More Power Industry Financial News

Three LDK solar companies seek quick Chapter 11 reorganization

10/22/2014

LDK Solar Systems Inc., LDK Solar USA Inc. and LDK Solar Tech USA Inc. on Oct. 21 filed a prepackaged Chapter 11 reorganization plan, featuring the usual debt-for-equity swap in cases like this, with the U.S. Bankruptcy Court for the District of Delaware.

Pitt granted $987,000 to study nuclear reactor safety, operational efficiency

10/22/2014

The U.S. Department of Energy’s Nuclear Energy University Programs (NEUP) awarded a $987,000 grant to the University of Pittsburgh to develop sensor networks that improve safety and operational efficiency in nuclear reactors and fuel cycle systems.

GRDA to pay $296M to construct combined-cycle plant in Oklahoma

10/21/2014

Northeast Oklahoma's Grand River Dam Authority (GRDA) directors reached an agreement, on Monday, to pay a $296.9 million engineering, procurement and construction (EPC) contract for a 495-MW combined-cycle power plant near Chouteau, Oklahoma.

Powering Innovation & Efficiency

10/21/2014

More than 21,000 power professionals are expected to attend POWER-GEN International 2014 in Orlando, Florida, December 9-11. With more than 1,400 showcasing companies and 300 speakers, POWER-GEN is the world's largest conference and exhibition for the power sector. Get a preview of what to expect at the event.

Countering Cyber Threats: Internal Resources Might Not be Enough

10/21/2014

Those of us in the power industry are well aware of serious threats our industry faces from hackers and disgruntled (or just careless) employees.

TECO Energy to sell coal mining business for $170mn

10/21/2014

TECO Energy (NYSE: TE) signed an agreement to sell its coal mining unit, TECO Coal and its subsidiaries, to Cambrian Coal Corp. for $170 million.

Duke Energy to purchase solar power from three North Carolina projects

10/20/2014

Duke Energy Progress (NYSE: DUK) has entered into a long-term power purchase agreement for three solar photovoltaic (PV) projects, totaling 21-MW, from Ecoplexus Inc.

Dominion could spend $6bn on CO2 compliance in Virginia

10/20/2014

Staff at the Virginia agency charged with regulating electric utilities has found plenty to dislike in a federal plan to slash greenhouse gas emissions by 2030.

Colorado Springs eyes heavy 2015 spending on coal emissions controls

10/20/2014

Colorado Springs Utilities has proposed a 2015 budget that includes heavy spending for new air emissions controls for its coal-fired Nixon and Drake power plants.

A Look Back: The 2013 Projects of the Year Award Winners

10/20/2014

Quebec wind energy farm receives government decree

10/17/2014

Innergex Renewable Energy (TSX: INE) received a government decree from the Quebec government for a C$365 million ($324 million) 150-MW wind energy project in the province.

Romania picks China nuclear company to develop reactors

10/17/2014

Romania’s state-owned Nuclearelectrica picked China General Nuclear Power Holding Corp. (CGN) to help build two nuclear reactors in Romania.

URS shareholders vote on merger with AECOM

10/17/2014

URS Corp. (NYSE: URS) said the company’s shareholders have weighed in on a possible merger with AECOM Technology Corp. (NYSE: ACM).

Lightbridge to help develop nuclear research reactor in Vietnam

10/17/2014

Lightbridge Corp. (Nasdaq: LTBR) and the Vietnam Atomic Energy Institute, signed a comprehensive cooperation agreement for consulting services related to the construction and operation of a research nuclear reactor.

10/15 Henry Hub Average Natural Gas Spot Prices

10/16/2014

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

Report: Nuclear waste repository design meets NRC requirements after shutdown

10/16/2014

The latest evaluation of a geologic nuclear waste repository in Nevada says the proposed design meets limits or standards set by the U.S. Nuclear Regulatory Commission (NRC).

Companies sign MOU to continue nuclear fuel-related work

10/15/2014

Daher signed a memorandum of understanding with Tenex, a subsidiary of Rosatom, to continue and expand nuclear activities in Russia.

PowerSecure lands $25M for energy efficiency, distributed generation projects

10/15/2014

PowerSecure International Inc. (NYSE: POWR) has been awarded a total of $25 million for distributed generation, utility infrastructure and energy efficiency projects.

SNC-Lavalin completes sale of interest in NY natural gas-fired power plant

10/15/2014

SNC-Lavalin Inc. (TSX: SNC) reached financial close on the sale of its minority interest in Astoria Project Partners LLC (Astoria I) to EIF Astoria LLC and East River FundCo LLC.

French gov’t to oust EDF CEO, proposes predecessor

10/15/2014

The French government said it is looking to name a new chief executive of the majority state-owned power utility Electricité de France (EDF).