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September 17, 2024

Company News

Eversource Energy Adds $900M to Transmission Budget
Eversource Energy (formerly Northeast Utilities) reported higher year-end earnings fueled by a strong fourth quarter and a drop in operating costs.
DTE Earnings Skyrocket; Pipeline Unit Promising Further Growth
DTE Energy’s fourth-quarter earnings soared 141%, largely on growth in its non-utility operations.
Bill Halting Dominion Rate Reviews Passes Va. Legislature
The Virginia General Assembly passed a bill that would temporarily suspend the State Corporation Commission’s review of Dominion Virginia Power’s rates.
Company Briefs
News briefs on companies doing business with RTOs. This week we include Duke, Entergy, PPL, Ameren, FirstEnergy, Dominion, TVA and PSE&G.
Dynegy, PJM IMM Reach Settlement on Duke, Energy Capital Partners Deal
Dynegy has reached a settlement with PJM’s Market Monitor to alleviate market power concerns over its purchase of 12,400 MW of generation from Duke and ECP.
Exelon-Pepco Deal Moves Forward in NJ, Del.
Exelon’s $6.8 billion bid to acquire Pepco took two steps forward when it gained approvals from both the New Jersey BPU and the staff of the Delaware PSC.
N.J. BPU Approves Exelon’s Acquisition of Pepco
The New Jersey Board of Public Utilities approved the Exelon takeover of Pepco Holdings Inc. in a settlement that will give Atlantic City Electric customers $62 million in rate credits.
Entergy Retail Sales Up 2.3% in 2014; Higher Growth Forecast Through 2017
Despite a drop in Q4 earnings, Entergy executives gave an upbeat outlook, citing stronger-than-expected growth in retail sales and forecasts of increasing industrial demand.
Virginia Bill Would Halt SCC Reviews of Dominion Rates
A Virginia Senate subcommittee has passed a bill that would freeze Dominion Virginia Power customers’ base rates and bar state regulators from reviewing the utility’s revenue until after 2020.
SPP Board Elects Ross, See as Officers
The SPP Board of Directors elected Mike Ross as senior vice president of government affairs and PR and Malinda See as vice president of corporate services.

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