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September 2, 2024

Company News

Filsinger Energy Partners
PG&E’s Distribution System Needs Replacing, Monitor Says
The independent safety monitor appointed to keep watch on PG&E issued its second report, citing the utility's vast, aging distribution system as a main concern.
Exelon
Exelon CEO: Energy Transition ‘Requires Investments,’ Rate Increases
Exelon's CEO spent part of Wednesday’s first-quarter earnings call talking about how the company will help meet states' decarbonization targets.
Con Edison
Con Ed Completes 300-MW Line for Cleaner NYC Grid
Consolidated Edison said it has energized the first piece of its Reliable Clean City initiative.
Revolution Wind
Offshore Wind Power Boosts Revenue for Ørsted
Ørsted, the largest OSW developer in the world, reported that earnings from its offshore wind business hit an all-time high in the first quarter of 2023.
Ken Lund, CC BY-SA 2.0, via Wikimedia Commons
Jury Finds Former ComEd CEO, 3 Others Guilty in Bribery Trial
Four were charged with 9 counts of conspiracy to bribe former Ill. House Speaker Michael Madigan in exchange for his help in passing bills favorable to ComEd.
Dominion Energy
Enviros Pan Dominion Integrated Resource Plan
Dominion Virginia’s new Integrated Resource Plan anticipates continued development of solar, wind and storage — and 970 MW of new natural gas capacity.
Lordstown Motors
Lordstown Motors Warns of Bankruptcy in Contract Funding Feud
Can Lordstown Motors survive? The electric truck maker warned investors this week that it may seek federal bankruptcy protection.
PSEG
PSEG Sees Fortunes Stoked by NJ OSW, EV Advances
PGEG's CEO said the company should get a boost from New Jersey’s second solicitation for offshore wind transmission upgrades and a deepening embrace of EVs.
WEC Energy Group
WEC Energy Group’s Earnings Droop on Mild Winter
WEC Energy Group’s first-quarter earnings dipped year-over-year, owing to one of the mildest winters in its service territory in more than a century.
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FERC OKs Duke Energy Rate Changes to Reflect Tax Cuts
FERC approved Duke Energy’s rate settlement with two co-ops to reflect lower corporate taxes enacted during the Trump administration.

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