Friday - May 9, 2025
TNS Tipoffs - Energy Systems Newsletter for Thursday May 08, 2025 ( 17 items )  

NiSource Announces First Quarter Results
MERRILLVILLE, Indiana, May 8 -- NiSource, a regulated utility company, issued the following news on May 7, 2025: * * * NiSource announces first quarter results * Reaffirming 2025 non-GAAP adjusted EPS guidance * Reaffirming expected annual 6%-8% 2025-2029 non-GAAP adjusted EPS growth MERRILLVILLE, Ind. - NiSource Inc. (NYSE: NI) today announced, on a GAAP basis, net income available to common shareholders for the quarter ended March 31, 2025, of $474.8 million, or $1.00 of earnings per dilu  more

Kentucky PSC Denies Duke Energy's Request for Abbreviated Notice on Rate Adjustment
FRANKFORT, Kentucky, May 8 -- The Kentucky Public Service Commission (PSC) has denied a request from Duke Energy Kentucky to use an abbreviated notice for its proposed natural gas rate adjustment. The PSC order states that Duke Energy's initial proposal lacked essential information required by regulatory standards. On April 17, 2025, Duke Energy Kentucky filed a notice of intent to adjust its natural gas rates and sought approval to publish an abbreviated notice to inform customers. The utility  more

N.C. Utilities Commission: Black Walnut Solar in Jones County to Add Battery Storage to Approved Project
RALEIGH, North Carolina, May 8 -- Black Walnut Solar, LLC, has informed the North Carolina Utilities Commission of a planned addition to its previously approved 80 MW solar photovoltaic generating facility in Jones County. According to a filing made on March 6, 2025, the project will now include a potential 32 MW battery energy storage system (BESS) within its original footprint. The solar facility, located north of Island Creek Road, west of Crump Farm Road, and south of the Trent River near P  more

N.C. Utilities Commission: Panther Branch Solar in Duplin County to Expand With More Panels and Battery Storage
RALEIGH, North Carolina, May 8 -- Panther Branch Solar, LLC, has filed an update with the North Carolina Utilities Commission detailing an expansion of its already approved 80 MW solar photovoltaic generating facility in Duplin County. According to a filing on April 11, 2025, the project will now incorporate additional solar panels and a potential 32 MW battery energy storage system (BESS) within the previously approved site. The solar facility, situated on both sides of Emmitt Jackson Road, no  more

N.C. Utilities Commission: Timber Mill Solar Adjusts Battery Storage Site in Jones County Project
RALEIGH, North Carolina, May 8 -- Timber Mill Solar, LLC, has filed an update with the North Carolina Utilities Commission regarding its approved 80 MW solar photovoltaic generating facility with 32 MW of battery storage planned for Jones County. According to a filing dated March 6, 2025, the company has shifted the proposed location of the battery energy storage system (BESS) and the 230 kV customer substation. The new plan places these components westward, co-locating them with a utility swit  more

NRC Considers Subsequent License Renewal for Duke Energy Progress's H.B. Robinson Steam Electric Plant, Unit No. 2
WASHINGTON, May 8 (TNSFR) -- The U.S. Nuclear Regulatory Commission (NRC) is reviewing an application from Duke Energy Progress, LLC, requesting the subsequent renewal of Renewed Facility Operating License No. DPR-23 for the operation of the H.B. Robinson Steam Electric Plant, Unit No. 2, located near Hartsville, South Carolina. The subsequent renewal application seeks to extend the plant's operational life by 20 years beyond the current license expiration, which is set for July 31, 2030. The   more

Blue Hydrogen Investment Could Create Thousands of Jobs, Boost GDP: CRES Forum Report
WASHINGTON, May 7 -- Citizens for Responsible Energy Solutions (CRES) Forum released a report titled "The Economic Impact of American Blue Hydrogen" on May 5, 2025, projecting that scaling up the blue hydrogen industry in the U.S. could support tens of thousands of jobs and generate billions in tax revenue. The report, authored by Rebecca Lorenzen, leverages economic modeling to project the impacts of announced blue hydrogen production capacity over the next decade, focusing on job creation, eco  more

Constellation Reports First Quarter 2025 Results
BALTIMORE, Maryland, May 8 -- Constellation, a retail supplier of power, natural gas and energy products and services for homes and businesses, issued the following news release: * * * Constellation Reports First Quarter 2025 Results Earnings Release Highlights * GAAP Net Income of $0.38 per share and Adjusted (non-GAAP) Operating Earnings of $2.14 per share for the first quarter of 2025 * Reaffirming full-year 2025 Adjusted (non-GAAP) Operating Earnings guidance range of $8.90 - $9.60 per   more

CONSUMER ADVOCATES URGE REGULATORS TO CUT NICOR'S RECORD RATE HIKE BY MORE THAN HALF; DECRY EXCESSIVE PROFITS, WASTEFUL EXECUTIVE BONUSES
CHICAGO, Illinois, May 8 -- The Citizens Utility Board issued the following news release: * * * CONSUMER ADVOCATES URGE REGULATORS TO CUT NICOR'S RECORD RATE HIKE BY MORE THAN HALF; DECRY EXCESSIVE PROFITS, WASTEFUL EXECUTIVE BONUSES Nicor Gas' bid for a record-breaking $308.6 million rate hike is rife with excesses and should be slashed by more than half, according to testimony submitted to state regulators by the Citizens Utility Board (CUB), Illinois PIRG, Environmental Defense Fund (EDF),  more

Deere Urges IRS to Include Farmers in Clean Fuel Credits
WASHINGTON, May 7 -- Deere & Company is calling on the Internal Revenue Service (IRS) to incorporate agricultural technologies and farmers' contributions to greenhouse gas (GHG) emissions reductions into the Section 45Z Clean Fuel Production Credit. In a letter to Treasury Secretary Scott Bessent and Acting IRS Commissioner Melanie Krause, Josh Garetson, Director of Renewable Fuels & Corporate Strategy at Deere & Company, emphasized the importance of these credits to U.S. farmers. The letter, d  more

Environment America Research & Policy Center: Rural and Southern States Lead America's Generation of Renewable Energy
WASHINGTON, May 8 -- Environment America Research and Policy Center issued the following news release on May 7, 2025: * * * Rural and southern states lead America's generation of renewable energy BOSTON -- The United States produced more than three times as much solar, wind and geothermal power in 2024 as we did in 2015, with growth in all 50 states. That's according to The State of Renewable Energy 2025, the online dashboard that tracks the growth of renewable energy in every state, unveiled  more

Fidelis New Energy Urges IRS to Broaden Clean Fuel Tax Credit Scope
WASHINGTON, May 8 -- Fidelis New Energy, LLC, a U.S. energy and decarbonization company, has submitted comments to the Internal Revenue Service (IRS) advocating for a broader scope in the proposed regulations for the Clean Fuel Production Tax Credit under Section 45Z of the Internal Revenue Code. In a letter dated April 10, 2025, Fidelis expressed strong support for the tax credit, emphasizing its critical role in bolstering the U.S. agriculture and biofuels industries. The company specifically  more

How the Tax Cuts and Jobs Act is Helping Minnesota
WASHINGTON, May 6 [Category: Political] -- Americans for Tax Reform posted the following commentary: * * * How the Tax Cuts and Jobs Act is Helping Minnesota Below is a list of good news arising from the Tax Cuts and Jobs Act enacted by President Trump and congressional Republicans in 2017, and which now must be made permanent in one big beautiful bill. See the entirety of ATR's TCJA good news lists by visiting ATR.org/list The average annual TCJA tax cut for Minnesota households is $1,42  more

Institute for Energy Economics & Financial Analysis: South Australia's Reliance on Gas for Iron and Steelmaking Carries Major Risks
LAKEWOOD, Ohio, May 8 (TNSrep) -- The Institute for Energy Economics and Financial Analysis issued the following news release: * * * South Australia's reliance on gas for iron and steelmaking carries major risks Key Takeaways: Any long-term reliance by South Australia on gas for iron and steel production would entail significant cost and supply risks. South Australia should instead seize the opportunity presented by green hydrogen. Australia cannot compete in gas-based direct reduced iron (  more

Marubeni and ExxonMobil's Low-Carbon Ammonia Deal Marks Major Step in Unleashing New Energy Supply
IRVING, Texas, May 8 -- ExxonMobil, an energy provider and chemical manufacturer, issued the following news release: * * * Marubeni and ExxonMobil's low-carbon ammonia deal marks major step in unleashing new energy supply - ExxonMobil will supply approximately 250,000 tonnes of low-carbon ammonia annually on a long-term basis to Marubeni. - The deal will drive new energy supply, support jobs, and strengthen U.S. and Japanese industrial cooperation. Spring, Texas, U.S., and Tokyo, Japan -- M  more

NearZero FPSO Design from SBM Offshore Gets Approval from ABS
HOUSTON, Texas, May 7 [Category: Transportation] -- The American Bureau of Shipping posted the following news release: * * * NearZero FPSO Design from SBM Offshore Gets Approval from ABS (HOUSTON) ABS issued an approval in principle to SBM Offshore for its concept of a near zero floating production storage and offloading (FPSO) unit. The NearZero FPSO design incorporates low carbon technologies that collectively create a "near zero" Scope 3 carbon emissions profile, achieving up to 80 perce  more

Saving California's Rural Water Users
TUSTIN, California, May 8 -- The California Policy Center, an organization that says it focuses on education reform, workplace freedom, government transparency and governance, issued the following commentary on May 7, 2025: * * * Saving California's Rural Water Users By Edward Ring, Director, Water and Energy Policy Despite its status as an agricultural superpower, eclipsing every other U.S. state in farm output, California's farming sector wields relatively little influence in Sacramento. W  more