Category: Articles
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,...
Utility CEOs received over $1 billion in executive compensation from 2017 – 2019
Investor-owned utilities' CEO compensation was up 26% in 2019 over 2018.
As DTE and Consumers Energy Appear to Ignore Industry Suspension Pledge, Michigan PSC Opens Coronavirus Docket and Orders Utilities To Report Current Disconnect Data
Latest available data shows customers possibly without service
Tom Fanning Floats Misleading Updated Greenhouse Gas Goal
The updated greenhouse gas goal, as described by Fanning, would allow Southern Company to claim “net-zero” emissions by taking credit for transportation electrification, despite the company’s continued use of fossil...
Caught in patchwork of policies and pledges, some utility customers may still be awaiting electricity restoration or racking up fees
A mosaic of state policies and voluntary pledges has meant that the effects of missing a utility payment are playing out unevenly across the country.
Coal mining companies and state of Wyoming secretly funded “Independence Institute” campaign to keep Colorado coal plant running
Coal mining companies and the state of Wyoming secretly coordinated and funded a campaign against Xcel Energy’s proposal to close two units at the largest coal plant in Colorado. While...
Reports find Vectren customers can save millions if renewables replace coal, but utility continues with coal investments
Morgan Stanley and Sierra Club analyses find Vectren has opportunity to benefit customers in upcoming energy plan filings
Mississippi Power Doubles Down on Uneconomic Coal Despite Southern Company’s “Low to No Carbon” Claim
Mississippi Power, a Southern Company subsidiary, is spending as much as $96.8 million to extend operations at the coal-fired Plant Daniel, despite the fact that the utility could save customers...
Utilities that have and have not suspended disconnects amid COVID-19
EPI is tracking the states that have binding protections against electricity disconnections and when the protections expire.
Morgan Stanley: Duke, other utilities ignoring profit opportunity by failing to decarbonize rapidly
Morgan Stanley analysts say utilities can grow earnings by accelerating coal-to-renewables switch, but some utilities are letting the opportunity slip away.