ITC Holdings

People (January 2016)

OGE Energy appointed Sean Trauschke as chairman of the board. CenterPoint Energy named Brad Tutunjian as v.p. of gas operations. NRG announced that Mauricio Gutierrez will become president and CEO. GridWise Alliance named Steve Hauser as CEO. And others ...

People (September 2015)

Xcel Energy named George E. Tyson II as senior v.p. for corporate development. Southern Company hired Michael Britt as v.p. for the company’s Energy Innovation Center. Southern Company Services named Martin B. Davis as executive v.p. and CIO. Pacific Gas and Electric promoted Geisha Williams to president, electric operations, Nick Stavropoulos to president, gas operations and John Simon to executive v.p. of corporate services and human resources. And others...

People (December 2014)

ITC Holdings named Krista Tanner as v.p. of ITC Holdings Corp. and president of ITC Midwest; Dean Seavers will be U.S. president and executive director at National Grid; CenterPoint Energy promoted three company executives; Darren Olagues, is expected to become president and CEO of Cleco; American DG Energy appointed Benjamin M. Locke as co-CEO; Ronald J. Tanski, president and CEO of National Fuel Gas Company, was elected chairman of the board of directors at Interstate Natural Gas Association of America; Appointment changes at several associations, and others...

The Fortnightly 40 Best Energy Companies

The industry’s transformation has begun. Should the F40 transform too?

(September 2014) Our annual ranking of shareholder performance tracks the long-term returns of leading utilities. But can it predict success in a transformed energy market?

Transactions (July 2014)

First Solar sold the 50-MW Macho Springs Solar Power Plant to a Southern Company subsidiary. DTE Energy purchased one of the Pheasant Run wind parks. Dominion acquired two stand-alone solar energy developments in southwest Tennessee. With asset sales by Suzlon Group, NextEra Energy Resources, and Strata Solar, and debt offerings by ITC Holdings and SunEdison.

People (February 2014)

Nick Akins becomes chairman of AEP board; Dominion names Diane Leopold president of Dominion Energy, and Robert Blue president of Virginia Power; Leila Vespoli becomes chief legal officer at FirstEnergy; PG&E promotes Gregg Lemler to v.p. of electric transmission; plus personnel changes at Consumers Energy, Xcel, Southern Nuclear, ITC, CenterPoint, and others.

Entergy, ITC Discontinue Pursuit of Transmission Spin/Merger

Entergy and ITC Holdings mutually agreed to end their pursuit of a spin/merger of Entergy's transmission business with ITC. The companies formally terminated the merger agreement and filed pleadings to withdraw the remaining transaction approval applications with Entergy's retail regulators, as well as the Missouri Public Service Commission and the Federal Energy Regulatory Commission. The companies originally announced the deal on Dec.

Digest

Danish utility orders 582 MW of Siemens offshore wind turbines; Maui Electric contracts Greenlots and ABB for electric vehicle fast-charging system; U.S. Army Corps of Engineers contracts Eaton for alternative energy and conservation projects at army facilities; Southern Company and Turner Renewable Energy acquire SunEdison project in California; FERC approves Columbia Gas and Williams Partners pipeline expansion projects; plus contracts and announcements from Entergy, ITC Holdings, California ISO, PG&E, MidAmerican Transmission, Citizens Energy, CPS Energy, and others.

The Fortnightly 40 Best Energy Companies

The dash to gas brings volatility in shareholder performance.

Fortnightly’s 2013 ranking of shareholder value performance shows substantial changes, with gas prices weighing on some utilities and elevating others.

Digest

DOE funds B&W to develop and license small modular reactor technology; Panda awards 758-MW combined cycle contract to Bechtel; AEP picks Open Systems International to manage SPP and PJM generation assets; GDF Suez teams up with Viridity Energy for DR services; NRG and PJM go live with University of Delaware V2G project; Minnesota Power energizes new substation serving taconite mine; FP&L completes 4.5-million smart meter rollout; plus contracts and announcements from Duke, FirstSolar, Iberdrola, SRP, ABB, Elster, Siemens, and others.