More Power Industry Financial News

SunEdison secures financing for solar projects in Canada


Deutsche Bank Securities Inc. will provide construction financing for SunEdison's (NYSE:SUNE) two solar power plants to be built in Ontario, Canada.

Duke Energy President updates plans for coal ash sites


Duke Energy's North Carolina State President, Paul Newton, spoke before the N.C. Joint Environmental Review Commission (ERC) on the company's response to the Feb. 2 Dan River coal ash spill and its plans to address its coal ash sites across the state.

S.C. Supreme Court hears arguments for V.C. Summer nuclear plant cost increase


The S.C. Supreme Court will decide if South Carolina Electric & Gas (SCE&G) is responsible for a $278 million cost increase at the V.C. Summer nuclear plant or if the utility can recoup those costs from ratepayers.

PG&E pleads not guilty in fatal pipeline blast


Pacific Gas and Electric Co. has pleaded not guilty to federal safety violation charges stemming from a deadly 2010 natural gas pipeline explosion in the San Francisco Bay Area.

Panda nears Pennsylvania approval for Liberty project air permitting


The Pennsylvania Department of Environmental Protection said in a notice published in the April 19 Pennsylvania Bulletin that it intends to issue an air permit approval for the Panda Liberty LLC power plant project in Bradford County.

A Wasted Opportunity


Safely managing spent nuclear fuel and other radioactive wastes is an important issue wherever there are nuclear power plants or research facilities in operation.

UPDATE: Czech utility cancels $15bn tender for new nuclear reactors


CEZ AS canceled a $15 billion tender to build new nuclear reactors at its 1,015-MW Temelin nuclear power plant in the Czech Republic citing a drop in European power prices.

Mexico’s largest wind farm project secures financing


Fisterra Energy, a company majority owned by funds managed by Blackstone (NYSE:BX), and Blackstone Energy Partners, has reached financial closing for Ventika, Mexico’s largest onshore wind farm.

EIA: Lower prices affected natural gas reserves in 2012


Newly published estimates from the U.S. Energy Information Administration show that lower natural gas prices drove down U.S. proved reserves in 2012 despite notable gains in the Marcellus and Eagle Ford shale gas plays.

04/09 Henry Hub Average Natural Gas Spot Prices


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

Video: PG&E offers $250k reward for information on Metcalf substation attack


Pacific Gas and Electric Company (PG&E) if offering a $250,000 reward for information leading to the arrest and conviction of the individual(s) who fired gunshots that caused significant damage to its Metcalf Transmission Substation near San Jose in 2013.

Rosatom sends $1.39bn for Turkey nuclear power plant construction


Russia sent $1.39 billion for construction of Turkey’s planned 4.8-GW Akkuyu nuclear power plant.

James River Coal files for bankruptcy


James River Coal Co. says it has filed for Chapter 11 bankruptcy protection as part of its efforts to turn around its business.

Maine DEP: First Wind needs to show financial records


The Maine Department of Environmental Protection (DEP) is ordering First Wind to prove that it has enough money to build four wind power projects.

Alstom receives contracts to supply turbines to Chilean natural gas-fired plant


Alstom will be supplying two GT13E2 gas turbines and long term services for the 517-MW Kelar combined-cycle power plant located in Mejillones, Chile.

ERCOT endorses $590 million transmission project


The Electric Reliability Council of Texas Board of Directors voted Tuesday to endorse the $590 Houston Import Project, which will help support future electric reliability in the Houston region by increasing the capacity to deliver power to the area.

Ratepayer activist changes mind on proposed SONGS settlement


A ratepayer activist now says a proposed cost settlement related to the shutdown of the San Onofre Nuclear Generating Station is a “loser” for southern California electricity consumers.

Edison bosses sell $18 million in stock after rate deal


Two top executives at Edison International sold $17.7 million of their company's stock when it climbed to its highest price since 2007, after Edison reached a major settlement involving the defunct San Onofre nuclear power plant in Southern California, regulatory filings show.

The Laclede Group to acquire Alabama Gas Corp.


The Laclede Group Inc. (NYSE: LG) has entered into an agreement with Energen Corp. (NYSE:EGN) to acquire 100 percent equity of Alabama Gas Corp.

Mitsubishi’s first U.S. turbine production facility in North America poised for strong year


Although Mitsubishi’s Savannah Machinery Works delivered its first 300-ton commercial gas turbine only 18 months ago, work at the plant has been steady and unlikely to decrease any time soon, according to a report from the Savannah Morning News.