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July 4, 2024

earnings

Transmission Key to Xcel’s Renewables Development
Xcel Energy’s push to add nearly 10 GW of renewable energy will hinge largely on long-haul transmission projects, CEO Ben Fowke said.
Vistra’s Winter Storm Loss Deepens to $1.6B
Vistra boosted its loss from February’s winter storm to $1.6 billion, an increase from its previous estimate of as much as $1.3 billion.
FirstEnergy Seeking Deal with DOJ in Bribery Case
FirstEnergy has disclosed it is negotiating with the U.S. Department of Justice regarding its role in a $60 million bribery and racketeering scheme.
AEP’s Akins Lambasts FERC’s RTO Adder Proposal in Earnings Call
AEP CEO Nick Akins expressed his “extreme disappointment” with FERC’s recent proposal to limit a transmission rate adder incenting utilities to join RTOs.
NextEra Chief Declares ‘Love’ for GridLiance Tx Assets
NextEra Energy said its acquisition of GridLiance furthers its strategy to be “North America's leading competitive transmission provider.”
Vistra Stock Plunges After Market Losses
Vistra said it expects to take a $1.3 billion financial loss because of the state’s massive power outage and its subsequent effects on the ERCOT market.
PSEG Presses for Higher Nuke Subsidies
PSEG used the company’s earnings call to lobby for increased nuclear subsidies and said it expects to sell its non-nuclear generation by the end of 2021.
CenterPoint, OGE Look to Exit Enable
CenterPoint and OGE said Energy Transfer’s acquisition of Enable Midstream will allow them to focus on moving to a fully regulated utility business model.
Avangrid CEO Touts Renewable Energy Future
Avangrid touted its installation of nearly 620 MW of new wind projects last year and said it is poised to solidify its clean energy position in 2021.
AEP CEO Calls for More Stringent Reliability Measures
American Electric Power CEO Nick Akins called for stepped-up reliability measures following a winter storm that ravaged the Texas grid.

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