Hawaiian Electric Industries reports $48.9M net income in Q2
Despite Kilowatt-hour sales being down this quarter, HEI’s Hawaiian Electric Co. subsidiary also showed a positive quarter.
NC regulators approve temporary rate hike for Duke Energy Carolinas
Regulators say Duke Energy Carolinas can impose a temporary rate increase of $235.3 million in annual revenue on its roughly 2 million customers in North Carolina starting Aug. 24.
But none are likely to notice.
Duke will offset the rate hike by returning to customers the equivalent of $235.3 million annually from excess deferred taxes at the same time.
The intent is to leave customers’ monthly bills unchanged until the N.C. Utilities Commission can consider and approve new rates for the utility.…
Fastest Growing Companies: New sales strategy drives growth for ACR Solar
Al C. Rich got started in the solar heating business in 1979, and managed to hold on through a lot of years of public indifference to his industry.
Cheniere Energy appoints new CFO, to pay outgoing exec millions
The outgoing CEO has been with the company for more than 15 years, but he won’t have to leave empty handed.
Transocean hires Lazard as financial adviser as it evaluates capital structure alternatives
Transocean Ltd. (NYSE: RIG), which has its U.S. headquarters in Houston, is looking for ways to manage its capital structure and has hired Lazard Frères & Co. LLC as its financial adviser to help evaluate strategic alternatives, according to an Aug. 5 press release.
The Switzerland-based offshore drilling company also has executed a private exchange agreement relating to subsidiary Transocean Inc.’s 0.5% exchangeable bonds due 2023, per the release. And some assets and liabilities of certain Transocean…
Epic Midstream strikes deals in NGL sector, opens new plant
Among the announcements by Epic Midstream on Aug. 5 was the news that an NGL processing plant in South Texas is now open for business.
Elliot Mainzer leaving Bonneville Power Administration to head California grid operator
He guided the pivotal power agency through a time of financial challenge.
NYSE suspends Pacific Coast Oil Trust shares
The trust is likely to terminate before the end of 2021.
RegenEn Solar moves into new office amid industry expansion
Volume has increased dramatically for RegenEn Solar, so much so the company is able to move into its first office. Dan Hofmann, president and founder of the company, said he thinks solar energy will be widespread in Louisville sooner rather than later.
Grassroots organizations hold virtual petition against Hu Honua project
Fifty residents and politicians, mostly from Hawaii Island and Oahu, spoke on the subject as part of the two-hour virtual petition.
