S&P Global Market Intelligence presents the most-read stories for the week ended Oct. 10.
1. State fires National Grid auditor for plagiarism, 'pervasive lack' of analysis
New York regulators removed the consulting company selected to audit three National Grid USA utilities, alleging portions of its draft audit were plagiarized and provided little independent analysis.
2. NextEra, Duke Energy, Emera confirm participation in JEA solicitation
NextEra Energy Inc., Duke Energy Corp. and Emera Inc. are participating in Florida municipal utility JEA's request for proposals for new ownership structures, including privatization, the utilities confirmed.
3. Shell CEO says cross-collaboration is key to reaching climate goals
Achieving a sustainable energy future will require fossil fuels, money to infuse a transformation, and collaboration between individuals, companies and governments, Royal Dutch Shell PLC's top executive said.
4. PG&E starts blackouts for nearly 800,000 customers as wildfire risk surges
Facing extreme risks that its power lines could ignite wildfires in hot, dry and windy weather conditions, Pacific Gas and Electric Co. early Oct. 9 began the first wave of precautionary blackouts to nearly 800,000 customers across 34 counties in northern and central California, the PG&E Corp. utility subsidiary confirmed.
5. Report warns of up to US$71B in stranded coal assets in Japan
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.
