Articles by John Funk

AEP said that it had received a subpoena from the SEC seeking documents related to how it might have benefited from the passage of Ohio H.B. 6 in 2019.

California’s goal to meet its power needs with 100% renewable energy by 2045 makes a suggested offshore wind development target of at least 10 GW insufficient, a major developer said. Paula Major, US Offshore Wind | Paula Major "When we look at ... the estimated 145 GW of new renewables...

In the wake of the Biden administration’s announced goal to see 30 GW of offshore wind generation built by 2030, two of the industry’s major developers are stressing that carefully coordinated port development must occur first, which could take years and require massive funding through public-private partnerships. John Pauling, Ørsted...

The Biden administration does not have specific plans to coordinate domestic efforts and prove to other nations, as well as U.S. utilities and industries, that the country is fully committed to cutting carbon emissions in half by 2030 and achieving net-zero emissions by 2050. President Joe Biden | The White...

Backed by state leaders, Charlotte, N.C.-based Duke Energy (NYSE:DUK) on Monday rejected hedge fund Elliott Management’s proposal to break up the company into three regionally focused, publicly traded utilities. Elliott — whose management of funds invested in Duke make it one of the company’s top 10 investors, it claims —...

The Biden administration’s plan to invest in renewable energy to revitalize the economy while battling climate change became a lot clearer at the second virtual session of this year’s Business Network for Offshore Wind’s International Partnering Forum (IPF). Held on the 126th day of President Biden’s term and just two...

Canadian electric vehicle manufacturer Lion Electric plans to build a 900,000 square-foot plant in Joliet, Ill., with an annual productive capacity of up to 20,000 medium- and heavy-duty urban trucks and school buses. Construction is expected to ramp up in the second half of this year, and the first vehicles...

Duke Energy’s shareholders are fine with CEO Lynn Good also continuing to serve as chair of the company’s board of directors. A proxy proposal presented at the company’s annual meeting Thursday requiring the chair to be independent — that is, not an officer of the company — failed. Only 35%...

The nation’s largest utility is facing criticism from a multistate citizens coalition for its climate record. Duke Energy CEO Lynn Good | Duke Energy The Duke Energy Accountability Coalition has called for shareholders to vote Duke Energy CEO Lynn Good off the Charlotte, N.C.-based company’s board of directors during its...

Moving the nation to net-zero carbon emissions will require a massive transformation of the grid, and that won’t easily happen without a revolution in the relationship between regulators, energy providers and energy technology innovators, a panel of business, technology and government experts concluded this week. One way to foster this...