Articles

A private equity firm whose limited experience owning utilities is checkered with compliance problems and cost overruns is attempting to buy the New Mexico Gas Company (NMGC), raising concerns from regulators, environmental advocates and customers in that state about the company, Bernhard Capital Partners (BCP).  The proposed bid by BCP to purchase the gas utility...

FirstEnergy wants to add $108 million to the rates paid by customers of its Ohio utilities so the company can avoid taking a loss for a corporate accounting foul-up flagged repeatedly in audits by state and federal utility regulators.  A 2022 audit by the Federal Energy Regulatory Commission found that FirstEnergy’s subsidiaries may have mischarged...

Duke Energy has quietly become one of the most powerful funders behind North Carolina’s Republican Party and politicians, at a time when state GOP leaders have pursued their latest congressional gerrymander.

Half of the funds raised to combat the ballot initiative trace back to the utility.