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September 5, 2024

Company News

Wildfire Liability, Criminal Charges Cloud PG&E Outlook
PG&E faces criminal charges and wildfire liabilities not included in last year’s bankruptcy settlement, company officials said in an earnings call.
SPP Board/Members Committee Briefs: April 27, 2021
SPP stakeholders approved staff’s recommendation to withdraw a competitive transmission project that was opposed by the incumbent transmission owner, Evergy.
Transmission Key to Xcel’s Renewables Development
Xcel Energy’s push to add nearly 10 GW of renewable energy will hinge largely on long-haul transmission projects, CEO Ben Fowke said.
Eversource’s New CEO Talks Future of Natural Gas
Eversource's incoming CEO Joe Nolan has spent 25 of years growing the company's renewable energy portfolio.
Eversource
Conn. Utilities Found Deficient in Tropical Storm Isaias Response
Connecticut regulators ruled that Eversource and UI did not meet acceptable standards in their response to Tropical Storm Isaias.
Vistra’s Winter Storm Loss Deepens to $1.6B
Vistra boosted its loss from February’s winter storm to $1.6 billion, an increase from its previous estimate of as much as $1.3 billion.
FirstEnergy Seeking Deal with DOJ in Bribery Case
FirstEnergy has disclosed it is negotiating with the U.S. Department of Justice regarding its role in a $60 million bribery and racketeering scheme.
Duke Energy Seeks Flexibility in Long-duration Storage
Duke Energy told the Energy Storage Association’s annual conference that it will need new storage technologies to meet its goal of net-zero emissions by 2050.
Offshore Wind Industry Working to Include MWBEs
The U.S. offshore wind industry is experiencing new pressure to include minority/women-owned business enterprises in their immense supply chains.
AEP’s Akins Lambasts FERC’s RTO Adder Proposal in Earnings Call
AEP CEO Nick Akins expressed his “extreme disappointment” with FERC’s recent proposal to limit a transmission rate adder incenting utilities to join RTOs.

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