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September 12, 2024

Company News

Entergy Q2 Earnings Beat Expectations
Entergy reported second-quarter profits of $409.9 million ($2.27/share), compared to $567.3 million ($3.11/share) a year ago.
PSEG Sees Support for Nuclear, to Seek Revenue Decoupling
PSEG CEO Ralph Izzo said that the company has received “just about universal support for the continued operation” of its nuclear plants.
AEP to Spend $4.5B on Largest Wind Farm in US
American Electric Power (AEP) plans to build a 2,000-MW wind farm and accompanying high-voltage, interstate transmission line.
Eversource Q2 Earnings up on Tx, Distribution
Eversource reported net earnings of $230.7 million in the second quarter of 2017, compared to $203.6 million a year earlier.
FirstEnergy CEO Says Country Heading for Natural Gas ‘Disaster’
FirstEnergy CEO Chuck Jones said that he thinks the “country is heading for a disaster” because of its over-reliance on natural gas for generating power.
NextEra Seeks $275M Fee for Failed Oncor Bid
NextEra Energy CEO Jim Robo said that the company would pursue a $275 million fee it says it is owed following a failed attempt to acquire Oncor.
Rates, Renewables Boost Avangrid Q2 Earnings
Avangrid earned $120 million in the second quarter, up 17% because of new rate plans, improved cost management and increased renewable energy production.
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Reed Smith Adds Honorable, 2 Others to Boost FERC Practice
Law firm Reed Smith has added former FERC Commissioner Colette Honorable and two former Schiff Hardin attorneys to bolster its FERC practice.
Report: Warren Buffett’s Berkshire Nears Deal to Buy Oncor
The Wall Street Journal reported that Buffett's Berkshire Hathaway Energy is close to announcing its intent to acquire Oncor.
UPDATED: PUCT Staff Welcomes Buffett’s Oncor Bid; Debtor Miffed
The Berkshire Hathaway Energy bid for Oncor won an immediate endorsement from a key PUCT official Friday, but it may have to overcome a top investor.

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