Southern California Edison (SCE), a major energy company in the United States and a subsidiary of Edison International, has unveiled its preliminary plan to restore areas that suffered damage due to the catastrophic wildfires in January 2024. These fires caused immense destruction, and the record-breaking recovery expenses already classify this disaster as one of the most devastating in U.S. history.
In a rapidly evolving energy landscape and amidst rising market competition, the largest electricity provider in the United States, Constellation Energy, continues to redefine industry boundaries. This week, the company has attracted renewed scrutiny as it defends its ambitious acquisition of the private firm Calpine, a leader in natural gas and geothermal energy. Announced back in January, this major acquisition—valued at USD 16.4 billion—is among the most significant deals in the US energy industry. However, the move has stirred concerns among consumer groups worried that the merger might grant the combined entity excessive market control.
The recent approval by the Federal Energy Regulatory Commission (FERC) marks a significant development in the country's energy system. The decision to expand the territory of the Southwest Power Pool (SPP) makes it the first regional energy system to span both the western and eastern interconnections of the United States. This milestone is pivotal not only for the energy sector but also for the economy, impacting the national electricity market.
