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September 11, 2024

Company News

FirstEnergy
FirstEnergy CEO Predicts Death of FES, Coal, Nuclear
FirstEnergy CEO Charles Jones said the company’s floundering FES merchant generating arm is now under a death watch.
Avangrid Posts Q4 Loss, Sharpens Focus
Avangrid lost $77 million in the fourth quarter after taking a one-time charge related to the sale of its gas units, but the company is sharpening its focus on its core businesses.
NIPSCO
Tax Adjustments Dampen NiSource 2017 Earnings
NiSource lost $52.4 million during Q4 due to one-time charges related to recent federal tax cuts, but the company focused on its adjusted earnings and growing customer base.
FirstEnergy Shutting down Unsold Coal Plant
Blocked by regulators from moving its ailing coal-fired Pleasants plant into the rate base of a subsidiary, FirstEnergy announced it will shut the plant down.
© RTO Insider
Texas PUC Briefs: Feb. 15, 2018
The Texas PUC postponed until March a decision on whether to remove reliability unit commitments from ERCOT’s operating reserve demand curve.
ITC
ITC Subsidiary Gets OK to Buy Michigan Tx Assets
FERC authorized an ITC Holdings subsidiary to purchase transmission assets from the city of Holland, Mich.
ConEd
Con Edison Q4 Earnings Up 144%
Consolidated Edison fourth-quarter net income increased 144% to $505 million ($1.63/share) from $207 million ($0.68/share) in 2016.
Sempra Moves Closer to Securing Oncor Acquisition
The PUCT canceled a hearing on the merits of the proposed acquisition of Oncor by Sempra Energy and directed staff to prepare a proposed order in the proceeding.
Exelon Confident in Nuclear Support Programs
Exelon executives expressed confidence during a fourth-quarter earnings call that other states will adopt zero-emission credit (ZEC) programs this year.
Energy Future Holdings
Vistra Balks at Divesting 1,281 MW in Dynegy Merger
The staff of the Texas PUC recommended that it require Vistra Energy and Dynegy to divest at least 1,281 MW of generation to secure approval of their merger.

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