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September 11, 2024

Company News

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.
Xcel Energy
Xcel Energy Yearly Earnings Rise Despite down Q4
Xcel Energy reported fourth-quarter earnings of $189 million ($0.37/share), down 16.7% from the same period last year.
PG&E Vows Fight over Wildfire Cost Recovery
Pacific Gas and Electric CEO Geisha Williams said that the utility will fight for the right to recover costs stemming from California wildfires.
Florida Power & Light
NextEra Suit Accuses Nuclear Trade Group of ‘Extortion’
NextEra Energy accused the Nuclear Energy Institute of “extortion,” saying it was spitefully denying the company access to a database used to screen workers.
© RTO Insider
Sempra, Oncor Reach Agreement with Texas Intervenors
Sempra Energy and Oncor have reached a settlement with all parties involved in Sempra’s proposed $9.45 billion acquisition of Energy Future Holdings.
WEC Energy Group
WEC Energy’s Yearly Earnings Surpass $1 Billion
WEC Energy Group’s 2017 earnings surged 28% to $1.2 billion, boosted by a late-year cold snap and federal tax cuts.
DC Circuit Rejects Appeal of Entergy Bandwidth Decision
The D.C. Circuit refused to overturn FERC’s decision to require Entergy Arkansas to make retroactive payments to its affiliate companies.
NRC
Tax Breaks Spur Dominion Deleveraging
During an earnings call, Dominion Energy CEO Thomas Farrell expressed confidence that his company’s lobbying in Connecticut and Virginia are track to benefit the company.
PSO Rate Case a Concern for AEP’s Akins
AEP beat Wall Street’s expectations with a positive yearend earnings report, but CEO Nick Akins spent much of a conference call with analysts focused on its Oklahoma subsidiary.
PUCT
LP&L Finalizing Agreements in ERCOT Move
Lubbock Power & Light told Texas regulators that it continues to hammer out settlement agreements in the utility’s proposed migration from SPP to ERCOT.

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