Company News
NextEra Energy beat analysts’ expectations and shattered last year’s first-quarter (Q1 2018) performance, reporting earnings Tuesday of $4.4 billion and $9.32/share, up from $1.6 billion and $3.37, respectively.
Avangrid on Monday said its first quarter (Q1 2018) earnings rose slightly on new rate plans and rising output from its wind fleet, and the company highlighted its growing opportunities in renewable energy — particularly offshore wind.
Buoyed by recent positive developments, American Electric Power CEO Nick Akins had several reasons Thursday to proclaim the company “in better shape than in the first quarter of last year.”
FirstEnergy announced mixed Q1 2018 earnings along with a potential path to exit the bankruptcy of its merchant subsidiaries.
CenterPoint Energy announced that it will acquire Vectren in an approximately $6 billion deal expected to close in the first quarter of 2019.
The Public Utility Commission of Texas (PUCT) pressed Southwestern Public Service for more details to justify its plan to build 1.23 GW of wind generation even though it doesn’t need the capacity.
Vistra Energy said Monday it closed its acquisition of Dynegy following a FERC order concluding the $1.7 billion deal raised no competitive concerns.
The Texas PUC (PUCT) conditionally approved Vistra Energy’s $1.7 billion acquisition of Dynegy, allowing the combined company to avert a requirement that it divest generation.
Exelon filed with ISO-NE to retire the Mystic generating station, but the company said it “may reconsider” the decision if the RTO can reform its markets.
Duke Energy released a carbon-reduction plan that anticipates relying on natural gas and technology advancements to phase out coal-fired generation by 2050.
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