Although provisions in the $900 billion stimulus package agreed to by Congress on Dec. 21 that will extend the solar investment tax credit (ITC) and the wind production tax credit…
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The National Rural Electric Cooperative Association (NRECA) is working feverishly to get a provision into the next COVID-19 stimulus package that would allow electric cooperatives to reprice loans from the…
Eskom, South Africa’s state-owned utility that produces nearly 90% of the African powerhouse’s electricity, is saddled with liabilities, unavoidable expenses, and stranded costs that exceed $113 billion, and for various…
Sempra Energy on April 22 marked its complete exit from the U.S. renewables business as it completed the sale of 724 MW of operating wind generation and battery assets to…
COMMENTARY Colorado lawmakers are considering legislation (HB19-1037) designed to help the state’s investor-owned utilities gracefully back out of non-economic coal-fired power plants. Colorado is at the forefront of states looking…
General Electric’s (GE’s) sale of its biopharma unit on February 25 is designed to reduce the company’s overall debt load, and CEO Larry Culp said the deal is the latest…
For the first time since it began conducting sector outlooks, Moody’s Investors Service has downgraded the regulated utility sector from stable to negative. The new outlook reflects a surge in…
NextEra Energy on May 21 said it would acquire several assets from Southern Co., including Southern’s ownership interest in two natural gas-fired power plants in Florida, in a deal valued…
Puerto Rico Electric Power Authority, PREPA, Wednesday made a $415 million payment to its creditors (mostly hedge fund investors), avoiding a default and giving the troubled government-owned utility more time…