TVA Cuts “Flexibility” Promises to Local Power Companies by 80%, Enters Into Questionable Contracts

Key Points: The Tennessee Valley Authority promised its local distribution utilities the ability to self-generate up to 5% of their own electricity, what it termed “flexibility”, as an incentive to...

/ May 29, 2020
Coal-fired Plant Scherer

Southern Company Pledges Net Zero Emissions by 2050 but Doubles Down on Fossil Fuels

国产 亚洲 中文在线 字幕Southern Company unveiled an updated “net-zero” carbon goal yesterday at its Annual Meeting which relies heavily on negative emissions to enable continued investment in fossil fuels such as coal and...

/ May 28, 2020

Major banks announce new policies to help push utilities away from coal

Key Points: Major financial institutions have announced new policies that limit how they do business with companies that remain reliant on coal. Leading financial institutions’ coal exclusion policies assess electric...

/ May 25, 2020

Murray Energy paid nearly $1 million to law firm that fought renewable energy

Updated on May 22, 2019 with additional information about an Ohio Power Siting Board decision that could kill the Icebreaker offshore wind power project on Lake Erie, and the role...

/ May 19, 2020

North Carolina utilities not reconnecting customers during COVID-19 pandemic

国产 亚洲 中文在线 字幕Thousands remain without electricity, gas, or water during crisis

/ May 12, 2020

Duke Energy Climate Report charts fossil fuel-laden path to net-zero, lagging behind peers

Key Points: Duke Energy released a new climate report describing potential pathways to achieve net-zero carbon emissions by 2050. Its main scenario relies heavily on fossil gas expansion, offsets, and...

/ May 5, 2020

Southern Company’s Lobbying Disclosures Obscure State-Level Information from Investors, Public

CEO Fanning gets credit toward bonus for coal closures after opposing federal regulations.

/ April 30, 2020

Two Controversial Virginia Gas Plants Face Increasing Uncertainty, Documents Show

Two planned gas-fired power plants in Virginia are facing growing difficulties caused in part by the economic fallout of the coronavirus pandemic, according to recent documents filed by the plants’...

/ April 29, 2020

After its $2.65 billion gas asset acquisition, DTE Energy tells Wall Street there is nothing to worry about as Fitch downgrades the company

With an already troubled gas sector roiled by fallout from the coronavirus pandemic, DTE Energy is facing concerns from shareholders over the company’s growing exposure to natural gas.  DTE Midstream,...

/ April 28, 2020
Utility Executive Compensation

Utility CEOs received over $1 billion in executive compensation from 2017 – 2019

Investor-owned utilities' CEO compensation was up 26% in 2019 over 2018.

/ April 27, 2020