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September 9, 2024

Company News

Eversource Earnings Go South on Northern Pass
Eversource Energy’s earnings fell last quarter after writing off $204 million from its investment in the failed Northern Pass transmission project.
Con Ed Earnings Drop; Blackout Fines Loom
Consolidated Edison’s second-quarter earnings fell by 19% to $152 million compared to the same period last year, despite an increase in revenue.
Xcel Earnings Call Focuses on Clean Energy
Xcel stressed its renewable credentials after the release of its second-quarter earnings, detailing developments that will lessen reliance on fossil fuels.
Talen Energy to Pay $1M for Violating Clean Water Act
Talen Energy agreed to pay a $1 million fine after toxic waste from its Brunner Island plant seeped into groundwater and the nearby Susquehanna River.
SPP’s Brown to Retire as CEO in 2020
Southwest Power Pool (SPP) Chief Executive Officer Nick Brown will retire in April 2020 after 35 years with the RTO, 16 as its CEO.
AEP Applauds Ohio Bill Subsidizing Coal, Nuclear
AEP CEO Nick Akins praised Ohio’s controversial bill creating subsidies for nuclear and coal plants during the company second-quarter earnings call.
Avangrid Earnings Continue to Lag on Weak Wind
Avangrid reported second-quarter earnings of $110 million ($0.36/share), up slightly from $107 million ($0.35/share) in the same period in 2018.
UPDATED: California PUC Jumps into PG&E Bankruptcy Fray
The judge overseeing PG&E’s Chapter 11 bankruptcy granted a motion to hold off on deciding whether to terminate the utility’s exclusivity period.
PG&E Deserves $30M ISO Adder, FERC Says
FERC reaffirmed that Pacific Gas & Electric participates voluntarily in CAISO and qualifies for hefty financial incentives to remain in the ISO.
California Energy Summit Focuses on Wildfires
Discussions at Infocast's California Energy Summit ran the gamut of energy issues, but mitigating and preventing wildfires in the state took center stage.

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