Rising Costs Threaten Utility Sector’s Large Dividends

To combat rising costs, companies in the Electric Utilities Sector have been looking to mergers and acquisitions to keep profits steady and maintain their healthy dividends. Stricter environmental regulations require that any new power plants built that are large enough to produce 75,000 tons of carbon dioxide a year must use the best available control... 

Constellation Energy to Sell Downstream Gas Business

Constellation Energy announced it has reached a definitive agreement to sell its Houston-based downstream natural gas unit to Macquarie Group. Terms were not disclosed. The pending divestiture is one of several strategic initiatives the company has undertaken in recent months to reduce risk in its merchant businesses and improve liquidity through the... 

NovusEdge, Inc. Signs on as Member of the NewEnergy Alliance(SM)

NovusEdge, Inc. announced today that it has officially joined the NewEnergy Alliance(SM), a group committed to driving innovation in the building automation industry that will create smarter, more Energy Responsive Buildings(SM). Together, Alliance participants are working to forge a new electricity load response model that will surpass the current... 

Duke Energy Ohio Reaches Agreement on Electric Security Plan

Duke Energy Ohio announced today that a settlement agreement has been reached with most intervening parties, the Staff of the Public Utilities Commission of Ohio (PUCO) and the Ohio Consumers’ Counsel on its electric security plan under Ohio’s new energy law. The agreement, which establishes generation rates for 2009 through 2011, must be... 

Fellon-McCord Initiates Power Supply Dispatching via Acquisition of DaCott Power & Transmission Solutions LLC

Energy consulting and management company Fellon-McCord & Associates announced the acquisition of the assets of DaCott Power & Transmission Solutions LLC (DP&T) from DaCott Energy Services Ltd. of Houston, TX. The acquisition gives Fellon-McCord a valuable new slate of power supply consulting services including a 24/7 power dispatch capability... 

PPL Applies for License to Build, Operate Potential New Nuclear Unit

A PPL Corporation subsidiary has filed an application with the U.S. Nuclear Regulatory Commission for a license to build and operate a new nuclear plant under consideration near Berwick, Pa. The Bell Bend nuclear plant would be built near the company’s existing two-unit Susquehanna nuclear power plant, a facility that has been generating safe... 

Constellation Energy Serves up Wind Power for the 2008 US Open

Constellation Energy announced that its subsidiary, Constellation NewEnergy (CNE), is helping to turn the court green at the 2008 US Open in Flushing, N.Y. CNE will supply an estimated 2,000 Green-e certified wind Renewable Energy Certificates (RECs) to the United States Tennis Association (USTA) to match the electricity consumption at the USTA Billie... 

Constellation Energy’s Projects & Services Group Announces Acquisition of Water & Energy Savings Corporation

Constellation Energy announced that its subsidiary, Constellation Energy’s Projects & Services Group (CEPS), has signed an agreement to acquire Water & Energy Savings Corporation (W&ESCO). W&ESCO will operate under the Constellation Energy brand from its base in St. Petersburg, Florida. W&ESCO provides a full range of...