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September 13, 2024

Company News

Company Briefs
This week's company briefs include news on Tres Amigas, NextEra, Alliant, Dynegy, Exelon and others.
UPDATED: Entergy Sells FitzPatrick to Exelon
Entergy reiterated that it does not intend to continue operating the troubled James A. FitzPatrick nuclear plant in upstate New York beyond January 2017.
DTE Expects Boost from Southwestern’s Rig Expansion
DTE Energy said the addition of two new Southwestern Energy drilling rigs in the Utica Shale could boost profits in the future.
Southern California Edison Preparing for Distributed Energy Future
Edison International, and its SoCalEd subsidiary, are maneuvering to capitalize on California’s effort to meet its greenhouse gas emissions goals.
Company Briefs
This week's company briefs include news on Mississippi Power, Consumers Energy, Ameren, KCP&L, FirstEnergy, MidAmerican and other companies.
PGE Sees Transmission, Distribution Role in ‘Clean Energy Future’
PG&E's 2nd quarter profits fell sharply due to a series of one-time costs; but hopes to grow by providing transmission for clean energy resources.
Akins: AEP Wants Only Partial Restructuring of Ohio Market
American Electric Power CEO Nick Akins said last week that AEP is seeking only a partial “restructuring” of Ohio’s energy market.
FirstEnergy Posts $1.1B Loss, Eyes Exit from Merchant Generation
FirstEnergy posted a $1.1 billion second-quarter loss, much of it related to the pending closure of five coal-fired units.
NextEra Reaches Deal for Oncor
NextEra has agreed to buy Energy Future Holdings’ Oncor assets in a deal that values the Texas transmission and delivery subsidiary at $18.4 billion.
Exelon’s Constellation to Buy Con Ed’s Retail Operation
Exelon is buying the Consolidated Edison (Con Ed) retail energy business as it continues its efforts to hedge against falling wholesale power prices.

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