15B

While calling Xcel Energy’s proposed blueprint for the next several years transformational, the Colorado Public Utilities Commission is balking at nearly $3 billion in additional transmission costs — “jarring” one member called it — in the proposal. The PUC weighed in during a meeting Wednesday on the second phase of Xcel’s energy resource plan, which will help chart the utility’s spending and mix of resources to generate electricity through the rest of the decade. The company’s preference out of the different scenarios…

The Wall Street Journal recently reported that Klarna, a European buy now, pay later (BNPL) provider, is considering raising capital at a valuation of around $15 billion. The new figure is both a dramatic decline from Klarna’s mid-2021 valuation of more than $45 billion and the $30 billion figure it was reported to be targeting earlier this year. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. Klarna is not…

Wall Street Journal: Sources: Klarna is in talks with investors about funding at a ~$15B valuation, down from its $45.6B valuation in June 2021; source: a deal could yield $500M+ — The SoftBank-backed, buy-now-pay-later startup is discussing raising cash at a valuation around $15 billion, down from 2021's near $46 billion valuation Wall Street Journal: Sources: Klarna is in talks with investors about funding at a ~$15B valuation, down from its $45.6B valuation in June 2021; source: a deal could…

Rivian has posted its Q1 2022 results and shareholder letter after market close today, showing $95 million in revenue and a loss of $1.593 billion for the quarter ($1.77 per share), up from a loss of $414 million from the same quarter last year. It ended the quarter with nearly $17 billion in cash, largely from its massive IPO late last year. Rivian also reaffirmed 2022 annual guidance, expecting a total loss of $4.7 billion for the year with 25,000 units of total production and $2.6 billion expected in capital…

Gov. Brian Kemp walks past a Rivian electric truck after announcing that electric truck maker Rivian Automotive will build a $5 billion battery and assembly plant east of Atlanta projected to employ 7,500 workers, Thursday, Dec. 16, 2021, in Atlanta. The state announced on Monday, May, 2, 2022, that it and local governments had agreed to offer Rivian $1.5 billion of incentives to build a 7,500-job, $5 billion electric vehicle plant. Credit: AP…