World Resources Institute researchers made an economic case this week for climate action, given the COVID-19 pandemic. Dan Lashof, the global research firm’s U.S. director, said 41 states have managed to reduce their carbon emissions in recent years while simultaneously growing their economies. That discredits the maxim that economic growth...

Evergy confirmed Wednesday that it will remain independent and released details of the standalone plan that helped guide its decision. CEO Terry Bassham told financial analysts during the company quarterly earnings call that Evergy’s Sustainability Transformation Plan "sets the stage for significant value creation and a strong future for Evergy...

Evergy has decided to stay single after dalliances with several potential acquisition partners, according to a published report. Quoting "people familiar with the matter," Bloomberg said Tuesday that the Kansas City-based company has decided to remain independent. Evergy has decided it can create more value for shareholders through a new...

ERCOT on Tuesday added two weeks to most of its COVID-19 coronavirus response measures, extending virtual meetings and barring most visitors from its facilities through May 17. The ISO, which manages almost 90% of the Texas grid, said it is closely monitoring the outbreak and following health agency guidance in...

By Tom Kleckner and Rich Heidorn Jr. American Electric Power on Monday warned shareholders that the company’s financial condition and operations could be "adversely affected" by the COVID-19 pandemic as other utilities considered delaying spring maintenance. In an 8-K filing with the Securities and Exchange Commission, AEP said it is...

By Rich Heidorn Jr. Moody’s Analytics said Friday it expects U.S. gross domestic product to drop by 2.3% for 2020 as a result of the "sudden stop" in the economy because of the COVID-19 coronavirus pandemic. Mark Zandi, Moody's Analytics | Moody's Analytics Moody’s expects a 2.2% drop in first-quarter...

By Tom Kleckner When ERCOT this week instituted mandatory work-from-home requirements for staff that do not need to be in the office to handle their job responsibilities, spokesperson Leslie Sopko quickly encountered one of the major distractions of working from home: children. "They followed me everywhere," she said Wednesday —...

By Tom Kleckner Having survived record temperatures despite slim reserve margins last summer, ERCOT is preparing to take on the Texas heat again in 2019 with reserve margins that have shrunk even further. The grid operator said in December that canceled gas projects, other delayed projects and increasing demand from...

By Rich Heidorn Jr. WASHINGTON — 2018 brought chilling warnings about the growing dangers of climate change — and seeming evidence of it in November’s Camp Fire that killed more than 80 people and destroyed almost 19,000 structures and the town of Paradise, Calif. It was the state’s most destructive...

By Rich Heidorn Jr. PJM ended an era in 2018 with the retirement of Chairman Howard Schneider, who had served on the Board of Managers since the RTO’s inception in 1997. But in many ways, the year was much like those before, with capacity and energy market rules under constant...