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September 18, 2024

Company News

Cool Summer Means Weak Profits for Most Companies
Cooler summer weather took a toll on the third-quarter profits of electric utilities in PJM's footprint.
Company Briefs
News briefs on companies in the PJM Interconnection this week, including DTE, Pepco, Delmarva Power, Xcel Energy, Invenergy and We Energies.
Exelon Selling Last Major Coal Generation in Fleet
Exelon is selling its ownership interest in the Keystone and Conemaugh power plants in Pennsylvania.
Third-Quarter Earnings Tempered by Mild Summer
The summer wasn’t hot enough, at least for most of the PJM utilities reporting third-quarter earnings so far. Companies lamented the lack of 90-degree days.
Company Briefs
News briefs on companies in the PJM Interconnection this week, including PSEG, Duke, FirstEnergy, AEP, Ameren, Constellation and General Motors.
New York Utilities Increase Gas Hedges Ahead of Winter
Chastened by January’s price spikes, New York electric utilities are hedging 70% of their natural gas purchases this winter, up from 55% last year.
NYPSC Upholds Dunkirk Repowering Ruling
The New York Public Service Commission Thursday reiterated its approval of NRG Energy’s request to convert the Dunkirk coal-fired generator to natural gas.
Wisconsin Utilities Seek Rate Changes in Rooftop Solar Battle
Wisconsin utilities are joining those in sunnier climes in treating distributed solar as an existential threat.
Michigan Gov.: Wisconsin Energy-Integrys Merger Could Stifle Competition
Wisconsin Energy’s proposed $9.1 billion acquisition of Integrys Energy Group has generated some notable opposition — including Michigan Gov. Rick Snyder.
Company Briefs
News briefs on companies in the PJM Interconnection this week, including Dynegy, FirstEnergy, Dominion, Southern Co. and Xcel Energy.

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