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September 10, 2024

Company News

Northwestern Energy
NorthWestern Energy to Join Western EIM
NorthWestern Energy said that it will join the Western Energy Imbalance Market in spring 2021, making it the 14th utility to announce plans to sign on.
PG&E Outlines Fire Strategy in Q3 Earnings Call
PG&E described its wildfire prevention efforts in a third-quarter earnings call, in which it also reported net income of $564 million ($1.09/share).
U.S. Forest Service
Edison Takes Partial Blame for Wildfire in Earnings Call
Edison International’s president said that equipment owned by its Southern California Edison subsidiary was at least one cause of the Thomas Fire.
Entergy
Entergy Share Price Jumps with Solid Quarter
Entergy reported third-quarter earnings of $536 million ($2.92/share), as compared to $398 million ($2.21/share) a year ago.
Avangrid
Avangrid Q3 Earnings Call Highlights Offshore Wind
Avangrid earnings jumped more than 25% year-over-year in the 3rd quarter, mainly driven by increased gross margins for renewables and new transmission rate plans.
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....
SERC
SERC Taps ReliabilityFirst Exec as CEO
SERC Reliability Corp. on Monday announced Jason Blake, vice president and general counsel of ReliabilityFirst, as its new CEO, effective Nov. 15.
Great Plains Energy
SPP MMU: Evergy Changing Market Dynamics
The creation of Evergy has increased market concentration in the new company’s reserve zone, SPP’s Marketing Monitoring Unit said.
ITC
FERC Reduces ITC Adders over Independence Issues
FERC reduced the return on equity adders previously granted to ITC Holdings subsidiaries for being independent, standalone transmission providers.
Sempra, Oncor Deals Target Texas Transmission
Sempra Energy’s transmission footprint in Texas is set to expand, as its Oncor utility subsidiary is acquiring transmission owner InfraREIT.

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