More Power Industry Financial News

Algeria will build nuclear power plant by 2025

05/20/2013

In a bid to diversify its energy mix amid soaring electricity prices, Algeria intends to build its first nuclear plant in 2025.

EDF stock drops on earnings forecast downgrade

05/17/2013

The stock price of Europe’s biggest energy producer, EDF, slumped sharply on news that Bank of America cut its stock rating due to concerns about earnings from nuclear generation

5/15 Henry Hub Average Natural Gas Spot Prices

05/16/2013

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

WWEA: Wind power capacity to reach 500,000 MW by 2016

05/16/2013

The World Wind Energy Association expects global wind power capacity to reach 500,000 MW by 2016 and that total global wind power capacity of around 1 million MW is possible by the year 2020.

Goldman Sachs gives SolarCity a $500mn boost

05/16/2013

SolarCity signed a lease financing agreement with Goldman Sachs to fund more than $500 million to develop some 110 MW of solar power.

Solar power research in Nevada to receive $20mn boost

05/15/2013

The National Science Foundation is awarding a $20 million grant to Nevada’s higher education system to help fund research on solar power.

Wind power, emissions control investments garner clash in Nebraska

05/14/2013

The Nebraska Electric Generation and Transmission Co-op Inc. is asking Nebraska Public Power District to eliminate proposed investments in wind energy, emissions controls and energy efficiency programs.

Quantum Technologies sells wind farm to Leader Resources

05/14/2013

Natural gas storage system maker Quantum Fuel Systems Technologies Worldwide and its unit, Schneider Power, completed the sale of the 1.6 MW Providence Bay wind farm to Leader Resources.

The Federal Reserve Bank of Dallas' Economic Indicators

05/13/2013

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestically and internationally.

North Energy Central to install 400 MW power plant in Dominican Republic

05/10/2013

U.S.-based North Energy Central (NEC), a unit of Southern California Telephone & Energy (SCT&E), agreed with the Dominican Republic State-owned Electric Utility (CDEEE) to install a 400 MW natural gas-fired power plant in Manzanillo, in the Northwest province of Montecristi.

With more wind energy, PJM could save customers $7 billion per year

05/09/2013

The PJM Interconnection could save its customers $6.9 billion if it more than doubled the amount of wind energy it currently plans to build.

5/8 Henry Hub Average Natural Gas Spot Prices

05/09/2013

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

MidAmerican plans $1.9bn Iowa wind expansion

05/09/2013

MidAmerican Energy plans to add up to 1,050 MW of wind generation, or up to 656 wind turbines, in Iowa by year-end 2015.

TransAlta working to restore Keephills coal fired unit to service

05/08/2013

TransAlta Corp. continues to work with the original equipment manufacturer to safely return its Keephills Unit 1 power plant to service.

Black Hills Corp. to sell 40 MW natural gas-fired unit

05/08/2013

Black Hills Corp. is selling a 40 MW natural gas-fired power generating unit to the city of Gillette, Wyo. for $22 million.

Picasolar wins NSTAR MIT Clean Energy Prize

05/08/2013

Picasolar, a team from the University of Arkansas, has won a $150,000 NSTAR MIT Clean Energy Prize for increasing efficiency in solar cells.

Duke seeks funds for Levy County nuclear project

05/08/2013

Duke Energy Florida has asked regulators to approve an increase in special nuclear charges to Florida customers in order to fund construction of two new reactors near Orlando in addition to covering costs associated with the now defunct Crystal River nuclear plant.

Deal signed to potentially sell planned natural gas-fired power plant

05/07/2013

Gemma Power Systems, a subsidiary of Argan Inc., signed a Consent and Intercreditor Agreement for a planned 820 MW natural gas-fired power plant in Pennsylvania.

First Solar to lay off 150 North American employees

05/07/2013

Arizona-based First Solar Inc. said Monday the company is playing to lay off 150 North American workers over the next few weeks as it restructures its global operations.

New AWEA Leadership Urges Strategy, Unity for US Wind Industry

05/07/2013

Kicking off the AWEA Windpower 2013 event in Chicago, the new leadership of the American Wind Energy Association (AWEA) took to the stage and underscored a five-point plan to build a viable and sustainable industry centered around developing a unified message backed by personal contributions.