More Power Industry Financial News

Kemper plant costs rise $496M due to startup delays

10/30/2014

In the September monthly report filed by Southern Co. (NYSE: SO) to the Mississippi Public Service Commission and the Securities and Exchange Commission, the company said its subsidiary, Mississippi Power, will need an additional $496 million to extend the deadline to finish the Kemper Integrated Coal Gasification Combined-Cycle (IGCC) facility in eastern Mississippi.

Guam to build $589M power plant to meet regs

10/30/2014

The Guam Power Authority is planning to build a $589 million power generator from scratch.

Murray adds 100M tons to Illinois' coal holdings

10/29/2014

ST. LOUIS (AP) - A leading U.S. coal company is adding roughly 100 million more tons of reserves and other resources to its southern Illinois portfolio, broadening its operations months after decrying federal regulation of the industry.

Proposed tax hike in Sweden could shutdown nuclear power plants

10/29/2014

Sweden nuclear power plant operators may have to shut down older reactors earlier than planned after a new government coalition proposed increasing taxes on nuclear power capacity by 17 percent from 2015.

Cogeneration power plant in Mexico in the works

10/28/2014

ATCO and partner Grupo Hermes S.A. de C.V. were picked to begin project development and the approval process for a planned 638-MW natural gas cogeneration power plant in Mexico.

Exelon Generation awards GE Hitachi $300M in outage services, fuel contracts

10/28/2014

Exelon Generation (NYSE: EXC) has awarded an integrated outage contract, worth nearly $300 million, to GE Hitachi Nuclear Energy (GEH) for the utility’s fleet of boiling water reactor (BWR) nuclear energy facilities.

Baltimore Gas & Electric awards ICF International $61M energy efficiency contract

10/28/2014

Baltimore Gas and Electric Company (BGE), a subsidiary of Exelon Corp. (NYSE: EXC), has awarded ICF International, a provider of consulting services and technology solutions, three contracts to extend and enhance energy efficiency services.  

Samsung, Pattern close on $517.9mn financing for wind energy plant

10/28/2014

Samsung Renewable Energy Inc. (Samsung) and Pattern Energy Group LP completed a C$580 million ($517.9 million) construction and term loan financing for a wind energy project in Ontario.

Arbitration claims updated in Olkiluoto 3 nuclear reactor case

10/27/2014

Areva & Siemens updated it claim against Finnish utility TVO in regards to construction of the Olkiluoto 3 nuclear reactor.

Optim Energy to market its two gas-fired power plants in Texas

10/27/2014

Optim Energy LLC is getting ready to market its two gas-fired power plants in Texas now that it has closed the sale, as of Oct. 14, of its coal-fired Twin Oaks plant in Texas.

Forrest Kerr hydro project reaches commercial operation

10/24/2014

Canada's AltaGas Ltd. announced its 195-MW Forrest Kerr hydropower project in British Columbia completed a 72-hour testing period required to achieve commercial operation under its power purchase agreement with BC Hydro.

DOE announces $53M investment to cut cost of solar power

10/24/2014

Department of Energy (DOE) Secretary Ernest Moniz announced that the department will invest more than $53 million for 40 research and development (R&D) projects that aim to drive down the cost of solar energy, tackling key aspects of technology development in order to bring innovative ideas to the market more quickly.

AECOM releases URS’ final merger consideration election results

10/24/2014

AECOM Technology Corp. (AECOM, NYSE ACM) announced the final results of elections made by former stockholders of URS Corp. (NYSE: URS) regarding the form of consideration to be received in connection with the proposed merger.

Carbon capture, conversion pilot project opening in Texas

10/24/2014

The Department of Energy (DOE) and Skyonic Corp. marked the opening of a project demonstration for converting carbon dioxide into commercial products.

Wind energy farm in Quebec receives government decree

10/24/2014

Innergex Renewable Energy has received a government decree from the Quebec government for a $324 million 150-MW wind energy project.

10/22 Henry Hub Average Natural Gas Spot Prices

10/23/2014

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

SunEdison secures financing for 26 MW utility solar power plant

10/23/2014

SunEdison (NYSE: SUNE) has successfully secured financing, underwritten by Deutsche Bank Securities Inc., to construct the 26-MW Vega solar power plant located in Merced County, California.

Worker strike cuts nuclear power capacity in France by 7 GW

10/23/2014

EDF says its French nuclear supply was cut by 7 GW Thursday when workers at several nuclear plants went on strike.

Michigan electric co-op planning natural gas-fired power plant

10/23/2014

Wolverine Power Cooperative announced plans to develop the Alpine natural gas-fueled power plant in Michigan.

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.