October 6, 2024

NextEra Energy

UPDATE: Texas ROFR Legislation Pits Incumbents, Transcos
Fast-moving Texas legislation that would give incumbent utilities the right of first refusal to build transmission projects is on the brink of passage.
NextEra’s Adjusted Earnings Beat Expectations
NextEra Energy said it expects to continue increasing adjusted earnings near the top end of a previously disclosed 6-8% growth rate for the year.
FERC OKs Trans Bay Cable Sale to NextEra
Despite protests from a number of cities, FERC approved the sale of the Trans Bay Cable, a 400-MW line that runs under San Francisco Bay, to NextEra.
NextEra Gains Incentive for Hartburg-Sabine Project
FERC authorized NextEra Energy Transmission Midwest to recover all “prudently incurred” costs related to the Hartburg-Sabine Junction 500-kV project.
FERC Claims Authority over PG&E Contracts in Bankruptcy
FERC said it shares authority with the federal court over any power purchase agreements Pacific Gas and Electric seeks to modify as part of its bankruptcy.
NextEra’s Earnings Disappoint Despite Increase
NextEra Energy’s quarterly and year-end earnings surpassed those of 2017 but came up short of analysts’ quarterly expectations.
Carias, Buffington Smoothly Assume MOPC Leadership
For a historic moment for SPP, the ascension of two women to the RTO’s Markets and Operations Policy Committee leadership was fairly low-key.
Dominion Energy
Connecticut Zero-Carbon Awards Include Nukes, OSW, Solar
Connecticut announced the results of state’s solicitation for nearly 12 million MWh of zero-carbon electric power, equivalent to 45% of the electric load.
Gulf Power
FERC Approves NextEra’s Gulf Power Acquisition
FERC conditionally approved NextEra Energy’s acquisition of Florida utility Gulf Power as being "consistent with the public interest."
Public Service Co. of Oklahoma
AEP to Focus on Smaller Renewable Projects
By Tom Kleckner American Electric Power said last week it will focus on smaller projects after Texas regulators put the kibosh on the company’s proposed $4....

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