Energy in the United States

Georgia Power's preparedness efforts help reduce outage times for customers

Monday, March 1, 2021 - 9:27pm

"We prepare every year knowing it will be nothing like the year before," said Georgia Power's Storm Center Director David Maske.

Key Points: 
  • "We prepare every year knowing it will be nothing like the year before," said Georgia Power's Storm Center Director David Maske.
  • More than 4,000 Georgia Power personnel, with assistance from out-of-state utilities, were mobilized as part of the company's restoration effort.
  • Making Repairs Georgia Power crews focus on repairs that return power to the greatest number of customers in the least amount of time.
  • Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D.

Lawyers' Committee for Civil Rights Under Law to Receive $1 Million from Dominion Energy

Friday, February 26, 2021 - 2:00pm

RICHMOND, Va., Feb. 26, 2021 /PRNewswire/ -- Dominion Energy (NYSE: D), together with the company's charitable foundation, will contribute $1 million to the Lawyers' Committee for Civil Rights Under Law, a civil rights organization with the mission to secure equal justice for all through the rule of law.

Key Points: 
  • RICHMOND, Va., Feb. 26, 2021 /PRNewswire/ -- Dominion Energy (NYSE: D), together with the company's charitable foundation, will contribute $1 million to the Lawyers' Committee for Civil Rights Under Law, a civil rights organization with the mission to secure equal justice for all through the rule of law.
  • "Dominion Energy's generous $1 million donation will greatly expand our ability to respond to the country's most pressing civil rights issues," said Damon Hewitt, acting president and executive director of the Lawyers' Committee for Civil Rights Under Law.
  • "The Lawyers' Committee for Civil Rights Under Law has a long, richhistory of fighting for civil rights," said Thomas F. Farrell, II, Dominion Energy's executive chairman.
  • Through the Dominion Energy Charitable Foundation , as well as EnergyShare and other programs, Dominion Energy contributed more than $58 million in 2020 to community causes.

Sempra Energy And Sempra Energy Foundation To Support Winter Storm Relief In Texas

Friday, February 26, 2021 - 11:55am

SAN DIEGO, Feb. 26, 2021 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that the Sempra Energy Foundation is pledging $1 million to assist communities in Texas recovering from the unprecedented winter storm that blanketed the state.

Key Points: 
  • SAN DIEGO, Feb. 26, 2021 /PRNewswire/ -- Sempra Energy (NYSE: SRE) today announced that the Sempra Energy Foundation is pledging $1 million to assist communities in Texas recovering from the unprecedented winter storm that blanketed the state.
  • "At Sempra Energy and the Sempra Energy Foundation, we are committed to the communities where we operate and are proud to support organizations that are working diligently to provide relief to our community members."
  • Sempra Energy has already funded a combined $250,000 to the Greater Houston Food Bank, Greater Port Arthur Food Bank and Southeast Texas Food Bank, while the Sempra Energy Foundation is engaging with community partners in Texas to help identify additional areas of need for funds distribution.
  • Since 2018, Sempra Energy and the Sempra Energy Foundation have committed nearly $4 million to nonprofit organizations providing services throughout Texas.

MGE Energy Issues Fourth-Quarter Financial Update

Thursday, February 25, 2021 - 7:43pm

MGE Energy, Inc. (Nasdaq: MGEE) today issued its fourth-quarter 2020 financial update presentation.

Key Points: 
  • MGE Energy, Inc. (Nasdaq: MGEE) today issued its fourth-quarter 2020 financial update presentation.
  • The update is available on MGE Energy's website at:
    MGE Energy is an investor-owned public utility holding company headquartered in the state capital of Madison, Wis.
  • It is the parent company of Madison Gas and Electric, which generates and distributes electricity in Dane County, Wis., and purchases and distributes natural gas in seven south-central and western Wisconsin counties.
  • MGE Energy's assets total approximately $2.3 billion, and its 2020 revenues were approximately $539 million.

Dorchester Minerals, L.P. Announces 2020 Results

Thursday, February 25, 2021 - 5:25pm

Approximately 15% of these reserves are attributable to the Partnerships Net Profits Interests and 85% are attributable to its Royalty Properties.

Key Points: 
  • Approximately 15% of these reserves are attributable to the Partnerships Net Profits Interests and 85% are attributable to its Royalty Properties.
  • Natural gas accounted for 38% of proved reserves as of December31, 2020, all of which were classified as proved developed producing.
  • The Partnership distributed a total of $44.1 million to its common unitholders from May 2020 through February2021 attributable to 2020 activity.
  • Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests in 27 states.

DTE Energy appoints Monique Wells as director of Diversity, Equity and Inclusion

Thursday, February 25, 2021 - 1:10pm

Detroit, Feb. 25, 2021 (GLOBE NEWSWIRE) -- DETROIT, FEB. 25, 2021 DTE Energy (NYSE: DTE) announced the appointment of Monique Wells as its director of Diversity, Equity and Inclusion (DEI), effective immediately.

Key Points: 
  • Detroit, Feb. 25, 2021 (GLOBE NEWSWIRE) -- DETROIT, FEB. 25, 2021 DTE Energy (NYSE: DTE) announced the appointment of Monique Wells as its director of Diversity, Equity and Inclusion (DEI), effective immediately.
  • This is a critical time in history for us to work together toward unity and equity, Wells said.
  • Wells was previously the Diversity, Equity and Inclusion Project Manager at Consumers Energy.
  • DTE Energy (NYSE: DTE) is aDetroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide.

MGE Energy Reports Fourth-Quarter Earnings

Wednesday, February 24, 2021 - 5:49pm

MGE Energy, Inc. (Nasdaq: MGEE) today reported financial results for the fourth quarter and full year of 2020.

Key Points: 
  • MGE Energy, Inc. (Nasdaq: MGEE) today reported financial results for the fourth quarter and full year of 2020.
  • The Two Creeks and Badger Hollow solar projects will provide Madison Gas and Electric (MGE) electric customers with renewable energy, advancing the companys commitment to achieving net-zero carbon electricity for all customers by 2050.
  • In early February, MGE announced a plan to retire the coal-fired Columbia Energy Center near Portage, Wis. MGE is a minority owner of the plant, which is co-owned by Alliant Energy and Wisconsin Public Service (WPS), a subsidiary of WEC Energy Group.
  • COVID-19 and associated governmental regulations led to a reduction of retail sales and negatively impacted electric earnings in 2020.

Avista Corp. Reports Financial Results for Fourth Quarter and Fiscal Year 2020, Initiates 2021 to 2023 Earnings Guidance

Wednesday, February 24, 2021 - 12:05pm

For 2020, Avista Utilities capital expenditures were $397 million and AEL&Ps capital expenditures were $7 million.

Key Points: 
  • For 2020, Avista Utilities capital expenditures were $397 million and AEL&Ps capital expenditures were $7 million.
  • In 2021, we expect capital expenditures to total $415 million at Avista Utilities and $7 million at AEL&P.
  • Avista Corp. is initiating its 2021, 2022, and 2023 earnings guidance with consolidated ranges of $1.96 to $2.16 per diluted share in 2021, $2.18 to $2.38 per diluted share in 2022, and $2.42 to $2.62 per diluted share in 2023.
  • This results in an expected return on equity for Avista Utilities of approximately 7.7 percent in 2021.

Exelon to Separate Its Utility and Competitive Energy Businesses Into Two Industry-Leading Companies

Wednesday, February 24, 2021 - 11:51am

It also launches Spinco, a competitive generation and customer-facing company with the agility to adapt to a rapidly changing energy landscape as the nations largest provider of clean energy and leading integrated platform for sustainable energy solutions.

Key Points: 
  • It also launches Spinco, a competitive generation and customer-facing company with the agility to adapt to a rapidly changing energy landscape as the nations largest provider of clean energy and leading integrated platform for sustainable energy solutions.
  • Now is the right time to take this step to best serve our customers, employees, community partners and shareholders.
  • These are two strong, distinct businesses that will benefit from the strategic flexibility to focus on their unique customer, market and community priorities.
  • Exelon Corporation separately reported today strong fourth quarter 2020 results across its businesses, with more information available at exeloncorp.com.

Avista named as one of the 2021 World’s Most Ethical Companies by Ethisphere for the second time

Tuesday, February 23, 2021 - 9:05pm

This is the second consecutive year that Avista has been recognized by Ethisphere as one of only nine honorees in the Energy & Utilities industry, based on Ethispheres assessment.

Key Points: 
  • This is the second consecutive year that Avista has been recognized by Ethisphere as one of only nine honorees in the Energy & Utilities industry, based on Ethispheres assessment.
  • The Worlds Most Ethical Companies honorees continue to demonstrate an unwavering commitment to the highest values and positively impacting the communities they serve.
  • Congratulations to everyone at Avista for earning the Worlds Most Ethical Companies designation.
  • Ethisphere honors superior achievement through its Worlds Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA).