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September 6, 2024

Company News

Developer to Use Union Labor for New Jersey OSW Project
The developer of a proposed offshore wind project in New Jersey has signed an agreement to employ union workers for construction and operation.
Con Edison 2020 Earnings down 18% YOY
Con Edison’s 2020 earnings were down 18% from the previous year because of lower C&I demand during the pandemic and costs from Tropical Storm Isaias.
CenterPoint, Hedge Fund not Affiliates, FERC Rules
FERC rejected a claim that CenterPoint Energy concealed $625 million equity investment from a hedge fund manager that brought on new management.
PPL Close to UK Sale, Ramping up Investments
PPL officials are looking for the sale of its U.K. utility to help fund billions of dollars in clean energy and infrastructure investments in the U.S.
National Grid Explores Hydrogen for Home Heating
National Grid is participating in research to determine how to convert existing gas networks to support hydrogen that could be used for home heating.
FirstEnergy Shares Jump on Icahn Investment
FirstEnergy updated investors on the ongoing investigation into House Bill 6 and disclosed investor Carl Icahn is looking to acquire a stake in the company.
Eversource Reports Profit Increase, Carbon Decrease
Eversource Energy earned $1.2 billion ($3.55/share) in 2020, a nearly 33% increase over 2019’s earnings of $909.1 million ($2.81/share).
CEOs Seek Scalable Climate Solutions
A group of companies has formed the Net Zero Business Alliance to combat climate change and work with policymakers to achieve net-zero emissions.
Energy Transfer to Acquire Enable Midstream
Energy Transfer said it has entered into an agreement to acquire Enable Midstream Partners in a $7.2 billion all-equity transaction.
Green Bonds Must Attract More Investors, Panel Says
The market for bonds that address climate change is flourishing, with issuances that now exceed $1 trillion, but that still falls short of what is needed.

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