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September 9, 2024

Company News

PG&E Could Still Reject PPAs, Analysts Say
Analysts at a renewable energy conference warned that PG&E could still reject its renewable power purchase agreements in bankruptcy.
Entergy Beats Q3 Earnings Expectations
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.
PG&E Bankruptcy Judge Appoints Mediator
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 Posts Lower Q3 Earnings, Touts Decarbonization
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 Stock Plummets amid Wildfires, Shutoffs
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 Appeals FERC’s GreenHat Rulings
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.
AEP Beats Expectations with Strong Q3
American Electric Power’s third-quarter figures beat expectations with earnings of $734 million, up from $578 million over the same period in 2018.
UPDATED: Attorneys Clash over PG&E Reorg, Blackouts Resume
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 Talks Tx Build After Earnings Come up Short
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).
FirstEnergy Reorganization OK’d After Labor Settlement
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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