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Analysts at a renewable energy conference warned that PG&E could still reject its renewable power purchase agreements in bankruptcy.
Entergy beat Wall Street’s expectations with a third-quarter adjusted earnings of $506 million ($2.52/share), up from $431 million ($2.35/share) a year ago.
The federal judge overseeing Pacific Gas and Electric’s bankruptcy named a mediator to help the utility and its bondholders negotiate a reorganization plan.
DTE Energy’s earnings fell last quarter despite gains for its electric business, it said during a call that highlighted its push for zero carbon emissions.
PG&E’s stock price fell to a record low as a huge wildfire its equipment is suspected of starting last week continued burning mostly uncontrolled.
Shell Energy asked the D.C. Circuit to review two FERC rulings in the GreenHat default case it denied the company a role in settlement negotiations.
American Electric Power’s third-quarter figures beat expectations with earnings of $734 million, up from $578 million over the same period in 2018.
Attorneys in the PG&E (NYSE:PCG) bankruptcy case sparred over the merits of their competing reorganization proposals, taking potshots at each other’s plans.
Xcel Energy reported earnings of $527 million ($1.01/share) for the quarter, up from $491 million the same period a year ago ($0.96/share).
A judge approved FirstEnergy Solutions’ reorganization plan after the company reached a settlement to preserve union contracts at two nuclear plants.
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