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PG&E Raises 2025 Core Earnings Forecast on Higher Electricity Rates

Electricity Grid, Energy Topics & Technology, Latest, US News / By

Feb 13 (Reuters) – PG&E Corp (PCG.N), opens new tab on Thursday raised its adjusted core earnings forecast for 2025, as the power company benefits from lower operating expenses and higher electricity rates. Last month, the California Public Utilities Commission approved another request from the company to raise electricity prices after a series of similar …

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US NatGas Prices Climb 4% to Two-Week High on Rising LNG Flows, Cold Weather

Conventional Energy, Latest, LNG, Natural Gas, US News / By

(Reuters) – U.S. natural gas futures climbed about 4% to a two-week high on Thursday on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output and forecasts for cold weather and higher demand over the next two weeks than previously expected. Prices rose despite forecasts for the return of mild …

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Exelon Boosts Capex plan by $3.5 Billion, Mostly to Bolster Power Lines

Electricity Grid, Energy Topics & Technology, Latest, US News / By

Major U.S. electric utility Exelon increased its four-year capital investment plan by 10% to $38 billion, with the bulk of the spending aimed at bolstering and building new transmission lines, executives said on an earnings call on Wednesday. Many U.S. power companies have revised up capex plans over the past year as the proliferation of …

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Hedge Fund Elliott Commands Attention in C-suites as Relentless Activist

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, US News / By

When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by meticulous research and financial firepower. Now, storied oil giant BP is in Elliott’s sights. The investment firm, which manages $70 billion, has …

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