More Power Industry Financial News

Hawaii energy executives tell lawmakers plans for takeover

01/29/2015

An official at NextEra Energy told Hawaii lawmakers that his company does not plan to lay off staff if it acquires Hawaiian Electric.

Dominion seeks rate freeze against opposition on many fronts

01/29/2015

Virginia's biggest electric utility wants to weaken state oversight of its rates, saying the move will help protect its customers from possible steep increases in their electric bills brought on by federal efforts to curb carbon emissions.

Nuclear capacity must double to 1200 GW by 2050, report says

01/29/2015

The International Energy Agency (IEA) and the Organisation for Economic Cooperation and Development’s Nuclear Energy Agency (NEA) jointly released a roadmap saying nuclear needs to more than double by 2050 in order to slow the rise in global temperature.

Longview Power files amended, and maybe final, reorganization plan

01/28/2015

Longview Power LLC and its affiliates, including coal producer Mepco LLC, on Jan. 26 filed a second amended reorganization plan with the U.S. Bankruptcy Court for the District of Delaware.

Pattern grows wind and solar developments in Japan with GPI deal

01/28/2015

Pattern Energy Group Inc. (Nasdaq: PEGI) said its Pattern Energy Group LP (Pattern Development) subsidy acquired a majority stake in a Japanese investment corporation.

Clyde Bergemann to supply emissions control equipment to Polish cogeneration power plant

01/27/2015

The Clyde Bergemann Power Group Europe has received at $10 million contract, from SBB Energy, to design, supply and commission SO2 and dust reduction systems for the Będzin cogeneration plant in Poland.

Inslee's cap-and-trade plan makes polluters pay

01/27/2015

Gov. Jay Inslee's sweeping proposal to rein in greenhouse gases with a charge on polluters is being heard Tuesday in the House Environment Committee.

Solar energy supporters, utilities spar over legislation

01/27/2015

Solar energy supporters are pushing back against a bill backed by Indiana's utilities that would change how much credit owners of small-scale solar installations get for the power they generate.

GNF to provide nuclear fuel reloads to Cooper plant

01/26/2015

Global Nuclear Fuel, a joint venture of GE, Hitachi and Toshiba, will continue to provide fuel reloads for the Cooper Nuclear Station in Nebraska.

Fitch downgrades bonds for Colver waste coal power plant in Pennsylvania

01/26/2015

Fitch Ratings said Jan. 23 that, due to concerns about an "aging" power plant that fires waste coal, it has downgraded the ratings on the Pennsylvania Economic Development Financing Authority's $169m aggregate series F resource recovery revenue refunding bonds due 2018 to 'BB' from 'BB+'.

Blizzard warnings drive up Northeast gas, power prices

01/26/2015

Spot power and natural gas prices surged for the Northeast as that region prepared for a major winter storm on Jan. 26.

OSU regents approve construction of new central plant

01/26/2015

The Oklahoma State University Board of Regents has authorized construction of a new central power plant at OSU's Stillwater campus.

Senate panel passes energy-efficiency utility bill

01/23/2015

Major utility companies would be able to develop their own energy-efficiency programs and charge customers to implement them under a bill that cleared a state Senate committee Thursday, but the panel's chairman said the bill still needs a lot of work.

Hinkley Point B nuclear reactor taken offline for scheduled maintenance

01/23/2015

One of two nuclear reactors at Hinkley Point B in the UK was taken out of service for a £40 million ($60.1 million) maintenance outage.

New facility will use landfill gas to power Anaheim homes

01/23/2015

Officials in California’s Orange County yesterday announced the start of construction on a new facility that will convert landfill gas to electricity at the Frank R. Bowerman landfill east of Irvine.

Siemens to supply wind turbines for Kansas project

01/23/2015

Siemens (NYSE: SI) will supply wind turbines to a 48-MW wind energy project in Kansas.

WPS seeks approval to build $517Mn gas-fired generating unit

01/23/2015

Wisconsin Public Service (WPS) has requested to build a $517 million, 400-MW natural gas-fired generating unit at its Fox Energy Center in Wrightstown.  

GE secures financing for 150-MW Briscoe Wind Project

01/22/2015

GE Energy Financial Services (NYSE: GE) has secured the necessary financing for the 150-MW Briscoe Wind Farm in Briscoe County, Texas.

Another group pulls out of PNM's power plant proposal

01/22/2015

A third group is withdrawing its support of Public Service Co. of New Mexico's plan to shut down half of the coal-fired San Juan Generating Station near Farmington.

01/21 Henry Hub Average Natural Gas Spot Prices

01/22/2015

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