More Power Industry Financial News

NRG buys ownership stake in power plant developer

08/01/2014

NRG Energy Inc. bought $35 million of stock in FuelCell Energy and extended a $40 million loan to help the power plant developer complete several projects.

07/30 Henry Hub Average Natural Gas Spot Prices

07/31/2014

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

Exelon to buy Integrys retail electricity company for $60mn

07/31/2014

Exelon Corp. (NYSE: EXC) and Integrys Energy Group (NYSE: TEG) have signed a definitive agreement for Exelon to purchase Integrys Energy Services for $60 million plus adjusted net working capital at the time of closing.

Taiwan to shutter fourth nuclear power plant

07/31/2014

The Taiwan government said it would defer construction of a fourth nuclear power plant if other stipulations were met.

Nonhydro renewables surpassed hydropower generation for 8 months

07/31/2014

Nonhydro renewable energy sources have consecutively surpassed hydropower generation in the U.S.

NY Gov. Cuomo: $250M available for renewable energy projects

07/30/2014

New York state is setting aside $250 million to invest in wind farms, hydropower and other renewable energy projects.

Nine Vermont towns receive funding for solar power projects

07/30/2014

As part of the Clean Energy Development Fund, nine towns in Vermont were awarded grants for several solar power projects.

Finavera receives final payment on wind energy projects sale from Pattern

07/30/2014

Finavera Wind Energy Inc. said the company has received a final $16.5 million of consideration from Pattern Renewable Holdings Canada ULC as the final amount payable for 184-MW of wind energy projects.

Miss. fines Severstal $135K on emission sensors

07/29/2014

The Mississippi Commission of Environmental Quality has fined Columbus steel mill Severstal $135,000 because the company's pollution control monitors didn't function properly after the plant expanded in June 2011.

Nuclear plant automation contract awarded for UK power plants

07/29/2014

Thales was awarded a 10-year, £30 million ($37.9 million) contract to support computerized control system services at all but two EDF Energy’s UK nuclear power plants.

EIA: Energy companies have less cash from operations, more debt

07/29/2014

Cash from operations for major energy companies has flattened, and the shortfall was lessened through increases in debt and from sales of assets.

Mitsubishi Hitachi Power Systems to merge with Babcock-Hitachi

07/29/2014

Mitsubishi Hitachi Power Systems Ltd. (MHPS) will merge with Babcock-Hitachi K.K. (BHK), a Japan-based company that handles boilers and air quality control systems (AQCS) effective Oct. 1.

NRC names Maureen Wylie as chief financial officer

07/28/2014

The U.S. Nuclear Regulatory Commission named Maureen Wylie as Chief Financial Officer (CFO) effective July 27.

Capital Power targets Shepard plant first fire in August

07/28/2014

Shepard Energy Centre is expected to begin first fire in early August and the facility is on track to begin commercial operations in early 2015, Capital Power Corp. (TSX:CPX) said July 25, in reporting its financial results for the second quarter.

IHS: A drop in U.S. fuel diversity will cost reliability, jobs and money

07/28/2014

A predicted lack of fuel diversity in the U.S. power generation industry will lead to fewer jobs, a lower gross domestic product (GDP) and less grid stability.

Seminole finances three California wind projects in past week

07/25/2014

Seminole Financial Services, a national lender in renewable energy, has successfully closed $7.35 million in financing for the construction and installation of three wind projects throughout California with developer Foundation Windpower (FWP).

Bankrupt Energy Future to auction stake in Oncor

07/25/2014

Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing Thursday with the U.S. Securities and Exchange Commission.

Candu reactors headed for nuclear power plant in Romania

07/25/2014

Candu Energy Inc. signed a binding and exclusive cooperation agreement with China Nuclear Power Engineering Co. Ltd. (CNPEC) to build two CANDU 6 nuclear reactors at the Cernavoda Nuclear Power Plant in Romania.

07/23 Henry Hub Average Natural Gas Spot Prices

07/24/2014

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

Southern Co. aims to build more nuclear reactors

07/24/2014

Southern Co. (NYSE: SO) said it hopes to announce plans for even more new nuclear reactors.