PJM set a new winter record for electricity use Friday, with demand hitting about 143,800 MW as dozens of cities broke low temperature records.
PJM President and CEO Terry Boston plans to retire effective Dec. 31. A search for a replacement is already underway.
PJM rejected most of the criticism of its Capacity Performance proposal, but dropped its proposed change in the method for determining the capacity obligations of load-serving entities.
AEP reported fourth-quarter earnings of $191 million ($0.39/share), compared with $346 million ($0.71/share) for the same period last year.
Exelon reported fourth-quarter earnings Friday of $18 million ($0.02/share), compared with $495 million ($0.58/share) in 2013.
PPL will file a base distribution rate case this year for its Pennsylvania business, CEO Bill Spence said during the company’s fourth-quarter earnings call.
Wisconsin Energy Corp. profits fell 16% in the fourth quarter on warmer weather and $6 million in costs related to its proposed acquisition of Integrys.
Dominion, a company that has made some dramatic shifts in direction in the past year, announced a significant drop in reported earnings for Q4 2014.
Eversource Energy (formerly Northeast Utilities) reported higher year-end earnings fueled by a strong fourth quarter and a drop in operating costs.
DTE Energy’s fourth-quarter earnings soared 141%, largely on growth in its non-utility operations.
