Friday, 4 April 2025

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Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility

HOUSTON--(BUSINESS WIRE)--Phillips 66 is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex...Read the...

FILE PHOTO: Electric power transmission pylon miniatures and Nextera Energy logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectricityIndustryInfrastructureNewsUtilities

NextEra plans to raise $1.5 billion to fund energy projects

Utility firm NextEra Energy said on Monday it intends to raise $1.5 billion through the sale of equity units to fund new projects.

FILE PHOTO: U.S. President Donald Trump greets Harold Hamm after he was introduced by Hamm at the Shale Insight 2019 Conference in Pittsburgh, Pennsylvania, U.S., October 23, 2019. REUTERS/Leah Millis/File Photo
BusinessCarbon ManagementClimate FinanceEconomyElectionsLegislationNewsPolitics

Trump hates Biden’s climate law. His allies are making money from it

Donald Trump promises to cut Biden's climate subsidies if elected. Yet many of his allies benefit from them through clean energy investments.

FILE PHOTO: Miniatures of windmill, solar panel and electric pole are seen in front of NextEra Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectricityNewsNuclear PowerSolarWind

NextEra beats Q3 profit estimates on renewables strength

NextEra Energy's third-quarter profit beat Wall Street estimates on Wednesday, helped by strength in its renewables unit.

AnalysisElectricityNuclear PowerPoliticsRegulations

Rising electricity demand could bring Three Mile Island and other prematurely shuttered nuclear plants back to life

Can the $1.6 billion project deliver clean power as efficiently as expected, especially given the plant’s complex history?

Steam rises out of the nuclear plant on Three Mile Island, with the operational plant run by Exelon Generation, in Middletown, Pennsylvania (AFP)
AnalysisElectricityEnvironmentNuclear PowerPoliticsRegulations

Restarting nuclear power plants: The unprecedented gamble in the US

US energy companies plan to restart two nuclear plants to meet growing electricity demand and transition to clean energy.

FILE - The Waste Isolation Pilot Plant is seen, March 6, 2014, near Carlsbad, N.M. (AP Photo/Susan Montoya Bryan, File)
NewsPoliticsRegulationsSolarWind

US nuclear repository is among federally owned spots identified for renewable energy projects

The U.S. Energy Department plans to lease land at New Mexico's nuclear waste site for solar energy with NextEra Energy.

A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/ File Photo
BusinessFinanceIndustryInfrastructureNatural GasNewsPoliticsRegulations

Texas gas plant proposal rejected from state financing program

Texas energy regulators denied public funding for Aegle Power's 1.3 GW natural gas plant, citing due diligence failures.

The U.S. flag flies on Campbell Transportation's towboat M.K. McNally as it passes Mitchell Power Plant, a coal-fired power-plant operated by American Electric Power (AEP), on the Ohio River in Moundsville, West Virginia, U.S., September 10, 2017.    REUTERS/Brian Snyder/File Photo
BusinessElectricityFinanceNewsUtilities

US utilities poised to ride data center demand wave in second half

U.S. electric utilities are optimistic about sales growth, driven by data center demand fueled by the AI boom, with significant supply deals boosting...

FILE PHOTO: The US flag flies in front of a coal-fired power plant's cooling tower at Duke Energy's Crystal River Energy Complex in Crystal River, Florida, U.S., March 26, 2021. Picture taken March 26, 2021. REUTERS/Dane Rhys/File Photo
BusinessEditorialElectricityFinanceNewsUtilities

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.

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