Dive Brief: Pacific Gas & Electric (PG&E) received court approval Tuesday for a contingency plan that is part of a series of commitments it made to win the support of California Gov. Gavin Newsom, D, — but a committee representing victims of the Northern California wildfires has raised fresh concerns about the utility's plan to exit bankruptcy. The committee … [Read more...] about PG&E bankruptcy contingency plan approved, but fire lawyers remain concerned about payouts
Utilities move to delay rate case proceedings during pandemic
Dive Brief: Dominion Energy in South Carolina and several other utilities have asked to delay their requests for rate increases given the novel coronavirus pandemic. In New York, an epicenter of the outbreak, regulators have approved multiple deferrals, from three to five months, according to a report from Moody's on Monday. Regulators in North Carolina and other states … [Read more...] about Utilities move to delay rate case proceedings during pandemic
Ann Arbor, Michigan's $1B climate plan explores resiliency in a time of crisis
Dive Brief: Ann Arbor, MI unveiled its $1 billion climate action plan last week with bold ambitions to reach carbon neutrality by 2030. Now, city leaders say they are exploring how its resiliency aspects can be accelerated considering the effects of the new coronavirus (COVID-19). The draft plan, titled "A2Zero," has six core strategies to achieving that goal: powering the … [Read more...] about Ann Arbor, Michigan's $1B climate plan explores resiliency in a time of crisis
NextEra mulls bid for Evergy amid market volatility, may face competing offers from AEP, Ameren: Report
Dive Brief: NextEra Energy's internal evaluations of a potential acquisition of Evergy are in their preliminary stages, according to a report from Reorg M&A. Other utilities, including Ameren and American Electric Power (AEP), are also interested in acquiring the Kansas-based utility, according to previous reports. Evergy is under pressure from activist investor Elliott … [Read more...] about NextEra mulls bid for Evergy amid market volatility, may face competing offers from AEP, Ameren: Report
Xcel sells 720 MW gas plant less than 3 months after purchasing through unregulated subsidiary
Dive Brief: Xcel Energy on Monday announced the sale of its 720 MW natural gas plant, despite less than three months ago creating an unregulated subsidiary to purchase the plant, and previously naming it a "critical" step toward the utility's 2050 carbon-free goals. Xcel purchased the Mankato Energy Center (MEC) on Jan. 17 through a newly-formed unregulated subsidiary after … [Read more...] about Xcel sells 720 MW gas plant less than 3 months after purchasing through unregulated subsidiary