Credit to Author: Sonal Patel| Date: Tue, 01 Nov 2022 04:15:00 +0000
A company that has corporate roots that go back to the Colonial era, Dominion Energy has been shaped by acquisitions and market forces. It is now in the midst of an extraordinary transformation to expand its
The post History of Power: Dominion Energy’s Fluid Transition appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Tue, 01 Nov 2022 04:10:00 +0000
With winter fast approaching, and the dreaded effects of extreme natural gas price levels and volatility looming, together with unprecedented uncertainty of fuel supply, governments in Germany and France have
The post European Energy Crisis Prompts Utility Takeovers in Germany, France appeared first on POWER Magazine.
Read moreCredit to Author: Aaron Larson| Date: Tue, 25 Oct 2022 23:20:20 +0000
The Duquesne Light Co. (DLC) may not be among the best-known electric power companies in the U.S., but for its customers in Allegheny and Beaver counties in southwestern Pennsylvania, the company has been a steady presence in the community for more than a century. “We are a Pittsburgh-based utility company. We’ve been in operation for […]
The post A Pillar in the Community and Collaborator Around the World: DLC Powers Pittsburgh appeared first on POWER Magazine.
Read moreCredit to Author: Contributed Content| Date: Thu, 20 Oct 2022 12:50:20 +0000
While the Inflation Reduction Act (IRA) provides steps in the right direction by expanding renewable energy development and electrification incentives, it may also lead to a worsening duck curve and a larger proportion of variable power sources in the generation mix—putting significant pressure on utilities’ ability to maintain reliability. U.S. utilities need to be proactive […]
The post Inflation Reduction Act: Increased Electrification and Resulting Utility Implications appeared first on POWER Magazine.
Read moreCredit to Author: Aaron Larson| Date: Thu, 06 Oct 2022 03:22:01 +0000
Bitcoin mining is the process used to generate new coins and verify new transactions. The process involves vast, decentralized networks of computers around the world that verify and secure blockchains, the virtual ledgers that document cryptocurrency transactions. In return for contributing their computing power, miners are rewarded with new coins. The process ultimately requires a […]
The post How Bitcoin Mining Can Help Power Companies Optimize Generation Assets appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Thu, 01 Sep 2022 17:56:37 +0000
In another high-profile leadership shuffle at a major U.S. power generating company, PSEG’s longtime president and CEO Ralph Izzo on Sept. 1 passed leadership of the regulated infrastructure company to Ralph LaRossa, who was previously PSEG’s chief operating officer (COO). Izzo, who will continue to serve as executive chair of the PSEG board until December […]
The post Another Major Leadership Shuffle: PSEG Gets New CEO appeared first on POWER Magazine.
Read moreCredit to Author: Jennifer Stein| Date: Thu, 18 Aug 2022 15:18:29 +0000
As international travel picks up, energy corporations are turning to mobile employees to fulfill their international staffing needs. However, as mobile work gains steam, tax and compliance risks continue to grow as well—unbeknownst to most corporate leaders. Many businesses, unfortunately, are failing to set up an adequate plan to protect against tax violations in the […]
The post Common Mobility Tax Mistakes in the Energy Sector and How to Avoid Them appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Wed, 17 Aug 2022 21:54:39 +0000
Entergy Corp.’s chairman and CEO Leo P. Denault will retire in 2023, ending a decade-long role as the head of the New Orleans–headquartered power generating giant. Denault will be succeeded by Andrew “Drew” Marsh, Entergy’s current executive vice president and chief financial officer. Denault, 62, was appointed Entergy’s chairman and CEO in 2013, taking over […]
The post Another Power Giant’s CEO Is Retiring: Entergy’s Leo Denault appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Fri, 12 Aug 2022 16:33:38 +0000
American Electric Power’s (AEP’s) long-serving chairman, president, and CEO, Nick Akins, will step down as CEO on Jan. 1, 2023, and has already passed the company’s presidency to Julie A. Sloat, AEP executive vice president, and chief financial officer (CFO). Sloat, 53, will become the power generating company’s CEO in January, making her the first […]
The post AEP CEO Nick Akins to Step Down, Julie Sloat Tapped as Next Company Head appeared first on POWER Magazine.
Read moreCredit to Author: Darrell Proctor| Date: Wed, 06 Jul 2022 21:14:31 +0000
The French government is prepared to take full control of EDF, one of the world’s largest producers of electricity, as the energy group struggles with increasing debt due to problems with its current and future nuclear power fleet. Élisabeth Borne, who took over as France’s prime minister in May, in her first state-of-the-nation speech to […]
The post France Set to Take Over Major Power Producer Amid Energy Crisis appeared first on POWER Magazine.
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