S&P Global Market Intelligence presents the most read stories for the week ended Jan. 11.
1. PG&E gas utility sale would not offset wildfire liability, analysts say
Pacific Gas and Electric Co. would realize few benefits from selling off its gas utility assets, even as the company stares down potential multibillion-dollar liabilities in the wake of wildfire devastation, analysts said Jan. 7.
2. Ariz. regulator takes reins with quest to end 'regulatory capture' by APS
Arizona's new top energy regulator has taken the reins of an agency blighted by a string of recent controversies, including alleged ethics violations and claims of undue influence by regulated entities, with a mission to end the "regulatory capture" of the state's largest electric utility, Arizona Public Service Co.
3. Coal plant retirements in 2018 more than double 2017's total
A total of 16,900 MW of U.S. power generation capacity retired in 2018, according to S&P Global Market Intelligence data, far more than the 11,569 MW retired in 2017.
4. Energy pipeline rally may signal turnaround for depressed sector, analysts say
A stock price rally sweeping North America's energy pipeline sector could indicate a material turnaround for some beleaguered equity values, some industry experts said.
5. Under fire, Appalachian shale driller EQT slashes workers, management
Facing pressure from investors for its disappointing performance since merging with neighbor Rice Energy in 2017, Appalachian shale gas driller EQT Corp. laid off managers and workers Jan. 7 in a bid to streamline its operations and deliver free cash flow with modest growth, EQT's new CEO, Robert McNally, said in a letter to shareholders.