Company News
FirstEnergy CEO Charles Jones said the company’s floundering FES merchant generating arm is now under a death watch.
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.
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.
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.
The Texas PUC postponed until March a decision on whether to remove reliability unit commitments from ERCOT’s operating reserve demand curve.
FERC authorized an ITC Holdings subsidiary to purchase transmission assets from the city of Holland, Mich.
Consolidated Edison fourth-quarter net income increased 144% to $505 million ($1.63/share) from $207 million ($0.68/share) in 2016.
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 executives expressed confidence during a fourth-quarter earnings call that other states will adopt zero-emission credit (ZEC) programs this year.
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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