Saturday, March 23, 2019

Company News

Xcel Again Betters Year-end Guidance

Xcel Energy reported that it once again met or exceeded its earnings guidance, posting year-end profits of $1.26 billion ($2.47/share), compared to $1.15 billion ($2.25/share) in 2017. | Xcel

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PG&E Files for Bankruptcy

PG&E Corp. and its primary operating unit, Pacific Gas and Electric, filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. | PG&E

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PG&E Cleared in Fire that Burned Santa Rosa

California fire investigators said Pacific Gas and Electric was not responsible for the Tubbs Fire, a catastrophic blaze that leveled parts of the city of Santa Rosa in October 2017. | Cal Fire

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FERC Expands Hearing on Entergy Grand Gulf Rates

FERC ordered hearing and settlement procedures on a complaint by the Louisiana PSC alleging that its ratepayers are being overcharged by an Entergy subsidiary that sells power from the Grand Gulf nuclear plant. | Entergy

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PG&E Credit Woes Spread, Worrying CAISO Members

Concern about the ripple effects of Pacific Gas and Electric’s financial meltdown had already spread last week as CAISO addressed worries about the utility’s potential to default on its payments to the ISO. | NASA

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PG&E’s Troubles Mount After Camp Fire

Two months after the deadliest wildfire in California history, PG&E is facing intense scrutiny from state lawmakers, regulators and a federal judge who is overseeing its probation for the 2010 San Bruno gas line explosion. | California National Guard

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Texas PUC Briefs: Dec. 22, 2018

The Public Utility Commission of Texas preliminarily approved a certificate of convenience and necessity for CenterPoint’s proposed 345-kV project near Houston.

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