Company News
California’s deadliest and most destructive wildfire has set off a new round of turmoil for Pacific Gas and Electric.
FERC would no longer review mergers valued at less than $10 million under a Notice of Proposed Rulemaking.
Pinnacle West Capital is poised to move forward with its own clean energy plans after Arizona voters rejected Proposition 127.
Sempra Energy is on-track to sell its renewable energy assets and invest the funds elsewhere, the company said in its third-quarter earnings call.
NRG Energy earned of $306 million last quarter, up 65% from the same period a year ago on strong returns for the company’s generation business.
OGE Energy reported a 2018 third-quarter earnings of $205 million, while CenterPoint Energy reported earnings of $153 million.
PG&E is already falling under suspicion for starting the Camp Fire after one of the utility’s transmission lines was reported downed at the time and location of the fire’s ignition.
NorthWestern Energy said that it will join the Western Energy Imbalance Market in spring 2021, making it the 14th utility to announce plans to sign on.
PG&E described its wildfire prevention efforts in a third-quarter earnings call, in which it also reported net income of $564 million ($1.09/share).
Edison International’s president said that equipment owned by its Southern California Edison subsidiary was at least one cause of the Thomas Fire.
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