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September 8, 2024

Company News

A Year Later, PG&E Close to End of Bankruptcy
Lawyers representing shareholders, fire victims and the government are still wrangling to secure a share of the multibillion-dollar pot PG&E will pay out.
Entergy Must Rework Pension Formula, FERC says
Entergy must provide a clearer rationale before it will be allowed to include a line item for pension costs in its rate base, FERC ruled.
NextEra Sees Competitive ‘Near Firm’ Renewables
NextEra Energy CEO Jim Robo told analysts that battery-backed “near firm” wind and solar power will be increasingly competitive by 2025.
Ravenswood Wins Extension on NYISO CRIS Rights
FERC granted Helix Ravenswood a limited waiver under NYISO’s Tariff to retain its CRIS rights for its deactivated gas turbines in New York City.
PG&E Settles with Bondholders; Governor Objects
PG&E settled with bondholders whose competing reorganization plan may have been the biggest threat to having its own Chapter 11 reorganization plan adopted.
PSO Officially Retires Oklaunion Coal Plant
Public Service Company of Oklahoma formally notified ERCOT that it will retire the coal-fired Oklaunion Power Station in the Texas Panhandle.
Texas PUC Approves LP&L Integration Project
The Texas Public Utility Commission approved modifications to proposed transmission lines necessary to integrate Lubbock Power & Light load into ERCOT.
Disasters Prompt California Rate Case Change
The California Public Utilities Commission decided to extend the general rate case cycle for the state’s investor-owned utilities from three years to four.
Texas PUC Approves EPE’s $4.3B Sale
The Texas Public Utility Commission approved J.P. Morgan’s $4.3 billion purchase of El Paso Electric after staff proposed ring-fencing measures.
FEMA Wants $4 Billion from PG&E in Bankruptcy
FEMA's claims that Pacific Gas and Electric owes it more than $3.9 billion have thrown the utility’s Chapter 11 case into disarray.

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