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February 23, 2025

Company News

Bonneville Power Administration
BPA Hit FY24 Reliability Targets Despite Wildfires, Peak Load Records
BPA hit all its reliability goals in fiscal year 2024 despite massive wildfires, peak load records and public safety power shutoffs, according to agency staff.
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Voltus Hires Its 2nd Former FERC Chair in Chatterjee
Former FERC Chair Neil Chatterjee is joining Voltus, where he will advise the firm as it engages in the implementation of Order 2222, which was issued under his chairmanship at the regulator.
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Power Market Costs Behind Rate Increases, PGE Says
Portland General Electric’s rate hikes largely stem from increased wholesale power market costs, the utility wrote after Sen. Ron Wyden voiced concern that Oregon customers are struggling to pay their electricity bills.
Powerex
Powerex to Cancel Rights on PacifiCorp Tx System over EDAM Changes
Powerex intends to terminate a large portion of its rights on PacifiCorp’s transmission system in response to the utility’s plans to update its transmission tariff to align with CAISO’s EDAM.
Avangrid
Avangrid Sues NextEra over ‘Scorched-earth Scheme’ to Stop NECEC
In an antitrust lawsuit filed in federal court, Avangrid accused NextEra Energy of conducting an “exclusionary and anticompetitive scheme” to stop a major transmission project connecting New England to Quebec.
Admin Monitor
Texas PUC Approves 1st System Resiliency Plan
Texas regulators approved the state’s first utility resiliency plan, a $3 billion proposal from Oncor to bulk up its distribution system over the next four years to better withstand and more quickly recover extreme weather and other events.
Shutterstock
Stakeholder Soapbox: AI, Electric Grid Can be Partners in Equitable Energy Transformation
If data centers are connected to the grid they should contribute to the cost of the network infrastructure providing those services, Exelon Executive Colette Honorable said.
PNM Resources
PNM Picks CAISO’s EDAM

The New Mexico utility announced its intention to join CAISO’s Extended Day-Ahead Market, extending EDAM’s reach farther into the Desert Southwest in its latest victory over SPP’s Markets+.

Duke Energy
Duke Reports on Hurricanes’ Impact, SMR Plans in Q3 Earnings
Duke Energy reported third-quarter earnings of $1.226 billion ($1.60/share), a dip of about 15% from the same period in 2023, as its utility territories were hit by three hurricanes.
Matt Weldon
AEP CEO: Transmission Provides Foundation for Growth
Newly minted American Electric Power CEO Bill Fehrman is promising to “embrace large load opportunities,” leverage its expertise in 765-kV transmission and deliver more positive regulatory outcomes.

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