Company News
Brazos Electric Power Cooperative filed for Chapter 11 bankruptcy, saying it was unable to pay ERCOT $2.1 billion in unexpected charges.
Vistra said it expects to take a $1.3 billion financial loss because of the state’s massive power outage and its subsequent effects on the ERCOT market.
PSEG used the company’s earnings call to lobby for increased nuclear subsidies and said it expects to sell its non-nuclear generation by the end of 2021.
CenterPoint and OGE said Energy Transfer’s acquisition of Enable Midstream will allow them to focus on moving to a fully regulated utility business model.
Avangrid touted its installation of nearly 620 MW of new wind projects last year and said it is poised to solidify its clean energy position in 2021.
American Electric Power CEO Nick Akins called for stepped-up reliability measures following a winter storm that ravaged the Texas grid.
New PG&E CEO Patti Poppe vowed change as she laid out her vision for the utility, which reported a loss of $1.05/share for 2020.
Electricity industry experts wrestled with how the Midwest grid can fully decarbonize while facing increasingly common extreme weather events.
Vicious storms and an ongoing pandemic failed to hobble year-over-year profit growth, Entergy executives said.
Exelon plans to separate its regulated transmission and distribution utilities from its merchant power generation business.
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