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May 22, 2024

Company News

Electric cat, CC BY-SA 3.0, via Wikimedia Commons
AEP Ohio Asks PUCO for Data Center-specific Tariffs
AEP Ohio is asking state regulators to create new tariffs that would force data center developers to pay for 90 to 95% of their projected electrical demand for their first 10 years of operation, even if they use less.
© RTO Insider LLC
SPP Board of Directors/MC Briefs: May 7, 2024
SPP CEO Barbara Sugg warned the RTO’s board and stakeholders that the grid operator faces new and stronger headwinds, even as it met its corporate goals’ first-quarter milestones.
Ameren
Ameren: MISO Missouri Capacity Shortfall Likely Inconsequential
Ameren executives have reassured shareholders that Missouri’s capacity shortfall beginning this summer is no cause for panic.
Bechtel
Wisconsin PSC: Missing Info in We Energies’ Oak Creek Coal-to-gas Plans
The Public Service Commission of Wisconsin said it’s missing several details from We Energies regarding its multiyear plan to substitute gas for coal at its Oak Creek Power Plant.
Eversource
Eversource Announces $500M Cut in Connecticut Investments
Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.
Georgia Power
Southern Credits Strong Southeast Economy for Earnings Growth
Economic growth in the Southeast fueled first-quarter earnings of more than $1.1 billion, Southern Co. executives said.
Exelon
Exelon Focuses on ComEd, Other Rate Cases in Q1 Earnings Call
Exelon prioritized improving "our regulatory outlook in Illinois," CEO Calvin Butler said, after the state's Commerce Commission rejected ComEd's integrated grid plan for failing to meet core provisions of the Climate and Equitable Jobs Act.
Dominion Energy
OSW, Data Centers Loom Large in Dominion’s Outlook
Dominion expects to start installing monopiles for the Coastal Virginia Offshore Wind project between May 6 and 8, CEO Robert Blue told analysts during the company’s first-quarter earnings call.
Peretz Partensky, CC BY 2.0, via Wikimedia Commons
PSEG Sees New Market for Nuclear in AI, Data Centers
PSEG is looking to use excess capacity at its three South Jersey nuclear generators to provide clean energy for data centers and AI development projects, CEO Ralph LaRossa said in the company’s first-quarter earnings call.
PPL
Data Center Load Growth Driving PPL’s Plans
Rising demand from data centers will lead to increased investment in transmission in PPL’s utility territories, executives said during a first-quarter earnings call.

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