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September 5, 2024

Company News

Apple Endorses Biden’s Clean Energy Standard at ARPA-E Summit
Apple's Lisa Jackson opened DOE’s ARPA-E Energy Innovation Summit with an endorsement of President Biden’s proposed clean energy standard.
FERC Reduces Entergy’s Return on Equity
FERC reduced Entergy’s base return on equity to 10.37%, applying the methodology it adopted for MISO transmission owners in Opinion 569-A a year ago.
BP CEO Explains Oil Co.’s ‘Net Zero’ Target
BP CEO Bernard Looney outlined the company's "net zero" pledge, which critics have questioned, at Columbia University's Global Energy Summit.
Walgreens Looks Beyond Buildings Milestone at DOE Summit
Walgreens is working on a smart buildings initiative to expand on the energy efficiency measures the company has implemented over the last decade.
PJM Monitor: Dominion Exit Likely to Cut Capacity Prices Outside Va.
PJM ratepayers will likely see capacity prices drop as a result of Dominion’s decision to exit the market, according to a report by the RTO’s Monitor.
Duke Energy
Duke Rejects Hedge Fund Elliott’s Breakup Pressure
Duke Energy rejected hedge fund Elliott Management’s proposal to break up the company into three regionally focused, publicly traded utilities.
Tri-State G&T
FERC Rejects Tri-State Exit Fee Proposal
FERC rejected Tri-State Generation and Transmission Association’s proposed procedural requirements for members seeking to withdraw from the cooperative.
PJM Must Consider Longer Asset Life for Generator
PJM must consider generator operating lives of more than 20 years under the unit-specific review process, FERC ruled just before the RTO's capacity auction.
Enbridge Defies Order to Close Mich. Pipeline
Enbridge refused to shut down part of its Line 5 pipeline, prompting Michigan Gov. Gretchen Whitmer to threaten to seize the company’s profits.
Xcel Energy CEO Fowke to Retire
Xcel Energy CEO Ben Fowke will retire after 10 years, having turned the company into one of the nation’s largest providers of wind energy.

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