Company News
Consumers Energy announced plans to achieve net-zero emissions by 2040, putting it on track to achieve that goal a decade earlier than most of its peers.
Eversource touted its potential for offshore wind growth after its 2019 earnings were hit by a $204 million write-off of a failed Northern Pass project.
Despite PJM cancelling its capacity auction and parting ways with its CEO, CFO and general counsel, 89% of members are satisfied with the RTO's performance.
AEP reported fourth-quarter earnings of $153.5 million ($0.31/share), down from $363.4 million ($0.74/share) the year before.
Consolidated Edison reported 2019 net income of $1.34 billion ($4.09/share), down slightly from $1.38 billion ($4.43/share) the previous year.
The Michigan PSC told DTE Electric to extensively revise its 15-year IRP, finding the utility didn’t adequately factor in the benefits of renewable energy.
Calling it a “leadership transition,” CenterPoint Energy announced that Scott Prochazka has stepped down as the utility’s CEO.
California PUC President Marybel Batjer receivership may be necessary if PG&E can’t provide safe service once it exits bankruptcy.
PG&E reported multibillion-dollar losses in its quarterly and annual reports but expects sustainable financial performance after it emerges from reorganization.
FERC approved FirstEnergy Solutions’ bankruptcy plan by allowing investment funds to convert secured and unsecured bond claims into a 50% equity stake.
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