More Power Industry Financial News

B&W Vølund to build waste-to-energy power plant in Scotland

12/22/2014

In a consortium with Interserve, Babcock & Wilcox Co.’s (B&W, NYSE:BWC) subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), will engineer, procure and construct (EPC) a waste-to-energy (WTE) power plant for Viridor UK. The contract is worth approximately $230 million.

PSC approves solar power project

12/22/2014

The Public Service Commission has approved solar power project planned by Kentucky Utilities and Louisville Gas and Electric in Mercer County.

Nuclear plant predicts $1.24B decommissioning cost

12/22/2014

The Vermont Yankee nuclear plant has made formal its prediction that decommissioning the reactor will cost $1.24 billion.

DTE Electric files rate increase

12/22/2014

DTE Electric, a subsidiary of DTE Energy (NYSE: DTE), has filed its first electric residential rate increase in four years. However, due to previously-planned rate adjustments, commercial and industrial consumers will see a rate reduction.

Fuel Tech receives air pollution control contracts worth $3.6Mn

12/19/2014

Fuel Tech Inc. has received multiple air pollution control (APC) contracts, worth approximately $3.6 million, from customers in China, Europe and the U.S.

Video: Duke Energy acquires Halifax Solar Project in North Carolina

12/19/2014

Duke Energy Renewables (NYSE: DUK) has acquired a 20-MW solar project in Roanoke Rapids, North Carolina, from Geenex and ET Solar Energy Corp.

Westinghouse continues to provide nuclear fuel to French power plants

12/19/2014

Westinghouse Electric Co. and EDF signed a new long-term nuclear fuel contract to support EDF’s nuclear power plants in France.

Check out these highlights during Power Generation Week

12/18/2014

More than 22,000 industry professionals from around the world gathered in Orlando for Power Generation Week, where innovative and cost-effective solutions for maintaining, operating and building new power generation were shared. More than 1,400 exhibiting companies from every sector of the industry showcased their products and services on the exhibit floor.

RES Americas, PSE to develop battery storage project

12/18/2014

Puget Sound Energy (PSE) and Renewable Energy Systems Americas Inc. (RES Americas) have announced plans to launch a battery storage project in Whatcom County, Washington.

Kudankulam nuclear units to be up and running by 2021

12/18/2014

India’s government says units 3 and 4 of the Kudankulam Nuclear Power Project are scheduled to begin commissioning in 2020 and 2021.

Wind energy project phase gains $300mn financing

12/18/2014

Goldwind USA received $300 million financing for the second phase of a wind power project in Panama.

Washington governor proposes cap on carbon pollution

12/18/2014

Washington Gov. Jay Inslee on Wednesday proposed an ambitious cap-and-trade program to require the state's largest industrial polluters to pay for every ton of carbon they release.

Moody’s sees stable 2015 for public power sector

12/18/2014

Despite anxiety over the financial impact of the Environmental Protection Agency (EPA) Clean Power Plant to cut carbon dioxide (CO2) emissions, Moody's Investors Service is upbeat about the outlook for public power utilities in 2015.

Recovery project for Kingston ash spill nears completion

12/17/2014

Clean up efforts, from the 2008 Kingston Fossil Plant coal ash spill, is near completion.

DOC imposes additional tariffs on solar panels from China, Taiwan

12/17/2014

The U.S. Department of Commerce (DOC) has announced it will impose tariffs on solar photovoltaic (PV) modules imported from China and Taiwan.

Dominion's 1,329 MW Warren County gas-fired power station enters operation

12/17/2014

Dominion Virginia (NYSE: D)’s natural gas-fired, 1,329 MW Warren County Power Station, in Virginia, has entered commercial operation.

Hinkley Point C nuclear plant to break ground in 2015

12/17/2014

The head of EDF Energy said work on the Hinkley Point C nuclear power plant is expected to begin in 2015.

Eos Energy Storage receives $2.1Mn from California Energy Commission for battery demo

12/17/2014

As part of California’s Electric Program Investment Charge (EPIC), through the California Energy Commission (CEC), Eos Energy Storage was awarded $2.1 million for an advanced battery storage system demonstration.

Kansas firm moves ahead on wind as rule is debated

12/17/2014

Kansas' largest electric company announced plans Tuesday to buy power from a wind farm under development to meet a state renewable-energy mandate, as legislators prepared for another debate over repealing the requirement.

U.S. Congress OKs $345mn for MOX fabrication facility

12/16/2014

CB&I (NYSE: CBI) announced that the U.S. Congress has continued funding for the Mixed Oxide (MOX) Fuel Fabrication Facility project located at the Savannah River Site in South Carolina.