The Texas storm was a reminder for utilities in the region, which are more familiar with summer peaking events, that extreme weather is now a year-round concern.
Keeping the 2,240 MW nuclear plant running past its planned 2025 retirement would reduce power sector carbon emissions, save money and improve grid reliability, according to the report.
The company continues on a path to focus on its "attractive regulated utility businesses" and to lower business risks with a new sale, according to its chief financial officer.
GreenHat's market schemes led to the largest default in PJM's financial transmission rights market, leaving its members to absorb the losses, according to the Federal Energy Regulatory Commission.
The utility sector's increasingly rapid shift towards decarbonization should provide significant opportunities for GE's move, which it expects to complete by early 2024.
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