November 23, 2024

Company News

Basin Electric Power Cooperative
FERC Rejects Basin Electric Proposal for Crypto Rates
FERC rejected without prejudice Basin Electric’s proposed cryptocurrency and large load rate schedules, saying it had not demonstrated that such loads pose a greater stranded asset risk.
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Form Energy to Develop First Multiday Storage Project in New England
A major multiday energy storage project in central Maine intended to ease congestion is moving forward thanks to $147 million in federal funding.
Texas Senate
CenterPoint Energy Still in Eye of the Storm
Texas lawmakers and regulators are trying to figure out how a puny Category 1 hurricane could have caused the devastation in Houston that led to long-term outages, and CenterPoint Energy has borne the brunt of the scrutiny.
Entergy
FERC OKs $116M Settlement for New Orleans over Grand Gulf Nuclear Mismanagement
FERC sanctioned a partial settlement to resolve many of the New Orleans City Council's longstanding complaints over management of the Grand Gulf Nuclear Station.
FirstEnergy
FirstEnergy Pays Ohio $20M to End Bribery Scandal Litigation
FirstEnergy reached an agreement with the Office of Ohio Attorney General and the Office of the Summit County Prosecutor to resolve all outstanding proceedings on the firm’s bribery scandal. 
Renew Home
Renew Home Foresees Bright Future for Residential VPPs
Home energy management company Renew Home has released a position paper arguing that VPPs can quickly be stood up to help meet growing demand.
Exelon
Exelon Prepping for Major Load Growth in Utility Service Territories
Exelon is focused on meeting rising demand from data centers and manufacturing, company officials said during its second-quarter earnings call.
Duke Energy
Duke Energy Executives Discuss Demand Growth on Q2 Earnings Call
Duke Energy executives highlighted how the return to load growth is impacting its utilities during its second-quarter earnings call with analysts. 
Duke Energy
4th Circuit Remands Duke Energy Market Power Lawsuit Filed by NTE
A lower court found Duke was just competing for business, but the appeals panel of three judges has open questions on whether market power was abused.
Constellation Energy
Constellation Raises Earnings Guidance amid Rising Demand
Constellation Energy turned in another solid quarterly report Aug. 6, boosting its earnings guidance for the year and offering a rosy picture for the future of its nuclear power fleet. 

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