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September 1, 2024

Company News

Siemens Energy
Siemens Energy Announces Restructuring of Wind Business
Siemens Energy has begun a multiyear restructuring of its wind power business, which has temporarily halted sales of certain onshore turbine models due to quality control problems. 
Shutterstock
Will Final Rules on EV Tax Credits Help or Hurt US Market Growth?
According to Kelley Blue Book, the slow-down in EV sales could be a sign that "EVs are almost mainstream cars in parts of the country. Segment growth typically slows as volume increases."
Eversource
Eversource Announces $500M Cut in Connecticut Investments
Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.
Exelon
Exelon Focuses on ComEd, Other Rate Cases in Q1 Earnings Call
Exelon prioritized improving "our regulatory outlook in Illinois," CEO Calvin Butler said, after the state's Commerce Commission rejected ComEd's integrated grid plan for failing to meet core provisions of the Climate and Equitable Jobs Act.
Dominion Energy
OSW, Data Centers Loom Large in Dominion’s Outlook
Dominion expects to start installing monopiles for the Coastal Virginia Offshore Wind project between May 6 and 8, CEO Robert Blue told analysts during the company’s first-quarter earnings call.
Duke Energy
NC Residents Criticize Duke’s Pace of Coal Retirements, Reliance on Gas in Carbon Plan
North Carolina residents called upon the Utilities Commission to address Duke Energy’s preferred carbon plan, criticizing its slow pace of coal plant retirements and increase in gas plants compared to other options.
Peretz Partensky, CC BY 2.0, via Wikimedia Commons
PSEG Sees New Market for Nuclear in AI, Data Centers
PSEG is looking to use excess capacity at its three South Jersey nuclear generators to provide clean energy for data centers and AI development projects, CEO Ralph LaRossa said in the company’s first-quarter earnings call.
DOE/NREL
DOE: AI Critical to US Clean Energy, Grid Modernization Goals
Streamlining and accelerating permitting is just one of the potential uses DOE envisions for AI to accelerate the U.S. power system’s transition to 100% clean energy and the modern, efficient, secure grid needed to reach that goal by 2035.
Constellation Energy
Constellation Increases Costs of Proposed Everett Agreements
Constellation is requesting an increase in the cost-of-operation charges in its proposed agreements with Massachusetts gas utilities to keep the Everett LNG import terminal operating through the winter of 2029/30.
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BNEF Summit: Oil, Gas Execs Argue for Key Role in Energy Transition
A series of presentations and panels at the BloombergNEF Summit provided a measure of the industry’s success in crafting a narrative based on a balanced and well-paced transition that includes cutting egregious emissions and scaling carbon capture and storage technologies. 

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