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September 8, 2024

Company News

PSEG’s Izzo Skeptical of FRR Option
PSEG CEO Ralph Izzo expressed skepticism that New Jersey utilities will abandon the PJM capacity market over the expanded minimum offer price rule.
Avangrid Optimistic on NECEC, OSW
Avangrid expects to begin construction this year on the New England Clean Energy Connect transmission project despite a potential referendum in Maine.
Consumers Energy Accelerates Zero-carbon Target
Consumers Energy announced plans to achieve net-zero emissions by 2040, putting it on track to achieve that goal a decade earlier than most of its peers.
Eversource Sees Steady OSW Growth
Eversource touted its potential for offshore wind growth after its 2019 earnings were hit by a $204 million write-off of a failed Northern Pass project.
PJM Member Satisfaction Rating Drops Slightly
Despite PJM cancelling its capacity auction and parting ways with its CEO, CFO and general counsel, 89% of members are satisfied with the RTO's performance.
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Renewables Key to AEP’s Performance
AEP reported fourth-quarter earnings of $153.5 million ($0.31/share), down from $363.4 million ($0.74/share) the year before.
Con Edison 2019 Earnings down Slightly
Consolidated Edison reported 2019 net income of $1.34 billion ($4.09/share), down slightly from $1.38 billion ($4.43/share) the previous year.
Michigan PSC Orders DTE to Redo IRP
The Michigan PSC told DTE Electric to extensively revise its 15-year IRP, finding the utility didn’t adequately factor in the benefits of renewable energy.
Prochazka Steps down as CenterPoint CEO
Calling it a “leadership transition,” CenterPoint Energy announced that Scott Prochazka has stepped down as the utility’s CEO.
CPUC President Wants More Control over PG&E
California PUC President Marybel Batjer receivership may be necessary if PG&E can’t provide safe service once it exits bankruptcy.

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