Company News

Allete
FERC OKs Allete Securities Sale Prior to Acquisition
FERC has granted Allete permission to sell several hundred million dollars in securities to raise money for its clean energy transition.
National Grid
National Grid Plans $35B Investment in NY, Mass.
National Grid plans to invest $75 billion in its infrastructure over the next five years, nearly half of it in New York and Massachusetts. 
InvictaHOG, Public Domain, via Wikimedia Commons
Massachusetts DPU Approves Everett LNG Contracts
The Massachusetts Department of Public Utilities approved agreements between Constellation Energy and the state’s investor-owned gas utilities to keep the Everett LNG import facility operating through May 2030.
Iberdrola
Iberdrola to Take Full Ownership of Avangrid
Iberdrola is moving to acquire the 18.4% stake in Avangrid that it does not already own in a $2.55 billion deal.
PacifiCorp
FERC Denies PacifiCorp Formula Rate Change
FERC rejected PacifiCorp’s request to include in its Open Access Transmission Tariff the interest it pays when refunding advance payments such as interconnection study deposits.
Electric cat, CC BY-SA 3.0, via Wikimedia Commons
AEP Ohio Asks PUCO for Data Center-specific Tariffs
AEP Ohio is asking state regulators to create new tariffs that would force data center developers to pay for 90 to 95% of their projected electrical demand for their first 10 years of operation, even if they use less.
© RTO Insider LLC
SPP Board of Directors/MC Briefs: May 7, 2024
SPP CEO Barbara Sugg warned the RTO’s board and stakeholders that the grid operator faces new and stronger headwinds, even as it met its corporate goals’ first-quarter milestones.
Ameren
Ameren: MISO Missouri Capacity Shortfall Likely Inconsequential
Ameren executives have reassured shareholders that Missouri’s capacity shortfall beginning this summer is no cause for panic.
Bechtel
Wisconsin PSC: Missing Info in We Energies’ Oak Creek Coal-to-gas Plans
The Public Service Commission of Wisconsin said it’s missing several details from We Energies regarding its multiyear plan to substitute gas for coal at its Oak Creek Power Plant.
Eversource
Eversource Announces $500M Cut in Connecticut Investments
Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.

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