Utility Dive

“The load profile is different from anything utilities have planned for before,” said Aparna Prabhakar, chief strategy and sustainability officer, energy management, for Schneider Electric.

Power now accounts for as much as 40% of the company’s revenue, CEO Alexandre L’Heureux said during a second-quarter earnings call.

One parcel in New Mexico sold for $701 per acre in June. Analysts cited stronger bidder competition as the Bureau of Land Management prepares for another lease sale in Utah scheduled for Aug. 18.

OATI seeks federal funding for widespread deployment of dynamic line rating software, near-real-time inter-regional coordination and AI-enhanced resource dispatch — none of which requires new poles or wires, the company says.

The company plans to double its manufacturing capacity as it continues to see a “strong supply-demand environment” for gas turbines in the U.S., CFO Hiroshi Nishio said.

Ascend Analytics says more than 80% of new large loads seeking interconnection will not have matching generation online by 2030, even as data centers and industrial demand continue to surge.

The New York-based utility company is pursuing growth through electrification, in alignment with city and state climate policies, it said last week.

The Virginia State Corporation Commission said it may use an upcoming docket to weigh whether this policy “could or should” also apply to more upstream transmission costs.

In June, a district court judge rejected PSCo’s effort to acquire roughly 550 feet of easement via eminent domain to connect two nearly complete wind farms totaling more than 1 GW. The utility says the project delays are harming ratepayers.

The PJM Interconnection is considering setting “ride-through” standards after data centers tripped offline in Northern Virginia on July 22, the latest and largest such event in PJM’s history, the grid operator said.

Battery leases with low or no up-front costs are attractive in markets with well-developed virtual power plant programs and persistent grid congestion, but experts see them taking off elsewhere, too.

Power generation retail sales grew 72% year over year. To meet demand, the company is resuming production of a 10-MW medium-speed gas reciprocating engine platform it stopped manufacturing in 2022, said CEO and Chairman Joseph Creed.

The company is in “advanced discussions” with large-load customers representing another 1 to 2 GW, CEO David Campbell said during a second-quarter earnings call.

A group of incumbent utilities asked FERC to suspend competitive bidding for some transmission projects. The responsive filings are in, and the record does more than rebut the complaint — it dismantles it, writes Jim Rossi of Vanderbilt Law School.

The residential solar-and-storage provider is looking to diversify its revenue while increasing focus on “unlocking value from the customers and assets we already have,” CEO Mary Powell told investors.

“I'd like to see the queues culled, at the end of the day,” said Vistra CEO Jim Burke in a second quarter earnings call.

Although the PJM Interconnection aims to hold a backstop reliability auction in late September, Vincent Sorgi, PPL president and CEO, said he expects bilateral contracting will be the main pathway for adding generation in the region.

The company booked 15 GW in new orders this quarter, executives said, with lead times running three years or more. It also plans to expand its transformer manufacturing capacity 50% by 2030.

The future of grid reliability is proactive, not reactive. Learn how leading utilities are building resilience before the next storm hits.

Utilities are spending billions to modernize the grid, but the system responsible for billing customers is not keeping up, writes GridX Chief Commercial Officer Scott Engstrom.