Company News
PSEG CEO Ralph Izzo expressed skepticism that New Jersey utilities will abandon the PJM capacity market over the expanded minimum offer price rule.
Avangrid expects to begin construction this year on the New England Clean Energy Connect transmission project despite a potential referendum in Maine.
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 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.
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.
AEP reported fourth-quarter earnings of $153.5 million ($0.31/share), down from $363.4 million ($0.74/share) the year before.
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.
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.
Calling it a “leadership transition,” CenterPoint Energy announced that Scott Prochazka has stepped down as the utility’s CEO.
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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