SEC

The U.S. Securities and Exchange Commission (SEC) announced on March 27 that it will no longer defend its controversial rules requiring companies to disclose climate-related risks, greenhouse gas (GHG) emissions, and governance practices. The decision, approved in a 3-2 vote along party lines, marks a significant shift in the agency’s approach to climate-related financial disclosures. […]

As the world grapples with fast-changing weather patterns, wildfires, record-breaking heat, and many other climate-related issues, it is becoming increasingly important to develop the technologies that will help to combat climate change. There is a race to develop new technologies that can capture, remove, and store carbon, create renewable energy, improve energy management and efficiency, […]

Investor-owned electric companies are thoroughly reviewing the Securities and Exchange Commission’s (SEC’s) broad new proposed rule that requires registrants to disclose climate-related risks and governance, and plan to remain engaged with the regulatory agency as the rulemaking continues. The proposed rule, which the SEC approved 3–1 on March 21, has drawn intense interest from the […]

A spate of major power companies—including American Electric Power (AEP) and Southern Co.—have acquiesced to investor pressure and announced drastic cuts to their generating fleet carbon emissions over the long term. Industry group Edison Electric Institute (EEI) this week launched an official industry-designed template to help its member utilities better inform investors about their environmental, […]

As required for the first time by a new Securities and Exchange Commission (SEC) rule mandated by the 2010 Dodd-Frank Act and Item 402(u) of Regulation S-K, public companies in early 2018 began disclosing ratios that compare total compensation paid to principal executive officers (PEOs), such as a CEO, to the median of the annual […]

 The Securities and Exchange Commission (SEC) last week reportedly closed an investigation concerning costs and delays at Mississippi Power’s now-abandoned Kemper integrated gasification combined cycle (IGCC) project without recommending an enforcement action. Mississippi Power on December 1 also reached an amended settlement agreement with key stakeholders on the remaining costs associated with the $7.5 billion […]

Mississippi Power has pushed back the in-service date of its much-delayed Kemper County integrated gasification combined cycle (IGCC) plant by a month, to October 31, 2016. Initial production of syngas at the plant began on July 14, and testing continues of gasifier B and related lignite feed and ash systems. “The schedule extension provides for […]

The U.S. Securities and Exchange Commission (SEC) is conducting a formal investigation concerning costs and delays plaguing Mississippi Power’s Kemper integrated gasification combined cycle (IGCC) plant. Southern Co., Mississippi Power’s parent company, revealed the investigation in a recent 10-Q financial filing. The company said that while it is fully cooperating with the SEC, it believes the […]

A handful of attorneys general want to join forces on ongoing and potential investigations into whether fossil fuel companies misled investors and the public about the impact of climate change on their businesses. New York Attorney General Eric T. Schneiderman announced the joint effort on March 29, during a one-day climate change conference for attorneys […]

American Electric Power (AEP), one of the biggest coal generators in the U.S., is withdrawing funds and staff resources from heavy lobbying efforts against the Clean Power Plan, sinking them instead into preparations for compliance with the controversial climate rule. The company has informed the American Legislative Exchange Council (ALEC) that it will not be […]