Saturday, March 23, 2019

Company News

FERC Blocks GridLiance Oklahoma Tx Acquisition

FERC rejected GridLiance High Plains’ plans to acquire transmission from People’s Electric Cooperative, finding the company failed to prove the transaction would not have an adverse impact on rates. | People’s Electric Cooperative

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NextEra Gains Incentive for Hartburg-Sabine Project

FERC authorized NextEra Energy Transmission Midwest to recover all “prudently incurred” costs related to the company’s investment in the Hartburg-Sabine Junction 500-kV project in East Texas, MISO’s second-ever competitively bid transmission project. | MISO

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Entergy Beats Expectations with $66M Loss

Entergy reported a fourth-quarter loss of $66 million ($0.36/share), beating analysts’ expectations by 12 cents. OGE Energy reported quarterly and year-end earnings of 27 cents/share and $1.48/share, respectively.

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PG&E Lays out Billion-dollar Wildfire Plan

Pacific Gas and Electric proposed spending up to $2.3 billion this year on grid hardening and increased line inspections and vegetation management to prevent the ignition of wildfires. | State Farm

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