GOP energy moderates lose big as Democrats retake House; GE to sell energy efficiency business with power division restructuring underway; States raise Exelon market power concerns over Mystic cost recovery proposal at FERC; Sonnen targets utility contract for Arizona aggregated storage project
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The company expects a slew of other transactions to close as part of a $20 billion sell-off program, in addition to Current, which will continue operating under the GE brand.
Electric vehicles are transitioning from a specialized market representing approximately 1% of U.S. car sales to an anticipated mainstream market of almost 25% of new car sales within seven years.
Exelon's threat to shut down the Mystic Generating Station if it does not receive financial support is a "charade," Connecticut utility regulators argued.
Of the same executives surveyed, 97% also believe that earnings will rise after 2025, once the utility sector has moved past the growing pains of modernization, according to the management consulting firm's study.
The firm is nearly doubling its wind and solar portfolio with its investment in sPower, co-owned by AES and the Alberta Investment Management Corporation.
In 2016, the research firm estimated the energy storage market could be valued at $250 billion or more by 2040 with 25 GW of the devices deployed by 2028.
The passage of Act 58 gives Pennsylvania regulators authority to approve alternative rate mechanisms, but utilities say a proposed policy statement is too heavy-handed.
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