Company News
Fourth-quarter profits of $99.6 million weren’t enough to offset Energy’s losses for the year, the company reported.
Ameren reported fourth-quarter earnings of $29 million, down from $48 million in the same period of 2014.
PSEG reported that fourth-quarter earnings dropped to $309 million as the company dealt with unseasonably mild weather.
Marvin Fertel, CEO of the Nuclear Energy Institute, noted that eight reactors have closed or announced closings in the last three years.
New York Gov. Andrew Cuomo has accused NRG Energy of reneging on an agreement to repower the shuttered Dunkirk coal-fired power plant.
Closure of the FitzPatrick nuclear plant will leave New York at least 325 MW short of its generation requirement by 2019, NYISO says.
DTE Energy reported 2015 net income of $727 million, a 20% decline from 2014’s $905 million.
New ERCOT CEO Bill Magness will use his quarter century of experience, and his self-deprecating humor, to lead the ISO.
This week's company briefs include news on GridLiance, CMS, Mississippi Power, Ameren Missouri, Westar, Duke, Exelon, Talen and DONG Energy.
Canada’s Algonquin Power & Utilities has agreed to purchase The Empire District Electric Co. for $2.4 billion.
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