** Xcel Energy Inc. (reported 2021 second quarter GAAP and ongoing earnings of $311 million, or $0.58 per share, compared with $287 million, or $0.54 per share in the same period in 2020.
** The ALLETE, Inc. board of directors has declared a quarterly dividend of 63 cents per share of common stock. On an annual basis, the dividend is equivalent to $2.52 per share, unchanged from the previous quarter.
** Cactus, Inc. announced financial and operating results for the second quarter of 2021 and an increase to its quarterly cash dividend. Revenue totaled $108.9 million, up 29% sequentially.
** Wind turbine maker Siemens Gamesa is charging higher prices, combing over contracts and hedging harder against rising raw materials costs to try to heave its business back to profit, executives said on Friday.
** Exelon plans to shut down two Illinois nuclear power plants that it previously sought to keep afloat with state subsidies—and the reasons behind the shutdown raises questions as to the competitiveness of the nuclear industry as a whole.
** A Royal Dutch Shell Plc-led project to build a C$40 billion ($32 billion) liquefied natural gas facility in Canada is threatened with another delay amid a dispute over who will bear the escalating cost of a pipeline to supply the plant.
** Canadian pipeline operator Enbridge Inc on Friday beat market estimates for second-quarter profit, as the volumes transported on its Mainline system rose from a year-ago due to a rebound in fuel demand.
** Tesla will pay $1.5 million to settle claims it temporarily cut battery capacity in 1,743 cars. This includes $625 each to some Tesla Model S owners whose batteries were hit by a 2019 software update.
** Goldman Sachs predicts drastic rise in power demand because of the growth of the Electric Vehicle market.
** Enbridge Inc said federal pipeline safety regulators gave its Texas Eastern Transmission (TETCO) unit permission to return the Pennsylvania to Mississippi natural gas pipeline back to full pressure following a two-month reduction.
** Entergy says it will submit plans to build a 1,125-megawatt power plant in southeast Texas that can run on natural gas or hydrogen.
** Tesla wins approval to open three direct-to-consumer stores in Virginia, a ruling criticized by the state’s auto dealers association.
** An Idaho-based company plans to open a 1 million square footlithium-ion battery manufacturing facility in Buckeye, Arizona that is slated to employ 3,000 people.