The latest crop of utility participants includes NRG Energy, Cleco Corp., Entergy, Louisville Gas & Electric/Kentucky Utilities, AEP’s distributed energy ventures group AEP OnSite Partners and Hindustan Power from India.
Nichols had served as president of the utility since 2016.
The deal allows for greater natural gas capacity without construction of a new pipeline. Con Edison also is continuing its $223 million Smart Solutions program for customer who want alternatives to natural gas.
Citing “dramatic, material changes” to its regulatory and financial conditions, Southern California Edison field the request with FERC to include an adjustment for the company’s extraordinary wildfire risk in the authorized return on equity (ROE) for the portion of its business regulated by FERC.
As long-tenured company mechanics and lineworkers leave the industry, both the availability of qualified and willing candidates and budget-conscious utilities have upped the percentage of contract resources to offset the reductions.
The $1.6 billion acquisition brings ConEdison’s Clean Energy Businesses portfolio to 2,600 MW of renewable assets in 17 states.
In its 10-Q filed with the U.S. Securities and Exchange Commission as part of its earnings report Tuesday, SCE stated it believes the ignition happened in Santa Paula and was one of two starting points for the Thomas Fire. The utility is working with the California Department Forestry and Fire Protection (CAL FIRE) to analyze the progression of the fire from that starting point and damages that occurred from it.
The projects, which are pending approval by the California Public Utilities Commission, include the Wildcat Energy Storage project (3 MW/12 MWh) near Palm Springs and the three Acorn Energy Storage projects (total combined capacity of 6.5 MW/26.5 MWh) in Thousand Oaks.
The SCE release comes after another press release issued by the Riverside County Fire Department and the California Department of Forestry and Fire Protection (CAL FIRE) indicating the utility’s equipment at fault for the blaze which destroyed one structure and an outbuilding.
The sale to New York-based ConEd is part of Sempra’s multi-phase strategic review, which includes eventually include selling all of the company’s non-utility wind and some midstream natural gas assets in the U.S.