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PM Edition: NextEra has highest CEO pay ratio; driller funding options narrowing

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US utility commissioners: Who they are and how they impact regulation

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Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


PM Edition: NextEra has highest CEO pay ratio; driller funding options narrowing

Top News

NextEra reports largest CEO to median employee pay ratio in 2018

The spread between compensation for top utility executives and median employees widened for several companies in 2018. NextEra Energy Inc. had the largest reported CEO to median employee pay ratio of 170-to-1 in 2018, an S&P Global Market Intelligence analysis shows.

Survey: Revolver cuts next as debt, equity windows close on drillers

U.S. oil and gas producers will probably see their lines of credit, or revolvers, clipped 10% after banks redetermine their credit limits this fall, according to a recently released survey of lenders and producers.

Norway pension fund sheds Canadian, Russian oil sands assets

Kommunal Landspensjonskasse gjensidig forsikringsselskap and KLP Funds, which are the largest pension fund in Norway, have divested approximately US$58 million of the shares and debt of four Canadian oil sands producers and a similar company in Russia.

FERC denies Tri-State bid to skirt state regulation

The Federal Energy Regulatory Commission on Oct. 4 rejected, without prejudice, a Tri-State Generation and Transmission Association Inc. proposal to become subject to the agency's jurisdiction. FERC found that a series of filings aimed at making the wholesale electric cooperative's rates FERC-jurisdictional were deficient because they lacked basic information required under the commission's rules.

Other energy headlines

* LNG developers are taking on more risks amid shifting financing conventions, according to a recent report from Fitch Solutions Macro Research. Competition among LNG export developers is becoming more intense, and projects in the U.S., Russia and Qatar will lead the small group that makes it to construction through 2020, the report said.

* According to a report by Austin-based Enverus, there were more than $17 billion worth of M&A transactions in the upstream oil and gas segment in the third quarter, slightly lower but still within striking distance of the quarterly average of $19 billion from 2016 to 2018.

* Japan may be left to deal with US$71 billion in stranded coal assets due to the falling price of renewable energy, a new report from The Carbon Tracker Initiative found.

* ConocoPhillips raised its quarterly dividend by 38% to 42 cents per share and said it would buy back $3 billion of its shares in 2020. The new dividend represents an annualized increase of about $500 million.

ChartWatch

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Santee Cooper, legally known as South Carolina Public Service Authority, has outlined a plan to reduce its coal-fired generating capacity by shutting one of its two large coal plants in stages and perhaps shutting the second plant. First-half fuel deliveries data from S&P Global Market Intelligence show delivery of 2.7 million tons of coal to Santee Cooper, of which 92.4%, or 2.5 million tons, went to the Cross plant.

Research and data

Financial Focus: NRG, Vistra end Q3 on high note as S&P, Fitch warm to power, retail game plans

Financial Focus: Dueling green mandates in Washington state drive near-term need

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Would-be lenders scrutinize reliability, costs in battery storage projects

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