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September 3, 2024

Company News

Lordstown Motors
Startup EV Makers Inching Toward Profitable Production
Ohio-based Lordstown Motors said it will begin manufacturing its light-duty electric truck model, the Endurance, in the next six to eight weeks.
Dominion Energy
Virginia Regulators OK $79M Rate Hike for Dominion OSW Project
The Virginia SCC approved a $78.7 million rate hike for Dominion’s offshore wind project, though they warned that ratepayers face the risk of cost overruns.
OGE Energy
OGE Benefits from Enable Midstream’s Sale
OGE has shed 77% of its investment in Enable Midstream Partners for an $813 million return at an average price of $11.09/unit, a 33% premium since December.
Duke Energy
Duke Considering Sale of 3.5-GW Renewable Portfolio
Duke Energy put a “for sale” sign on its 3.5-GW commercial renewable business, saying it wants to focus its capital on regulated spending.
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Exelon, PPL Differ on Impact of 15% Corporate Minimum Tax
Exelon said the proposed 15% minimum corporate income tax in the Democrats’ energy and climate bill could impinge its cash flow, slow infrastructure investment.
Shutterstock
Entergy Beats Expectations with Q2 Earnings
Entergy easily beat analysts’ expectations with its second-quarter results, thanks to better-than-expected retail sales during the early-summer heat.
CenterPoint Energy
CenterPoint Takes the Heat, Raises Earning Guidance
Texas’ record-breaking heat through June boosted CenterPoint Energy’s second-quarter earnings and led its management to again raise its earning guidance.
Public Service Enterprise Group
PSEG Eyes Democrats’ Climate Bill for Nuclear Plant Support
PSEG is hoping the Democrats’ proposed climate bill will provide long-term support for the utility’s three nuclear plants, now subsidized by N.J. ratepayers.
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California Sees First V2G Reliability Project
San Diego Gas & Electric and its partners launched the first interconnected vehicle-to-grid project to offer support during energy emergencies.
Xcel Energy
Xcel Sees Benefits in $3.2B Transmission Opportunities
Xcel Energy praised both the MISO long-range transmission plan and the late-breaking agreement over the $670 billion Inflation Reduction Act.

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