utility

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 […]