Energy in the United States

Avista Corp. Reports Financial Results for Second Quarter and Year-to-Date 2021, Confirms 2021 Consolidated Guidance, Lowers Avista Utilities Guidance for 2021 and 2022, and Confirms 2023 Consolidated Guidance

Retrieved on: 
Wednesday, August 4, 2021
Avista, Corporate finance, Earnings guidance, Economy, Energy in the United States, Companies

In April 2021, we repaid the outstanding balance on our one-year credit agreement that we entered into in April 2020.

Key Points: 
  • In April 2021, we repaid the outstanding balance on our one-year credit agreement that we entered into in April 2020.
  • Avista Utilities capital expenditures were $211 million for the six months ended June 30, 2021, and we currently expect Avista Utilities capital expenditures to total about $450 million in 2021.
  • Avista Corp. is confirming its 2021 consolidated earnings guidance with a range of $1.96 to $2.16 per diluted share.
  • We are confirming our 2023 consolidated earnings guidance with a range of $2.42 to $2.62 per diluted share.

Avista Launches Robust Transportation Electrification Programs

Retrieved on: 
Tuesday, August 3, 2021
Avista, Electric vehicle, Spokane, Washington, Energy in the United States, Energy, Economy of the United States

SPOKANE, Wash., Aug. 03, 2021 (GLOBE NEWSWIRE) -- The Washington Utilities and Transportation Commission recently approved programs outlined in Avistas Transportation Electrification Plan (TE Plan), building off the learnings from the pilot programs started in 2016.

Key Points: 
  • SPOKANE, Wash., Aug. 03, 2021 (GLOBE NEWSWIRE) -- The Washington Utilities and Transportation Commission recently approved programs outlined in Avistas Transportation Electrification Plan (TE Plan), building off the learnings from the pilot programs started in 2016.
  • Low-income and underserved community programs are a top priority as is support for its Washington business customers goals around fleet electrification, supported by consulting services, commercial EV rates and electric forklift incentives.
  • These services and programs are now underway and available for Washington electric customers.
  • Avistas electric transportation offerings represent a positive outcome for our customers and the company, said Rendall Farley, electric transportation manager at Avista.

Exelon Spent $11.2 Billion With Diverse Suppliers From 2016-2020

Retrieved on: 
Monday, August 2, 2021
Energy, Other Energy, Utilities, Oil, Gas, Exelon, Constellation, Economy of the United States, Energy in the United States, Energy

Exelon spent $11.2 billion with diverse-certified suppliers across its enterprise from 2016-2020, while Exelons 2020 $2.7 billion spend alone supported 19,967 jobs and generated an incremental $3.6 billion in revenue and $1.1 billion in wages for local businesses in communities the company serves.

Key Points: 
  • Exelon spent $11.2 billion with diverse-certified suppliers across its enterprise from 2016-2020, while Exelons 2020 $2.7 billion spend alone supported 19,967 jobs and generated an incremental $3.6 billion in revenue and $1.1 billion in wages for local businesses in communities the company serves.
  • These and other findings are included in the 2020 Exelon Diverse Business Empowerment (EDBE) Annual Report .
  • The expenditures spanned the entire business, including Exelons six electric and gas utilities, Exelon Generation and Constellation.
  • Exelon operates in some of the nations largest and most ethnically diverse metropolitan areas, including Baltimore, Chicago, Washington, D.C., and Philadelphia.

Consumers Energy Again Named One of America's Top Companies for Women

Retrieved on: 
Monday, August 2, 2021
CMS Energy, Consumers Energy, Economy of the United States, Companies, Energy in the United States

JACKSON, Mich., Aug. 2, 2021 /PRNewswire/ -- Consumers Energy is one of the top 20 best employers for women in the country and No. 1 in Michigan, according to a new ranking from Forbes Magazine. The national recognition reflects Consumers Energy's long-standing commitment and continued efforts to support diversity, equity and inclusion, Cathy Hendrian, senior vice president of people and culture said.

Key Points: 
  • JACKSON, Mich., Aug. 2, 2021 /PRNewswire/ --Consumers Energy is one of the top 20 best employers for women in the country and No.
  • In April 2021, Forbes also named Consumers Energy one of America's Best Employers for Diversity.
  • Despite the national recognition, Consumers Energy will continue to strive for improvement, Hendrian said.
  • Consumers Energy, Michigan's largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.8 million of the state's 10 million residents in all 68 Lower Peninsula counties.

Avangrid Renewables’ Kitty Hawk Offshore Wind Project Advances in BOEM Permitting Process

Retrieved on: 
Thursday, July 29, 2021
Commercial Building & Real Estate, Utilities, Construction & Property, Environment, Alternative energy, Energy, Building Systems, Urban planning, Vineyard Wind, Avangrid, Companies, Iberdrola, Energy in the United States, Economy of Spain, Avangrid Renewables, AVANGRID:, AVANGRID RENEWABLES, AVANGRID:

Kitty Hawk builds on our successful development of over 1,600 megawatts of offshore wind projects in New England, said Alejandro de Hoz, President and CEO of Avangrid Renewables.

Key Points: 
  • Kitty Hawk builds on our successful development of over 1,600 megawatts of offshore wind projects in New England, said Alejandro de Hoz, President and CEO of Avangrid Renewables.
  • Kitty Hawk North is a game changer for the mid-Atlantic, said Bill White, head of offshore wind for Avangrid Renewables.
  • In addition to Kitty Hawk, Avangrid Renewables is a partner on Vineyard Wind 1, the first commercial-scale offshore wind project in the United States which will deliver 800 MW of clean energy to Massachusetts beginning in 2023.
  • About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group.

Exelon Appoints W. Paul Bowers to Board of Directors

Retrieved on: 
Thursday, July 29, 2021
Alternative energy, Energy, Utilities, Oil, Gas, Exelon, Companies, Energy in the United States, Economy of the United States

Exelon today announced that its board of directors elected W. Paul Bowers to join the board as a director.

Key Points: 
  • Exelon today announced that its board of directors elected W. Paul Bowers to join the board as a director.
  • Pauls executive experience in the energy sector will be invaluable to the board, said Mayo Shattuck, chairman of Exelon.
  • A Pensacola, Fla., native, Bowers holds a bachelors degree from the University of West Florida and a masters degree from Troy University.
  • Follow Exelon on Twitter @Exelon.

PNM and AVANGRID File Additional Customer Benefits and Customer Safeguards in Merger Application

Retrieved on: 
Friday, July 30, 2021
PNM Resources, PNM, Tobago Council of the People's National Movement, Avangrid, Energy in the United States, Economy of the United States, Political parties

filed documents in the merger application of its parent company, PNM Resources, Inc. (NYSE: PNM), with AVANGRID.

Key Points: 
  • filed documents in the merger application of its parent company, PNM Resources, Inc. (NYSE: PNM), with AVANGRID.
  • In the filings, PNM and AVANGRID detailed new commitments and agreements with parties to increase customer rate benefits, economic development benefits, and safeguards to ensure continued customer reliability and customer service.
  • Customer Rate Benefits: Customer rate benefits have been negotiated among the parties since the merger was filed.
  • PNM has also agreed to not file for a change to its base rates or for any new tariffs before June 1, 2022.

Exelon Generation Submits Decommissioning Plans for Byron and Dresden Nuclear Plants

Retrieved on: 
Wednesday, July 28, 2021
Energy, State, Local, Nuclear, Public policy, Government, Utilities, Exelon, Energy in the United States, Energy, Economy of the United States

Exelon Generation, owner and operator of the Byron and Dresden nuclear energy facilities, will file Post Shutdown Decommissioning Activity Reports (PSDARs) today with the Nuclear Regulatory Commission, detailing long-term site restoration plans for both stations after they shut down this fall.

Key Points: 
  • Exelon Generation, owner and operator of the Byron and Dresden nuclear energy facilities, will file Post Shutdown Decommissioning Activity Reports (PSDARs) today with the Nuclear Regulatory Commission, detailing long-term site restoration plans for both stations after they shut down this fall.
  • With the PSDARs complete, Exelon Generation is now preparing to issue job reduction notifications to employees impacted by the plant shutdowns.
  • Exelon Generation owns and operates the largest U.S. fleet of zero-carbon nuclear plants with more than 17,800 megawatts from 21 reactors at 12 facilities in Illinois, Maryland, New York and Pennsylvania.
  • Follow Exelon Generation on Twitter @ExelonGen, view the Exelon Generation YouTube channel or visit exeloncorp.com.

Exelon Corporation Declares Dividend

Retrieved on: 
Tuesday, July 27, 2021
Other Energy, Utilities, Oil, Gas, Alternative energy, Energy, Nuclear, Exelon, Energy in the United States, Exc, Dividend, Energy, Economy of the United States, Constellation

The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.3825 per share on Exelons common stock.

Key Points: 
  • The Board of Directors of Exelon Corporation declared a regular quarterly dividend of $0.3825 per share on Exelons common stock.
  • The dividend is payable on Friday, September 10, 2021, to shareholders of record of Exelon as of 5 p.m. Eastern time on Friday, August 13, 2021.
  • Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2019 revenue of $33 billion.
  • Follow Exelon on Twitter @Exelon.

FirstEnergy Reaches Agreement to Resolve Department of Justice Investigation

Retrieved on: 
Thursday, July 22, 2021
Corporate crime, FirstEnergy, Companies, Economy of the United States, Energy in the United States

AKRON, Ohio, July 22, 2021 /PRNewswire/ --FirstEnergy Corp. (NYSE: FE) today announced that it has entered into an agreement with the U.S. Attorney's Office for the Southern District of Ohio to resolve the previously disclosed investigation.

Key Points: 
  • AKRON, Ohio, July 22, 2021 /PRNewswire/ --FirstEnergy Corp. (NYSE: FE) today announced that it has entered into an agreement with the U.S. Attorney's Office for the Southern District of Ohio to resolve the previously disclosed investigation.
  • We thank the office of the United States Attorney for the Southern District of Ohio for its professionalism and engagement with FirstEnergy throughout this process."
  • Under the three-year deferred prosecution agreement, FirstEnergy has agreed to pay a penalty of $230 million, and has agreed to the government's filing of a single charge of conspiracy to commit honest services wire fraud.
  • The charge will be dismissed, provided FirstEnergy abides by all terms of the agreement.