More Power Industry Financial News

Ten power utilities among most profitable

09/16/2014

SNL Energy reported that the 25 most profitable utilities by recurring earnings before interest, taxes, depreciation and amortization (EBITDA) margin was dominated by power and diversified utilities.

Duke Energy to service Pattern wind energy plant in Texas

09/16/2014

Pattern Energy Group signed a long-term agreement with Duke Energy Renewables (NYSE: DUK) to service a 283-MW wind power project in Texas.

GAO: Federal agencies must jointly monitor effects of emissions regulations

09/15/2014

The U.S. Government Accountability Office (GAO) updated a report that said electricity prices may increase as more coal-fired power plants are shut down due to regulations from the U.S. Environmental Protection Agency (EPA).

Duke Energy buying back stakes in Crystal River nuclear plant

09/15/2014

The Orlando Utilities Commission (OUC) reached an agreement to sell back its stake in the shuttered 860-MW Crystal River Nuclear Power Plant in Florida.

Duke Energy signs $500mn commitment for N.C. solar power

09/15/2014

Duke Energy (NYSE: DUK) signed a $500 million commitment to expand solar power in North Carolina.

Appeals court hears arguments on New York capacity zone

09/15/2014

Central Hudson Gas & Electric and Iberdrola USA subsidiaries New York State Electric & Gas and Rochester Gas and Electric provided oral argument Sept. 12 in the U.S. Second Circuit Court of Appeals over the Federal Energy Regulatory Commission's decision to assess "unnecessarily high prices" in a new capacity zone in the lower Hudson Valley.

N.J. law that subsidizes new power plant development is invalid

09/12/2014

A panel for a federal appeals court unanimously ruled that a New Jersey law meant to push new power plant builds is invalid.

Duke Energy Florida selling tools, equipment from Crystal River nuclear plant

09/12/2014

Duke Energy Florida (NYSE: DUK) will auction off a wide variety of new and used tools and equipment from the retired Crystal River Nuclear Plant in Florida.

09/10 Henry Hub Average Natural Gas Spot Prices

09/11/2014

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX).

Areva to supply fuel for Browns Ferry nuclear power plant

09/11/2014

The Tennessee Valley Authority (TVA) awarded a $250 million fuel supply contract to Areva for a TVA nuclear power plant in Alabama.

Westinghouse signs I&C agreements with China nuclear company

09/11/2014

Westinghouse Electric Co. signed two instrumentation and control (I&C) system cooperation agreements with China’s SNPAS.

Xcel Energy, Areva extend nuclear fuel supply contract

09/10/2014

Xcel Energy (NYSE: XEL) and Areva extended a nuclear fuel and services contract for the Monticello nuclear power plant in Minnesota.

China is sole bidder for Romania nuclear new builds

09/10/2014

China General Nuclear (CGN) filed a non-binding bid to build two new reactors at the Cernavoda nuclear power plant in Romania.

Canadian Solar sells Ontario solar power project for $55mn

09/10/2014

Canadian Solar (Nasdaq: CSIQ) said its wholly owned subsidiary, Canadian Solar Solutions Inc., finalized the sale of an Ontario solar power project for C$60 million ($54.9 million).

EDF EN Canada sells 30% interest wind power project

09/10/2014

EDF EN Canada Inc. (EDF) will sell 30 percent interest in the 80-MW Saint-Robert-Bellarmin Wind Project to Fiera Axium Infrastructure Canada II L.P. and Régime de rentes du Mouvement Desjardins along with entities of Desjardins Group.

SunEdison, TerraForm Power secures $145M from Google for solar power project

09/10/2014

Google Inc. will invest $145 million in equity financing for the Regulus solar plant, located in Kern County, California.

USEC plans name change, emergence from bankruptcy

09/09/2014

Uranium supplier USEC Inc. (NYSE: USU) said that the U.S. Bankruptcy Court for the District of Delaware confirmed the company’s reorganization plan and that it will emerge from Chapter 11 under the name Centrus Energy Corp.

Environmentalists: N.J. at risk of losing $500M if emissions program ends

09/09/2014

New Jersey Gov. Chris Christie is looking to withdraw from the Regional Greenhouse Gas Initiative (RGGI), however, the state could lose $500 million by 2020, according to financial analysis conducted by Environment Northeast.

EDF Energy extends nuclear services contract with Jacobs

09/09/2014

EDF Energy extended the contract of Jacobs Engineering Group Inc. (NYSE: JEC) to provide project services for EDF’s eight nuclear power stations in the UK.

Eskom will move on with Areva nuclear power contract

09/09/2014