More Power Industry Financial News

Forrest Kerr hydro project reaches commercial operation

10/24/2014

Canada's AltaGas Ltd. announced its 195-MW Forrest Kerr hydropower project in British Columbia completed a 72-hour testing period required to achieve commercial operation under its power purchase agreement with BC Hydro.

DOE announces $53M investment to cut cost of solar power

10/24/2014

Department of Energy (DOE) Secretary Ernest Moniz announced that the department will invest more than $53 million for 40 research and development (R&D) projects that aim to drive down the cost of solar energy, tackling key aspects of technology development in order to bring innovative ideas to the market more quickly.

AECOM releases URS’ final merger consideration election results

10/24/2014

AECOM Technology Corp. (AECOM, NYSE ACM) announced the final results of elections made by former stockholders of URS Corp. (NYSE: URS) regarding the form of consideration to be received in connection with the proposed merger.

Carbon capture, conversion pilot project opening in Texas

10/24/2014

The Department of Energy (DOE) and Skyonic Corp. marked the opening of a project demonstration for converting carbon dioxide into commercial products.

Wind energy farm in Quebec receives government decree

10/24/2014

Innergex Renewable Energy has received a government decree from the Quebec government for a $324 million 150-MW wind energy project.

10/22 Henry Hub Average Natural Gas Spot Prices

10/23/2014

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

SunEdison secures financing for 26 MW utility solar power plant

10/23/2014

SunEdison (NYSE: SUNE) has successfully secured financing, underwritten by Deutsche Bank Securities Inc., to construct the 26-MW Vega solar power plant located in Merced County, California.

Worker strike cuts nuclear power capacity in France by 7 GW

10/23/2014

EDF says its French nuclear supply was cut by 7 GW Thursday when workers at several nuclear plants went on strike.

Michigan electric co-op planning natural gas-fired power plant

10/23/2014

Wolverine Power Cooperative announced plans to develop the Alpine natural gas-fueled power plant in Michigan.

Three LDK solar companies seek quick Chapter 11 reorganization

10/22/2014

LDK Solar Systems Inc., LDK Solar USA Inc. and LDK Solar Tech USA Inc. on Oct. 21 filed a prepackaged Chapter 11 reorganization plan, featuring the usual debt-for-equity swap in cases like this, with the U.S. Bankruptcy Court for the District of Delaware.

Pitt granted $987,000 to study nuclear reactor safety, operational efficiency

10/22/2014

The U.S. Department of Energy’s Nuclear Energy University Programs (NEUP) awarded a $987,000 grant to the University of Pittsburgh to develop sensor networks that improve safety and operational efficiency in nuclear reactors and fuel cycle systems.

GRDA to pay $296M to construct combined-cycle plant in Oklahoma

10/21/2014

Northeast Oklahoma's Grand River Dam Authority (GRDA) directors reached an agreement, on Monday, to pay a $296.9 million engineering, procurement and construction (EPC) contract for a 495-MW combined-cycle power plant near Chouteau, Oklahoma.

Powering Innovation & Efficiency

10/21/2014

More than 21,000 power professionals are expected to attend POWER-GEN International 2014 in Orlando, Florida, December 9-11. With more than 1,400 showcasing companies and 300 speakers, POWER-GEN is the world's largest conference and exhibition for the power sector. Get a preview of what to expect at the event.

Countering Cyber Threats: Internal Resources Might Not be Enough

10/21/2014

Those of us in the power industry are well aware of serious threats our industry faces from hackers and disgruntled (or just careless) employees.

TECO Energy to sell coal mining business for $170mn

10/21/2014

TECO Energy (NYSE: TE) signed an agreement to sell its coal mining unit, TECO Coal and its subsidiaries, to Cambrian Coal Corp. for $170 million.

Duke Energy to purchase solar power from three North Carolina projects

10/20/2014

Duke Energy Progress (NYSE: DUK) has entered into a long-term power purchase agreement for three solar photovoltaic (PV) projects, totaling 21-MW, from Ecoplexus Inc.

Dominion could spend $6bn on CO2 compliance in Virginia

10/20/2014

Staff at the Virginia agency charged with regulating electric utilities has found plenty to dislike in a federal plan to slash greenhouse gas emissions by 2030.

Colorado Springs eyes heavy 2015 spending on coal emissions controls

10/20/2014

Colorado Springs Utilities has proposed a 2015 budget that includes heavy spending for new air emissions controls for its coal-fired Nixon and Drake power plants.

A Look Back: The 2013 Projects of the Year Award Winners

10/20/2014

Quebec wind energy farm receives government decree

10/17/2014

Innergex Renewable Energy (TSX: INE) received a government decree from the Quebec government for a C$365 million ($324 million) 150-MW wind energy project in the province.