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April 4, 2025

Company News

NRC
Bankruptcy Court OKs Legal Fees of $65 Million in FES Case
A federal judge in Ohio approved of legal fees of more than $65 million and expenses totaling $2.7 million in the FirstEnergy Solutions bankruptcy case.
Brian Stansberry, CC BY-SA-3.0, via Wikimedia
Tennessee Grand Jury Seeks Federal Action on TVA Coal Ash Cleanup
A grand jury rejected indictments over TVA’s cleanup of its 2008 coal ash spill but called for a federal probe into claims the utility exposed workers to harm.
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PG&E Likely Violated Probation, Judge Finds
A federal judge found there was probable cause to believe PG&E violated its probation by starting the Kincade Fire in 2019 and the deadly Zogg Fire last year.
Tesla
Tesla Gets OK to Sell Power in Texas
The Texas Public Utility Commission has given a Tesla subsidiary permission to begin selling electricity to retail customers.
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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