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September 12, 2024

Company News

PGE Affirms Strategy to Help Meet Calif. Environmental Goals
Pacific Gas and Electric isn’t having second thoughts about its strategy of capitalizing on California’s greenhouse gas reduction goals.
Watts Bar 2 Off Until Summer; Concerns over Safety Culture Persist
TVA's Watts Bar 2 nuclear unit, which went offline in March because of an equipment problem, is expected to remain down until sometime this summer.
FirstEnergy Hopeful on State, Federal Support
FirstEnergy is encouraged by new support for nuclear and coal-fired plants, but the company will not change its plan to divest its merchant generation.
Q1 Earnings Briefs
Summaries of first-quarter earnings reports for AEP, Xcel Energy and NextEra Energy.
Avangrid Q1 Net Income up 13% on NY, Conn. Rate Hikes
Avangrid reported consolidated net income of $239 million ($0.77/share), compared with $212 million ($0.69/share) for the same period in 2016.
Avangrid Renewables CEO Steps Down to Take NW Natural Role
Avangrid Renewables CEO Frank Burkhartsmeyer is resigning to take over as chief financial officer for Oregon-based natural gas service provider NW Natural.
Westar Shares Fall as Kansas Regulators Block Great Plains Deal
The Kansas Corporation Commission voted 3-0 to reject Great Plains Energy's $12.2 billion acquisition of Westar Energy.
NextEra not Giving up on Oncor Deal
Attorneys for NextEra Energy and EFH told a bankruptcy court they are not abandoning NextEra’s bid to acquire Oncor despite the PUCT's rejection.
Maxim Power Sells US Assets to Hull Street Energy
Maxim Power has closed a deal to sell its U.S. subsidiary and its five plants, concluding a two-year effort to stave off threats to the company’s survival.
Gas, Solar, Efficiency Nudge Coal in Arizona Public Service IRP
Arizona Public Service expects to meet its future energy needs through increased use of natural gas and solar, while reducing coal reliance.

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