Energy companies FirstEnergy and Allegheny Energy to combine in $8.5bn deal
11th February 2010
NYSEL-listed energy company FirstEnergy and listed electricity utility Allegheny Energy have agreed a company merger in a stock-for-stock transaction.
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Posts Tagged ‘utility’
José Delgado retires as chair of American Transmission
5th January 2010
Electric transmission infrastructure company American Transmission has announced the retirement of founder and chairman José M Delgado.
US energy utility Kansas City Power & Light to add up to 300MW of additional wind energy
2nd December 2009
US energy utility Kansas City Power & Light Company (KCP&L) has issued requests for proposals to add up to 300MW of additional wind energy generation in the 2010 - 2011 timeframe.
California outlines plan for renewable energy transmission
17th August 2009
California’s Renewable Energy Transmission Initiative (RETI) has released conceptual transmission plan that evaluates the usefulness of potential transmission lines in accessing and delivering renewable energy. The plan is intended to help enable development and approval of renewable energy infrastructure in ways that minimise the economic cost, environmental impact, and number of new transmission facilities.
US energy utility Puget Sound Energy acquires rights to Lower Snake River Wind Energy Project
10th August 2009
US energy utility Puget Sound Energy has purchased full ownership rights to develop the Lower Snake River Wind Energy Project. The project, one of the largest wind energy efforts in the nation, was launched as a joint development partnership between PSE and RES Americas Inc. in December 2008 and is now solely owned by PSE.
US energy utility National Grid applies for stimulus funding for smart grid deployment
6th August 2009
US energy utility National Grid has applied to the US Department of Energy for $200m in stimulus funding to develop smart grid deployment in New York, Massachusetts and Rhode Island.
US energy holding company NV Energy seeks proposals for renewable energy resources
6th August 2009
US energy holding company NV Energy, through its two Nevada-based utility subsidiaries have issued a Request for Proposals (RFP) for renewable energy resources.
US energy utility Puget Sound Energy to focus on energy efficiency and wind under new energy strategy
30th July 2009
Heightened energy efficiency, the development of more renewable power and additional natural gas-fired power generation are the linchpins of US energy utility Puget Sound Energy’s newly updated strategy for meeting customers’ growing energy needs, the company said.
US renewable energy company CH Energy Group posts losses for Q2 2009
30th July 2009
US renewable energy company CH Energy Group, Inc. posted a loss of 9 cents per share during the second quarter of 2009, 20 cents per share lower than the same period last year when quarterly earnings were 11 cents. Earnings for the first half of 2009 totaled $1.37, 4 cents higher than the first six months of 2008.
Spanish electric utility company Endesa sees net income rise seven per cent in H1 2009
29th July 2009
In the first half of 2009, Spanish electric utility company Endesa reported a net income of €2.263bn, a 7.2 per cent increase on the first half of the previous year. The figures for the first half of 2009 include net income from the sale of assets to Acciona for €1.003bn.
PG&E signs contract for 48MW of solar power from Sempra Generation
28th July 2009
US energy utility Pacific Gas and Electric Company (PG&E) is to purchase 48MW of photovoltaic solar power produced at the Copper Mountain Solar facility, from El Dorado Energy, a subsidiary of Sempra Generation.
US electricity company Oncor completes applications for $317m in stimulus funds to support smart grid projects
22nd July 2009
US electricity company Oncor has filed three applications to the US Department of Energy for a total of $317m of Recovery and Reinvestment Act funding to support the company’s smart grid projects.
UK releases plans to be at forefront of low carbon economic revolution
15th July 2009
The UK has released its Low Carbon Transition Plan to plot out how it will meet the cut in emissions set out in the budget of 34 per cent on 1990 levels by 2020. A 21 per cent reduction has already been delivered - equivalent to cutting emissions entirely from four cities the size of London, according to the Department of Energy And Climate Change.
GE unveils Net Zero Energy Home concept and launches new smart grid projects
15th July 2009
GE has unveiled plans for its Net Zero Energy Home project, which combines GE’s most efficient appliances and lighting, the company’s new energy management systems, and GE power generating and storing technologies in new home construction. When applied together, the system would enable a homeowner to achieve net zero energy costs by 2015, the company said.
Southern California Edison launches solicitation for new power contracts
8th July 2009
US energy utility Southern California Edison (SCE) has issued a competitive Request for Offers (RFO) for new power contracts with independent generators and marketers.
New Jersey Board of Public Utilities approves energy efficiency programme proposed by South Jersey Gas
2nd July 2009
The New Jersey Board of Public Utilities has agreed to support the five part energy efficiency programme proposed by South Jersey Gas, a subsidiary of South Jersey Industries.
US energy utility Exelon reaffirming 2020 emissions reduction targets
1st July 2009
A year on from US electric utility Exelon’s strategy to eliminate the equivalent of its 2001 carbon footprint by 2020, the company continues to work toward its goal, including new efforts to help the customers and communities it serves to reduce their greenhouse gas emissions, the company said.
National Grid publishes report on how electricity supply and demand could be balanced in 2020
19th June 2009
The National Grid’s electricity supply system is set to become more complex in the coming decades with large amounts of variable wind generation and much larger nuclear power stations connecting to the networks. The company has published a report showing how these challenges can be met.
Florida Power & Light Company’s investments in fuel efficiency expected to yield billion dollar savings
18th June 2009
US energy utility Florida Power & Light Company’s investments in innovation have saved customers nearly $3bn in fuel costs since 2002, and continued investment is expected to yield customer savings totaling $1bn every year beginning in 2014, the company said.
US energy utility Southern California Edison signs contracts for more than 900MW of renewable power
17th June 2009
US energy utility Southern California Edison (SCE) has signed agreements with wind and solar suppliers for up to 960MW of clean, renewable power.
American Clean Energy and Security Act could create 650,000 US jobs by 2030
11th June 2009
The federal energy efficiency provisions included in the American Clean Energy and Security Act could save approximately $750 per household by 2020 and $3,900 per household by 2030, according the American Council for an Energy-Efficient Economy (ACEEE).
Duke Energy partners with Cisco to fast-track development of electric smart grid
11th June 2009
Listed US energy utility Duke Energy is to join forces with network communications company Cisco Systems, Inc., to fast-track development of Duke Energy’s electric smart grid.
US energy utility Tampa Electric looks to increase energy efficiency efforts by 70 per cent over the next ten years
8th June 2009
US energy utility Tampa Electric has filed with the Florida Public Service Commission (FPSC) the company’s proposed energy efficiency goal of 200 million kWh for the next ten years - an increase of 70 per cent over the company’s current goal. The company plans to enhance several of its current 27 customer programmes and explore new programme opportunities for all customer sectors: residential, commercial and industrial, according to a statement.
US electric utilities rise to meet solar call-to-action
29th May 2009
As financial markets deteriorated in October 2008, Solar Electric Power Association executive director Julia Hamm challenged the solar and utility industries to deploy solar power on a massive scale despite new economic barriers. SEPA, an organisation comprised of over 550 utilities and solar industry members, has also issued a report demonstrating how the industry has responded amidst a tough economic climate.
Engaging the UK consumer
20th May 2009
In this presentation from Juliet Davenport of renewable energy electricity supplier Good Energy group, she looks at the transmission and distribution issues of the UK renewable energy sector.
US technology giant Cisco to develop smart grid
20th May 2009
US technology giant Cisco has announced plans to develop end-to-end, network infrastructure solution that helps utility companies and their customers manage power supplies and energy consumption more efficiently.
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profiles
NewNet Investor Profile: James Hall-Smith, HSBC Specialist Fund Management
11th March 2010
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'--- 1 Comment
knowledge
Europe on track to beat 2020 renewable target
15th March 2010
The European Union said that it is on track to meet its commitment for 20 per cent of power production met by renewable resources by 2020. The EU is on course to surpass the target set out in the Renewable Energy Directive by 0.3 per cent, according to a recent forecast.--- 1 Comment
features
US biodiesel supplier Renewable Energy Group says industry has ground to halt without incentive
12th March 2010
Biodiesel supplier Renewable Energy Group (REG) told NewNet the biofuels industry in the US has almost entirely ground to a halt since the lapse of the government tax credits took effect at the beginning of the year.--- 2 Comments
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