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Electric Upgrades Boost Reliability for McKean County Customers
Prnewswire· 2026-01-28 14:52
John Hawkins, FirstEnergy President, Pennsylvania: "We know how much our customers count on reliable electricity every day to brighten their homes and power their businesses. We're investing in new equipment to get ahead of outages before they happen – and respond faster when they do. These upgrades are expected to make a real difference for the Bradford community." Upgrades That Deliver Impact Work part of $538 million investment to benefit Penelec customers ERIE, Pa., Jan. 28, 2026 /PRNewswire/ -- FirstEn ...
Ontario designates Hydro One to build the Greenstone Transmission Line
Prnewswire· 2026-01-28 14:19
Core Viewpoint - The Ontario government has designated Hydro One Networks Inc. to develop the Greenstone Transmission Line, which aims to enhance electricity capacity and reliability in northern communities while fostering economic development and supporting Indigenous community growth [1][4]. Project Overview - The Greenstone Transmission Line will be a single-circuit 230-kilovolt (kV) line, designed to support a future second circuit, connecting to existing infrastructure near Nipigon Bay and extending to Longlac Transformer Station [2]. - The project is expected to be operational by 2032 [2]. Indigenous Partnership - Hydro One's First Nation 50-50 Equity Partnership Model allows nearby First Nations to invest in a 50% equity stake in the transmission line, promoting collaboration in planning, development, and construction [3]. - The project is seen as a significant step towards economic reconciliation and self-determination for Indigenous communities, providing them with ownership and participation in major infrastructure [5]. Economic Impact - The Ontario government anticipates that the project will create 20,000 jobs and enhance local economic prosperity by partnering with First Nations and sourcing goods and services from local suppliers [4]. - Hydro One's investment in transmission and distribution networks was $3.1 billion in 2024, supporting the economy through $2.9 billion in goods and services purchases [7]. Company Profile - Hydro One Limited is Ontario's largest electricity transmission and distribution provider, serving 1.5 million customers with $36.7 billion in assets and annual revenues of $8.5 billion as of 2024 [6]. - The company employs 10,100 individuals dedicated to maintaining a reliable electricity system essential for community support [7].
EU accepts Uniper can't sell Russian unit in bailout deal, CEO says
Reuters· 2026-01-28 07:32
Core Viewpoint - The European Union has recognized that Uniper is unable to fulfill a key condition for the approval of a €13.5 billion ($16.2 billion) bailout, as stated by the CEO of the German utility [1] Company Summary - Uniper's Russian division, Unipro, is currently deemed unsellable, which impacts the company's ability to meet bailout conditions [1]
中国金属- 国家电网新五年规划对中国金属需求的影响-China Metals & Mining_ What it means for Chinese metal demand from China State Grid's new five-year plan
2026-01-28 03:02
What it means for Chinese metal demand from China State Grid's new five-year plan On January 15th, China State Grid announced its fixed-asset investment plan for the 15th five-year plan, with total investment target set at Rmb4tn for 2026-2030. The average annual spending implies a 40% increase versus the prior 14th five-year plan, or a 23% increase versus 2025. According to the announcement, the 15th five-year plan is more focused on energy storage, EV charging piles and UHV, while showing some deceleratio ...
Eversource Energy Increases Common Dividend
Businesswire· 2026-01-27 21:15
Eversource (NYSE: ES), celebrated as a national leader for its commitment to sustainability and corporate citizenship, is named among America's Most Responsible Companies by Newsweek for 2026 and recognized as the #1 utility on USA Today's list of America's Climate Leaders for 2025. Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.6 million customers in Connecticut, Massachusetts and New Hampshire. The #1 Energy Efficiency Provider in the Nation, Eversource ...
Otter Tail Corporation Will Host Conference Call on 2025 Financial Results
Businesswire· 2026-01-27 20:30
Please click here to pre-register for the conference call and obtain your dial in number and passcode. Contact Beth Eiken at 701-451-3571 or beiken@ottertail.com with any questions on how to participate. About Otter Tail Corporation: Otter Tail Corporation, a member of the S&P SmallCap 600 Index, has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest invest ...
ComEd Keeps Power Affordable and Reliable for Customers, While Delivering Clean Energy Advancements in 2025
Businesswire· 2026-01-27 18:05
ComEd was ranked No. 1 in providing reliable electric service to customers, compared to similar utilities, in a 2025 benchmark study. ComEd received the 2025 ReliabilityOne award for Outstanding Reliability Performance in the Midwest Metropolitan Service Area and the Technology and Innovation award from PA Consulting. Following investments in smart grid infrastructure, ComEd is delivering recordsetting reliability across the communities it serves, with the fastest restoration performance in ComEd's history. ...
NextEra Energy's Q4 Earnings Surpass Estimates, Revenues Lag
ZACKS· 2026-01-27 16:55
Key Takeaways NEE posted Q4 adjusted EPS of 54 cents, beating estimates and rising 1.9% year over year.Florida Power & Light and Energy Resources drove the EPS gain with strong operations.NEE reaffirmed 2026 EPS guidance of $3.92-$4.02 and plans over 8% annual EPS growth through 2032.NextEra Energy, Inc. (NEE) reported fourth-quarter 2025 adjusted earnings of 54 cents per share, which beat the Zacks Consensus Estimate of 53 cents by 1.9%. The bottom line was also up 1.9% year over year. The year-over-year i ...
NextEra Energy Q4 Earnings Call Highlights
Yahoo Finance· 2026-01-27 16:39
Ketchum said Florida Power & Light (FPL) entered 2026 with a new four-year rate agreement running through the remainder of the decade, noting the Florida Public Service Commission unanimously approved the agreement in November and issued its final order recently. The agreement includes an allowed midpoint return on equity of 10.95% (range of 9.95% to 11.95%) and a rate stabilization mechanism.Management reiterated its longer-term financial framework, calling for adjusted EPS growth at a compound annual grow ...
Here's Why American Electric Power (AEP) is a Strong Momentum Stock
ZACKS· 2026-01-27 15:50
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores. What are t ...