utilities
32 stories related to this topic, newest first.
winnipegfreepress.comBase Power Discusses $1 Billion Funding Round at $12 Billion Valuation
Austin-based Base Power is in talks to raise around $1 billion. The round would value the home-battery provider at $12 billion.
The BbcSouth East Water Reports Ongoing Tap Water Shortages in Kent
South East Water said 3,500 customers in Whitstable remain without supply while 8,700 others face low pressure. The utility attributed the shortages to record demand during a heatwave coinciding with a bank holiday.
The IndependentWater shortages affect thousands of homes in Kent and parts of London
Record heat and high demand have left thousands of customers without reliable water in Kent and several London postcodes. South East Water and Thames Water reported ongoing repairs and supply measures.
BloombergToronto Power Outage Leaves More Than 400 Customers Without Electricity
A fire at a transmission station caused power outages in downtown Toronto. Utilities Toronto Hydro and Hydro One reported that more than 400 customers remain without power.
nationalpost.comToronto Hydro Responds to Over 145 Power Incidents After Saturday Storm
High winds and heavy rain caused scattered outages across Toronto on Saturday. Toronto Hydro crews addressed more than 145 incidents, while Toronto Fire handled a 36 percent increase in calls.
bbc.co.ukWoman Dies After Falling Into Open Manhattan Manhole
A 56-year-old woman from Westchester County died after stepping out of her car into an uncovered manhole in Midtown Manhattan. The incident occurred late Monday night at West 52nd Street and Fifth Avenue.
rte.ieBrazilian Utility Considers Bid After Partner Withdraws
A Brazilian water utility owned by the government of Minas Gerais is the subject of a privatization bidding process. A company is evaluating whether to participate alone after its consortium partner withdrew.
etftrends.comUtilities Shift from Coal to Natural Gas and Renewables
Utilities have moved from coal to natural gas plants because gas facilities cost less to build and operate. Wind and solar-plus-storage now show lower long-term electricity costs than fossil fuel generation. Industry leaders continue to invest in gas infrastructure while renewabl…
insurancejournal.comU.S. Power Grids Cut Summer Demand Forecasts for Data Centers
Several major U.S. grid operators have reduced their summer electricity demand projections. The changes reflect slower-than-expected connections for data centers and other large facilities.
Ars TechnicaNextEra Energy Proposes $67 Billion Merger With Dominion Energy
NextEra Energy announced a $67 billion all-stock merger with Dominion Energy on Monday. The combined company would become the largest U.S. utility by market value and serve the world's largest concentration of data centers in northern Virginia.
nypost.comNextEra Energy Proposes $67 Billion Merger With Dominion Energy
NextEra Energy announced a $67 billion all-stock merger with Dominion Energy on Monday. The combined company would become the largest U.S. utility by market value and would require state and federal regulatory approval.
financialpost.comU.S. Utility Regulators Shift Costs of Nuclear Project Failures to Shareholders
U.S. regulators addressed utility bankruptcies from nuclear cost overruns by requiring shareholders to absorb some losses. Customers paid higher rates while creditors recovered fully. The approach differed from Britain's lighter regulatory model.
nypost.comNextEra Energy and Dominion Energy Agree to $67 Billion Merger
NextEra Energy and Dominion Energy have signed a definitive agreement to combine in a $67 billion all-stock transaction. The deal would create the world's largest regulated electric utility by market capitalization.
nypost.comNextEra to Acquire Dominion in $67 Billion Deal
NextEra has agreed to purchase rival utility Dominion in a transaction valued at roughly $67 billion. The agreement ranks among the larger corporate deals announced this year.
New York PostNextEra Energy Proposes $67 Billion Acquisition of Dominion Energy
NextEra Energy announced plans to acquire Dominion Energy in a roughly $67 billion deal that would create one of the largest U.S. electricity producers. The merger comes amid rising electricity demand from AI data centers and concerns about higher rates for customers.
winnipegfreepress.comPower Companies Agree to Largest U.S. Utility Merger
Two major electricity providers have signed a deal that would create the largest utility company in the United States. The transaction reflects rising power demand from data centers and industrial growth.
FortuneOfficials in Six States Seek to Block Utility Rate Increases
Officials and lawmakers in Arizona, Indiana, Maryland, New Jersey, New York and Pennsylvania are challenging proposed electricity rate increases. The moves follow rising bills linked to data center demand and utility profits.
NRG Energy Expands Power Generation and Virtual Plant Programs
NRG Energy is adding natural gas plants and virtual power plant programs to meet rising electricity demand. The company acquired 18 gas-fired plants earlier this year and launched residential efficiency initiatives.
financialpost.comNRG Energy CEO Outlines Plans for AI Power Demand and Virtual Power Plants
Robert Gaudette assumed the role of NRG Energy CEO at the end of April. The company is pursuing both new gas-fired generation and virtual power plant programs to address data center needs and residential affordability.
BBC NewsBritish Gas Agrees £20m Redress Fund in Ofgem Prepayment Meter Case
British Gas will pay up to £112m in total under a settlement with Ofgem after the regulator found the company breached licence conditions by installing prepayment meters in vulnerable customers' homes without consent. The scandal, which first surfaced three years ago, involved fo…
ForbesConnectivity Standards Alliance and OpenADR Alliance Announce Partnership to Link Matter Smart-Home Standard with Utility Demand-Response Protocol
The two organizations announced a formal agreement this week to enable seamless communication between in-home smart devices and utility grids. Matter will manage internal home communications while OpenADR 3 handles external links to utilities. The partnership aims to simplify dem…
BenzingaPPL Corp Reports Q1 EPS of 63 Cents, Revenue of $2.774 Billion
PPL Corp reported first-quarter earnings of 63 cents per share and sales of $2.774 billion, both exceeding analyst forecasts. The utility affirmed its full-year 2026 adjusted EPS guidance of $1.90 to $1.98. President and CEO Vincent Sorgi said the results keep the company on trac…
news.google.comE.On Agrees to Buy Ovo Energy in Deal That Would Create UK's Second-Largest Domestic Supplier
E.On has announced plans to acquire Ovo Energy, a move that would combine 9.6 million customers and position the merged entity as one of the UK's biggest energy providers. Consumer groups urged Ovo customers not to panic, confirming that all existing tariffs will be honoured and…
rte.ieE.On Agrees to Acquire Ovo Energy Creating UK's Largest Supplier
German energy group E.On has agreed to buy British supplier Ovo Energy in a deal that will create the UK's largest energy provider serving nearly 10 million customers. The transaction, whose value was not disclosed, remains subject to regulatory approval expected in the second ha…
rte.ieE.ON Agrees to Acquire OVO Energy in UK Energy Market Deal
E.ON has agreed to buy OVO Energy, creating one of Britain's largest energy suppliers. The transaction value was not disclosed. The deal requires regulatory approval expected in the second half of 2026, after which the companies will combine operations while continuing to use an…
rte.ieGerman Energy Giant E.On to Buy UK Rival Ovo Energy
E.On has agreed to buy rival Ovo to create one of Britain’s largest energy suppliers, adding around four million customers to its existing base of 5.6 million in the UK. The deal is expected to close in the second half of 2026 subject to regulatory approval, with no immediate cha…
news.sky.comCentrica Buys 16-Year-Old Severn Gas Power Station in Wales for £370m
Centrica bought the efficient Severn gas turbine plant from Calon Energy Group, citing its role in supporting UK energy security during the transition to net zero. Chief Executive Chris O’Shea highlighted delays to new generators and the impending closure of many existing gas pla…
The Japan TimesWater Meters Stolen in Vacant Japanese Public Housing as Copper Prices Rise
Theft of water meters used to measure household water consumption is spreading across Japan, with authorities suspecting many are being stolen for resale because they contain copper. In Shizuoka Prefecture alone, 449 meters were reported stolen in March and April from vacant unit…
Pinnacle West Reports EPS Rebound in Q1 2026 Earnings Call
Pinnacle West held its Q1 2026 earnings call on May 4, 2026, highlighting an EPS rebound. The company reaffirmed its sales growth guidance and shared updates on its integrated resource plan and rate case. Load growth was attributed to demand from TSMC.
Substrate placeholder — needs reviewConsortium Including Macquarie Group Nears $6 Billion Sale of Cleco Power
A consortium that includes Macquarie Group is close to selling Louisiana utility Cleco Power to Stonepeak Partners and Bernhard Capital Partners. The transaction is valued at nearly $6 billion, according to sources reported by @business. The deal involves the transfer of ownershi…
Nader Moussa / Wikimedia (CC BY-SA 3.0)Duke Energy Announces $103 Billion Capital Plan for Power Expansion Over Next Five Years
Duke Energy announced plans to invest $103 billion over the next five years to expand power generation and infrastructure, driven by population growth and data center demand. CEO Harry Sideris expects the figure to increase amid the AI surge. The utility faces criticism from Nort…
Substrate placeholder — needs reviewU.S. Investor-Owned Utilities Plan $1.4 Trillion Capital Spending Through 2030
U.S. investor-owned utilities plan to invest at least $1.4 trillion in capital projects through 2030, a more than 21% increase from last year's five-year projections. The spending is driven by AI power demand and data center construction. PowerLines released a report on the analy…