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September 2, 2024

Company News

AEP
AEP Continues to De-risk the Balance Sheet
AEP reiterated its strategy to de-risk the company and prioritize investments during the company’s quarterly earnings call with financial analysts.
OGE
OGE Energy Sees Growing Demand from Crypto and Commercial Load
OGE Energy released its fourth-quarter earnings, which showed continued load growth in its footprint in Oklahoma and Arkansas.
Lordstown Motors
Lordstown Motors Recalls Endurance Electric Truck
Lordstown Motors announced it had stopped production of its battery-electric pickup truck, the Endurance, and would voluntarily recall those already sold.
Avangrid
Avangrid Pushes Forward on NECEC, Offshore Wind, PNM Merger
Avangrid announced Wednesday that its net income increased 16% in 2022 over 2021 but projected flat financials in 2023.
PSEG
PSEG CEO Says Need for ‘Predictability’ Drives OSW Sale
PSEG's CEO said the utility is exiting offshore wind but sees potential in keeping its nukes alive now that they are eligible for federal tax credits.
Mahopac Volunteer Fire Department
NY PSC Accepts $2.75M NYSEG Settlement over Gas Leak Fire
New York regulators approved a $2.75 million settlement with New York State Electric and Gas over a gas leak that led to a fire last February.
Dana Nessel
Mich. AG Nessel Calls for More Transparency on Utility Lobbying
Michigan utilities would have to provide more transparency on their spending to influence rate cases under regulations proposed by the attorney general.
Exelon
Exelon Earnings Highlight Investments to Comply with State Legislation
Exelon leadership charted out the company’s path to maintaining its growth targets while implementing plans to comply with state environmental legislation.
CenterPoint Energy
CenterPoint to Invest $43B, Addressing Customer Growth
CenterPoint Energy plans to increase its 10-year capital plan to $43 billion through 2030, focusing on additional investments in grid reliability and modernization.
Beyond My Ken, CC BY-SA 4.0, via Wikimedia Commons
Con Ed Yearly Earnings Continue to Rise
Consolidated Edison released its 2022 earnings report showing that it earned $1.66 billion in net income, about $300 million, or 23%, more than in 2021.

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