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September 28, 2024

Company News

Energy Harbor
FERC Approves Vistra Purchase of Energy Harbor, Requires Divestment
FERC approved Vistra's purchase of Energy Harbor, which will allow Vistra to set up a new clean generation/retail firm while spinning off the combined firms' fossil plants into a separate subsidiary.
Con Edison
ConEd to Invest $20B in Tx and Climate Resiliency Through 2028
Consolidated Edison will invest nearly $20 billion over the next four years in transmission infrastructure as part of its Reliable Clean City initiative and to mitigate climate vulnerabilities.
South Fork Wind
Eversource Finds OSW Buyer, Takes $1.95B Hit for 2023
Eversource finalized its long-running attempt to sell off its offshore wind assets, but not soon enough to avoid a $1.95 billion impairment for 2023.
Entergy
Entergy States Debut Long-range Tx Cost Allocation Proposal, MISO Members Unconvinced
Entergy regulatory staff revealed their vision for cost allocation on future long-range transmission projects, with multiple clean energy groups deeming the proposal incompatible with building a grid ready for the future.
Duke Energy
Duke Energy Projects Higher Earnings, Load Growth in 2024
Duke Energy reported an increase in projected load growth from economic development and migration at its 2023 year-end earnings call.
DTE Energy
DTE Highlights Improved Infrastructure in Year-end Earnings Call
DTE Energy touted its investments in infrastructure and clean energy during its fourth-quarter earnings call, with earnings down 1%.
Electric cat, CC BY-SA 3.0, via Wikimedia Commons
FERC Grants AEP Utilities Waiver of Capacity Obligation
FERC granted American Electric Power waivers to alter the capacity obligation calculation for four of its vertically integrated utilities in PJM to not include load growth outside their territories.
Shutterstock
FERC to Return $13.6M to BP from 2008 Enforcement Case
FERC approved the return of $13.6 million in penalties it had collected from BP over a case of alleged manipulation of Houston Ship Channel natural gas prices after Hurricane Ike in 2008.
U.S. Forest Service
CPUC Fines PG&E $45M for 2021 Dixie Fire

California regulators approved the penalty against Pacific Gas and Electric for the utility’s role in the the second-largest wildfire in the state’s history.

NextEra Energy Resources
NextEra: Disruption Only Strengthens the Company
NextEra CEO John Ketchum said the company relied on 25 years of experience to navigate “clear headwinds for renewables” over the past two years.

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