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September 4, 2024

Company News

Tri-State Generation and Transmission
FERC Accepts Tri-State’s Exit Fee Calculation
Regulatory hurdles remain for Tri-State G&T, despite FERC's acceptance of the cooperative's controversial exit-fee methodology for its members.
PG&E
California PUC Applies New Safety Metrics to PG&E
PG&E could face additional oversight and enforcement if it fails to meet new safety metrics adopted by the California Public Utilities Commission.
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FirstEnergy Announces $3.4 Billion in New Equity Financing
FirstEnergy announced $3.4 billion in new equity financing from two global investors that it believes will position it for long-term EPS growth of 6 to 8%.
Dominion’s OSW Project to Cost $9.8B, up from $8B
Dominion Energy said the cost of its Coastal Virginia Offshore Wind project has increased by more than 20% to $9.8 billion.
OG&E
Vistra Recovering from Winter Storm’s Costs
Vistra continued its recovery from Winter Storm Uri with a solid third quarter, and it already has begun to look toward future investments.
Con Edison
Con Edison Q3 Earnings up on Clean Energy Growth
Con Ed reported third-quarter net income of $538 million ($1.52/share), up 9.1% compared with $493 million ($1.47/share) in the same period a year ago.
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Eversource Warns of Higher Winter Bills as Gas Prices Bounce Back
Eversource warned that customers will likely see a spike in their bills this winter compared to last year’s, as natural gas prices surge nationwide.
Entergy
Despite Ida, Entergy Reports Strong Quarter
Entergy said it had a "strong" third quarter, despite Hurricane Ida’s landfall in August along Louisiana’s Gulf Coast and its ensuing destruction.
Shutterstock
Maine, NY Voters Prioritize Conservation on Election Day
After Maine voters approved a measure to halt construction of the NECEC transmission line, the line's developer filed a lawsuit challenging the referendum.
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy Close to Selling Minority Interest in its Transmission Co.
FirstEnergy could announce within weeks the sale of a minority interest — as much as 20% — in its 24,000 mile transmission system.

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