it from write-offs that could have run into the billions.
EEI
EEI Briefs Wall Street on Business and Policy Goals for 2024 and Beyond
The Edison Electric Institute’s senior executives briefed Wall Street on the state of the utility industry and some of the policies it supports. 
PPL
PPL CEO Talks Energy Transition on Q4 Earnings Call
PPL plans to invest $14.3 billion in capital spending from 2024 to 2027, which would strengthen reliability and resiliency while enabling more clean energy and keeping a lid on costs for customers.
Georgia Power
Southern Looks Beyond Vogtle After Challenging 2023
Southern Co. is forecasting 5 to 7% annual earnings growth thanks to a robust economy in Georgia.
Energy Harbor
FERC Approves Vistra Purchase of Energy Harbor, Requires Divestment
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.
Con Edison
ConEd to Invest $20B in Tx and Climate Resiliency Through 2028
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.
South Fork Wind
Eversource Finds OSW Buyer, Takes $1.95B Hit for 2023
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.

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