WEC Energy Group Director Sells $66,340 Worth of Shares

ULICE PAYNE JR, Director at WEC Energy Group, sold 750 shares of the company on August 12th. This insider transaction, while not solely indicative of future stock performance, may offer insights into the company’s trajectory. WEC Energy Group, a utility company serving customers in the Midwest, has been navigating some financial challenges, including a decline in revenue and a high debt-to-equity ratio.

PFES Recognized as Top Program Management Firm by ENR

PFES, a leading provider of strategic consulting services for the Energy and Utility sectors, has been recognized by Engineering News-Record (ENR) as one of the Top Program Management Firms in the United States. This marks PFES’s continued growth and success in the industry, as it also climbed to #46 on ENR’s list of Top 500 Design Firms.

Schneider Electric Appoints Ruben Llanes as CEO of Digital Grid to Advance Grid Modernization

* Ruben Llanes, former CEO of AutoGrid, joins Schneider Electric’s Digital Grid as CEO, bringing extensive experience in grid digitalization and software solutions.

* Digital Grid, part of Schneider Electric’s Innovation at the Edge business, aims to accelerate grid modernization and enhance resilience through innovation, adoption, and partnerships.

* Llanes’ appointment reflects Schneider Electric’s commitment to driving the digital transformation of energy management and automation, fostering a balanced and resilient grid.

* Schneider Electric offers a comprehensive portfolio for grid operation, ADMS, DERMS, and asset management, addressing industry challenges holistically and shaping a more equitable energy ecosystem.

* Schneider Electric’s purpose is Life Is On for all, integrating process and energy technologies to empower the digital transformation of homes, buildings, data centers, and industries.

California Bill to Curb Utility Spending Fails, Sparking Outrage

California lawmakers have rejected a bill aimed at cracking down on utility spending, prompting accusations of the misuse of customer funds. The bill sought to expand definitions of prohibited advertising and political influence, allowing regulators to fine utilities that break the rules. Utilities like Pacific Gas & Electric (PG&E) opposed the bill, arguing that it would limit regulators’ authority and that customer funds are appropriately used for industry association memberships and safety communications.

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