FirstEnergy-Allegheny Energy Merger Filing Clears U.S. Department of Justice Review

FirstEnergy Corp. and Allegheny Energy, Inc.today were notified that the U.S. Department of Justice (DOJ) completed its review of the companies’ proposed merger and has closed its investigation. “We are pleased to have completed the DOJ review process — another important step in our merger with Allegheny Energy,” said Anthony... 

Cape Wind Completes Permitting Process

Cape Wind completed its Federal permitting process today with the receipt of a final permit from the Environmental Protection Agency (EPA), continuing the project’s forward progress to creating jobs and increasing energy independence from the 468 megawatt offshore wind farm. EPA’s approval came 24 hours after the U.S. Army Corps of Engineers issued... 

Market slips on bank worries, lackluster jobs data

Stocks fell on Friday after a court ruling in a key foreclosure case prompted investors to pull out of bank stocks, adding to weakness after a lackluster jobs report. Even with the decline, however, the S&P 500 and Dow recorded their sixth straight week of advances. The market has proved resilient despite expectations that stocks were due for a... 

WindTamer Corporation Announces Estimated $1.5 Million State and Local Incentives Package to Support Expansion at Its Rochester, New York Facility

WindTamer Corporation announced today that it has been awarded a package of state and local incentives valued at approximately $1.5 million. The package is in support of WindTamer’s proposed expansion at its Rochester, New York facility. The project includes leasehold improvements, acquisition and installation of machinery and equipment, training... 

Incident at Pengrowth’s Swan Hills Gas Gathering Pipeline System

Pengrowth Energy Corporation Attention: Financial Editors On January 1, 2011, Pengrowth Energy Corporation staff and local authorities responded to a pipeline incident at the Swan Hills gas gathering pipeline system in North Central Alberta. Early Saturday morning, the rupture of a pipeline in the Swan Hills gas gathering pipeline system, north of the... 

STWA Set to Begin Preliminary Testing of AOT(TM) in January 2011

STWA, Inc. , an innovative technology company focused on improving the efficiency of large-scale energy transportation networks and reducing fuel consumption and emissions in diesel fleets, announced today that it is set to begin preliminary testing for AOT™ at the U.S. Department of Energy’s RMOTC (U.S. DOE) testing facility in Casper, Wyoming,... 

Senior Banking Executive Named to PPL Corporation Board

PPL Corporation announced Monday (12/20) that Steven G. Elliott, who has nearly four decades of auditing and banking experience, has been named to the company’s board of directors, effective Jan. 1, 2011. Elliott currently serves as senior vice chairman of BNY Mellon. During his extensive career with that company, he served as chief financial... 

Texas, home to Big Oil, takes shine to solar power

Texas has long been home to Big Oil companies that specialize in extracting petroleum from hard-to-reach places. Now the hip college town of Austin is vying to become the epicenter of a potentially giant market for carbon-free electricity generated by the hot Texas sun. The rest of Texas may follow, if the state legislature passes incentives that will... 

THINK Delivers Its First U.S.Built Electric Cars

THINK™, the world’s leading dedicated electric vehicle maker, has delivered its first U.S.-built cars to the State of Indiana for use in its government fleet. The 15 vehicles, which were shipped from THINK’s manufacturing facility in Elkhart, Ind., will be the first electric passenger vehicles with American-made, Lithium-ion batteries... 

Support of Algae Biofuels as Viable Source of Green Energy Gains Momentum

In the world of biofuels, 2010 is officially the year of the autotrophic organism as dozens of companies and academic laboratories race to transform algae into a source of viable green energy, according to Algae Biofuels Production Technologies Worldwide by leading industrial market research firm SBI Energy. The endgame of these research efforts —...