Utilities
Hawaiian Electric raises going concern doubts over wildfire settlement financing
The company said it was working closely with financial advisers to develop a plan for their settlement contribution.
Algonquin to sell renewables unit for up to $2.5 billion to ease debt
Canada's Algonquin Power & Utilities Corp said on Friday that it is selling its renewable energy business for up to $2.5 billion
US, India, Russia, Japan are building out wind power much too slowly for climate change
Global efforts to triple wind power by 2030, a key commitment from COP28, are falling short, with current projections indicating only a doubling...
Marathon Oil misses profit estimates on weak natural gas prices
Marathon Oil missed Q2 profit estimates due to falling natural gas prices, with shares dropping 1.7% after the announcement.
AI helps lighten the load on the electric grid – without skimping on people’s energy use
Can an artificial intelligence system help buildings shift their energy use to times when the electric grid is cleaner?
‘Achievable by 2030’: A roadmap to affordable clean energy for the UK
A report by E3G outlines a path for the UK to achieve low-cost, clean energy by 2030, reducing reliance on volatile gas prices...
Sleepy utilities sector shines as haven from US stock turbulence
Amid a broader market selloff, utilities stocks have surged, driven by falling Treasury yields, AI-driven demand, and strong dividends.
Utility Sempra misses second-quarter profit, revenue estimates
Utility and clean energy firm Sempra's Q2 profits rise after peak summer causes increase in power demand.
Hurricane Debby cuts power for 235,000 Florida customers
Hundreds of thousands left without electricity in Hurricane Debby outages as utilities battered.
Quantum Capital to buy Cogentrix for $3bn in bets on rising demand
Private equity firm will buy US independent power producer Cogentrix Energy from funds managed by the Carlyle Group.
