More Power Industry Financial News

DOE settles used nuclear fuel storage lawsuit for $23.5mn

08/29/2014

Energy Northwest (EN) won a $23.5 million settlement from the U.S. Department of Energy (DOE) for the construction and licensing of a used nuclear fuel storage area at the Columbia Generating Station in Washington.

NextEra withdraws, at least for now, from Energy Future case

08/29/2014

NextEra Energy (NYSE: NEE) told the bankruptcy court for Energy Future Holdings on Aug. 26 that it is withdrawing a July “strategic” reorganization plan that it had offered in cooperation with Energy Future Holdings.

08/27 Henry Hub Average Natural Gas Spot Prices

08/28/2014

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

First nuclear reactor in UAE more than halfway complete

08/28/2014

The first nuclear reactor being built in the United Arab Emirates (UAE) is now more than halfway finished.

Xcel Energy defends $665mn Monticello plant project

08/28/2014

Xcel Energy says customers should pay for the overrun costs of a $665 million project to rebuild a power plant in Monticello.

US fund in deal to build Myanmar solar plants

08/28/2014

A U.S investment fund has signed a $480 million deal to build two solar energy plants in central Myanmar, one of the largest investments by an American firm since the easing of U.S. sanctions.

Westinghouse contests S. Africa nuclear steam generator replacement contract

08/28/2014

Westinghouse Electric Co. filed an interdict to reopen a bidding process for a contract awarded to Areva for a steam generator replacement project at a nuclear power plant in South Africa.

Minnesota Power, National Guard to build 10 MW solar energy project

08/28/2014

Minnesota Power, a subsidiary of ALLETE Inc., (NYSE:ALE), and the Minnesota National Guard will join forces to build a 10-MW solar power project at Camp Ripley.

China hydropower provider enters nuclear power venture

08/27/2014

China Three Gorges Corp. (CTGC) signed an agreement with China National Nuclear Corp. (CNNC) to invest in nuclear power projects and to research and develop (R&D) new nuclear technologies.

TerraPass expands Renewable Energy Credits to individual customers

08/27/2014

TerraPass has announced that it is expanding its Renewable Energy Credits (RECs) portfolio to include individual customers.

Judge: TEPCO responsible for woman’s suicide after Fukushima nuclear accident

08/26/2014

A district court judge in Japan ruled that Tokyo Electric Power Co. (TEPCO) is responsible for a woman’s suicide following the 2011 Fukushima Daiichi nuclear accident.

Rolls-Royce Power Systems acquisition completed

08/26/2014

Rolls-Royce has completed the acquisition of Rolls-Royce Power Systems (RRPS).

Haiyang nuclear power plant expected online in 2016

08/26/2014

A nuclear power plant in China is expected to begin operations in 2016.

Consumers Energy nearing completion of $250M upgrade project

08/26/2014

Consumers Energy, Michigan's largest utility, is nearing completion on a $250 million technology upgrade project at its largest power plant, the D.E. Karn/J.C. Weadock Generating Complex.

Greenwood Energy, ILIOSS invest $500M for solar in Mexico

08/25/2014

Greenwood Energy and ILIOSS will invest $500 million to develop more than 250-MW of new solar photovoltaic (PV) projects in Mexico by 2017 based on the Mexican Energy Reform.

Supreme Court sides with Mississippi Power on emissions control regulations

08/25/2014

The Mississippi Supreme Court has ruled in favor of Mississippi Power in the Mississippi Department of Revenue v. Mississippi Power Co., No. 2013-CA-01234-SCT.

Finavera Wind Energy to purchase residential solar sales company for $6mn

08/25/2014

Finavera Wind Energy Inc. (TSX-V: FVR) signed an agreement to acquire the entire equity of Solar Alliance of America Inc. for $6 million.

Calpine to buy gas-fired power plant from Exelon for $530mn

08/25/2014

DOE getting strong response to big money fossil tech RFP

08/22/2014

An official with the federal loan guarantee program told CoalGen Aug. 20 that the Department of Energy (DOE) is getting a strong repsonse to a government effort to help commercialize breakthrough fossil fuel technology.

Duke Energy to sell 11 power plants to Dynegy for $2.8B

08/22/2014

Dynegy will buy Duke Energy's (NYSE: DUK) non-regulated Midwest Commercial Generation Business for $2.8 billion in cash, which includes ownership in 11 power plants and Duke Energy Retail Sales.