utility

A spokesperson for the Tennessee Valley Authority (TVA) confirmed that about 600 of the utility’s employees have taken buyouts. Some workers left the company starting in May, while others will exit by the end of September. The TVA on August 21 said the move is part of a plan to reduce costs as the federally owned utility tries to cut nearly $1 billion in spending by 2026.

Like many other household goods, the average monthly residential electric bill in the U.S. continues to increase. In 2024, bills hit an average of $182, an 8% increase over the past two years. Though the causes of the increases are well documented—inflation, the hottest summer ever recorded and an increased need to harden infrastructure due […]

The Biden administration has finalized a $15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to a single group in the history of the Dept. of Energy’s (DOE) Loan Programs Office (LPO). The Jan. 17 announcement comes one day after the outgoing administration said it would provide nearly […]

American Electric Power (AEP) subsidiary AEP Ohio filed a settlement agreement with the Public Utilities Commission of Ohio (PUCO) and key stakeholders on Oct. 23 to address the costs of power infrastructure improvements required for Ohio’s rapidly expanding data center industry. The agreement, which is subject to review and approval by PUCO, sets a precedent […]

A modern town without power—shuttered stores, empty parking lots and useless traffic lights—can resemble an eerie, dystopian future where residents struggle to get what they need. This is the short-term reality for localities that have been victims of targeted substation attacks, which have been rising steadily for the past decade. COMMENTARY At best, these widespread […]

The Arizona Corporation Commission (ACC) on June 21 issued an amended certificate of environmental compatibility (CEC) for Salt River Project Agricultural Improvement and Power District’s (SRP’s) 575-MW natural gas–fired Coolidge Expansion Project. The measure marks a hard-fought triumph for SRP, which urgently sought the plant’s expansion, arguing it is crucial for near-term system reliability and […]

In today’s rapidly changing world, utility providers play an increasingly important role in ensuring that people have access to the vital resources they need to power their homes, businesses, and communities. From electricity and gas to water and internet services, these providers are responsible for delivering critical resources that are essential to our daily lives. […]

One man’s ambition to electrify the Middle South and improve its economic outlook 110 years ago evolved from a handshake for steam from a boiler powered with waste sawdust into Entergy Corp., a

Historically, regulated industries like energy utilities have been slow to adapt to disruptive technologies compared to more competitive industries. But now, with new energy competitors and solutions emerging all the time, pressure to innovate and retain customers is mounting. Now, forward-thinking utilities like Entergy are offering customers a suite of value-added services to differentiate themselves […]

Building on analysis in its February 2021 Public Citizen, Inc. v. Centerpoint Energy, Inc. opinion, the Federal Energy Regulatory Commission (FERC) recently issued decisions in Evergy Kansas, Inc. (Evergy) and Transalta Energy Marketing (U.S.), Inc. (Transalta) analyzing whether investments that were under 10% of outstanding voting shares, but were paired with appointment of directors that […]

American Electric Power’s (AEP’s) long-serving chairman, president, and CEO, Nick Akins, will step down as CEO on Jan. 1, 2023, and has already passed the company’s presidency to Julie A. Sloat, AEP executive vice president, and chief financial officer (CFO). Sloat, 53, will become the power generating company’s CEO in January, making her the first […]

POWER magazine has always held a special place in my heart. After my father left the Navy, he became a power engineer and a loyal subscriber to the magazine. As a kid, I remember stacks of the publication all over the house. At the high point my father had hundreds of issues amassed over decades. […]

The energy transition will bring with it a new generation of cybersecurity challenges for the power sector. While information-sharing has been valuable, strategies to address issues related to vendor security, cyber talent, and lagging investment will also be critical, a former utility supply chain executive who led the development of an industry-wide cybersecurity risk exchange […]

Since its inception as Florida Power & Light Co. in 1925, NextEra Energy has transformed into the world’s largest utility company. The company’s history is symbolic of the growth and uncertainty that has characterized the history of power. 

At the Experience POWER conference, held in San Antonio, Texas, this week, POWER’s editorial team conducted several live interviews with industry leaders at its new Editors’ Studio. Here’s a recap of what you might have missed.  Executive Editor Aaron Larson talked to Paul Browning, president and CEO of Mitsubishi Power Americas (a company that sponsored the new video offering), […]

BROOKLYN, N.Y. and San Carlos, CA, February 18, 2021:EnergyHub today announced the release of Mercury Edge Connect, a standardized integration framework for connecting DER providers with EnergyHub’s Mercury DERMS. Mercury Edge Connect allows utilities to manage devices from any DER provider to deliver grid services. The addition of Mercury Edge Connect strengthens the ability of […]

Commercial and industrial businesses can get a boost from their electrical infrastructure by making their systems more dynamic, enabling new capabilities and control. What do you need your electrical

The novel coronavirus (COVID-19) has put communities on lockdown and created a need for social distancing. Many are staying at home, but that’s not an option for the frontline workers running critical power transmission infrastructure and keeping the lights on. How can utilities keep up with their operational and safety obligations with a reduced onsite […]

Extreme weather events are hitting more often and harder than ever before, and storm-hardening regulations are prompting utilities to strengthen the electrical grid to withstand storm-force winds. As part of this effort, leading utilities are using drone-based data collection and analysis to assess how their electrical grids can withstand Mother Nature’s punishment. Aerial robotics and […]

CenterPoint Energy, a Houston, Texas-based natural gas and electric utility company with sales and services operations in more than 30 states, on April 23 said it would buy Evansville, Indiana-based Vectren in a deal valued at more than $8 billion, including the assumption of more than $2 billion in Vectren debt. Both companies in statements […]

Utility poles are the literal backbone of the electric utility industry. With an estimated 180 million or more in the nation’s power grid, it’s not hard to imagine the monumental task associated with

September 13, 2016 10:00 AM Eastern Daylight Time HERNDON, Va.–(BUSINESS WIRE)–Greensmith Energy, one of the largest providers of energy storage software and integration services, announced today that American Electric Power (NYSE: AEP) has selected Greensmith as the software provider for a 2 megawatt/14 megawatt hour energy storage system in West Virginia. For the last five years, this […]

El Paso Electric Celebrates Milestone, National Environmental Organization Lauds Utility August 03, 2016 11:30 AM Eastern Daylight Time EL PASO, Texas–(BUSINESS WIRE)–El Paso Electric (EPE) (NYSE: EE) today celebrates a milestone as the only utility in Texas and New Mexico to generate electricity 100 percent coal-free. By eliminating the coal generation from the company’s portfolio […]

Southern Co., one of the nation’s largest investor-owned utilities, appears torn between enormous recent investments in advanced coal and nuclear technologies—the company’s successful strategy in the past—and a competing sense that natural gas and distributed energy might be the company’s ultimate future. The Southern Company, based in Atlanta, Ga., is a regional utility behemoth, mostly […]

Canadian utility Fortis wants to acquire ITC Holdings Corp., the largest independent electric transmission company in the U.S., to benefit from “low-risk” regulated power markets. The deal valued at about $11.3 billion will allow Fortis to enter the U.S. regulated power market overseen by the Federal Energy Regulatory Commission (FERC), providing a “unique, highly diversified, […]

New energy technologies, decreasing renewable energy costs, and low natural gas prices are forcing changes in the way traditional power companies must plan for the future. “A fundamental rethink is now well underway about how energy gets produced, delivered, consumed, and managed in many parts of the world, including the U.S.,” said Ethan Zindler, head […]

Falling power and gas prices will impact the operating cash flows of unregulated U.S. utilities in 2016, but regulated utilities will see a more stable outlook owing to a supportive regulatory environment, Moody’s Investors Service said in a new analysis of fundamental business conditions released on Nov. 6. Moody’s changed its 2016 industry outlook for […]

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 to work out a deal to restructure its $9 billion debt. Had the utility defaulted, according to financial experts, it could have triggered the default […]

If you work for a power generator or utility, chances are good that your company has concerns about filling open positions with qualified people. Though many utilities work closely with local community colleges, that approach often is not enough, and that’s where the Energy Providers Coalition for Education (EPCE) can help. This year for the […]