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September 29, 2024

Company News

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Environmentalists Call on Utility CEOs to Split with EEI on EPA Rule
A coalition of environmental groups wrote a letter to every EEI member CEO asking them to support EPA’s proposed emissions standards for power plants.
Microsoft
WEC Energy Group Touts Expanding Capacity, Load in Q2 Earnings
WEC Energy Group executives were optimistic over a new large industrial customer and new capacity additions during a second-quarter earnings call.
BPA
BPA Keeps Rates Flat, Plans $2B in Grid Upgrades

The Bonneville Power Administration said it would keep its power and transmission rates flat for the next two years, even as it pursues a $2 billion grid modernization effort.

Eversource
Eversource Takes Hit on Sale of Offshore Wind Assets
Eversource announced an after-tax impairment charge of $331 million related to the sale of its offshore wind assets in its quarterly earnings call.
PSEG
PSEG Touts ‘Wins’ in Ocean Wind Sale, Energy Efficiency
PSEG has marked a number of “wins” that align with New Jersey’s energy policies, CEO Ralph LaRossa said during the company’s second-quarter earnings call.
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Down Day: Xcel, AEP, CenterPoint Shares Slide After Earnings
Xcel Energy, AEP and CenterPoint energy reported lower second-quarter earnings during a down day for utilities and other sectors on Wall Street.
DTE Energy
DTE Earnings Focus on Faster Clean Energy Transition
DTE Energy touted the recently approved settlement on its 20-year resource plan in its second-quarter earnings call.
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DTE, Activists Announce Agreement to Exit Coal by 2032
DTE Energy reached an agreement with Michigan officials and environmental groups to add more renewable power and phase out coal use by 2032.
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FERC Approves Smaller Fine for BP After 5th Circuit Decision
FERC approved an $11 million fine for BP America that closes an investigation into natural gas price manipulation dating back to Hurricane Ike in 2008.
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Gates, Musk Discuss Clean Energy Innovation for Starstruck EEI Audience
Two of the world’s richest men drew crowds when they discussed energy future at Edison Electric Institute’s annual conference last month.

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