S&P Global Market Intelligence editors' picks for the best stories for the week ended Dec. 21.
1. Ga. regulatory staff warns of lawsuit if Vogtle costs are not prudent
Georgia regulatory staffers revealed that they could sue Georgia Power Co. if they believe that its Vogtle nuclear project costs were imprudently incurred, but any litigation would not occur until 2022, when the second of two new reactors is targeted to come online.
2. Jim Rogers remembered as 'visionary leader' who enjoyed spotlight, people
Shortly after Duke Energy Corp. and Cinergy Corp. completed their merger in April 2006, Jim Rogers and the new management team traveled to New York to ring the closing bell at the New York Stock Exchange. He invited his long-time personal driver, Frank, up to the podium to take part in the festivities.
3. Allegations of falsified pipeline records come at perilous time for PG&E utility
Allegations that Pacific Gas and Electric Co. systematically broke gas safety rules and falsified records for years could compound a set of recent problems at the utility company, including an ongoing probation violation inquiry and the parent company's suffering stock price.
4. Williams CEO angles for Permian gas, sees political opportunity in Amazon growth
As president and CEO of Williams Cos. Inc., Alan Armstrong has led one of the most prolific natural gas pipeline companies in North America since 2011. Williams had a busy 2018, closing a $10.5 billion deal to roll up its master limited partnership in August and completing a milestone expansion on its flagship Transcontinental Gas Pipe Line Co. LLC system when the Atlantic Sunrise component began service in October.
5. Energy transition advocates push financial tools for smooth exit from coal
While U.S. mining companies push for policies to support the coal-fired power generation units that make up much of their customer base, power generators and the bodies that regulate them are increasingly being directed to tools that will allow them exit from coal in the most painless ways possible.