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From its remote headquarters in Newfoundland, Canada’s largest investor-owned utility is making inroads into the U.S. energy market. Fortis Inc. began trading on the New York Stock Exchange this month, after completing its acquisition of ITC Holdings, the biggest independent electric transmission company in the U.S., for $11.3 billion. (Read more)
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The year 2016 will be a crucial one for electric utilities as they prepare to meet new Environmental Protection Agency regulations requiring them to cut their carbon emissions more than ever. Among the milestones in EPA’s Clean Power Plan, which the agency issued last year, is a requirement for states to submit plans by September to comply with the policy’s requirement to reduce emissions by 32% by 2030, compared with 2005 levels. Utilities will play a big part in the development of those plans. (Read more)
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