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September 3, 2024

Company News

ISO-NE
ISO-NE Network Briefly Knocked Down by Hardware Malfunction
A hardware malfunction took down a number of ISO-NE systems for six hours but the grid operator said there were no effects on power reliability.
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy Shareholders Approve Smaller Board of Directors
Shareholders at FirstEnergy’s virtual annual meeting approved a smaller board of directors and rejected two proposals by activists.
Murr Rhame, CC BY-SA 3.0, via Wikimedia Commons
Duke Files Carbon-reduction Plan for North Carolina Utilities
Duke Energy filed a proposal with the North Carolina Utilities Commission that presents four broad paths to reducing carbon emissions by 70% by 2030.
Erichwtl, CC BY-SA 3.0, via Wikimedia Commons
Australian Company Eyes Wash. Coal Mine as Green Hydrogen Site
Fortescue Future Industries is exploring the potential of converting a disused coal mine in Washington state into a facility for producing green hydrogen.
Talen Energy
Talen Energy Subsidiary Files for Bankruptcy
Talen Energy filed for bankruptcy protection for its Talen Energy Supply subsidiary, citing rising natural gas prices and other challenges.
Duke Energy
Winter Storms Reduce Duke Energy’s Q1 Earnings
Duke Energy's net income declined in the first quarter despite a whopping increase in sales compared to a year ago because of the costs of winter storms.
Exelon
Exelon Reports Increased Q1 Earnings off Utility Rates
Exelon reported a positive first quarter to investors and analysts, a result of increased rates and revenue from its regulated utilities.
LG&E
PPL Earnings up as Rates Set to Rise
PPL reported a positive first quarter during its earnings call after announcing earlier that it was raising its electricity rates in Pennsylvania by 38%.
NiSource
NiSource Defers Coal Retirement, Blames Probe into Solar Panel Imports
NiSource will postpone retirement of an Indiana coal plant because of the Commerce Dept.'s probe into tariff evasion by Chinese importers of solar components.
Vistra
Vistra: Hedged for Tight Gas Market Conditions
Vistra executives are confident their hedging strategy leaves the company “very well positioned” to take advantage of a tight natural gas market.

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