Progress Energy CEO Johnson Urges Flexibility and Customer Protection in Implementing EPA Rules

The U.S. electric utility industry faces an “unprecedented convergence of new federal environmental rules – unprecedented in scope of change and compression of deadlines,” Progress Energy Chairman, President and CEO Bill Johnson told utility regulators Monday in Washington. And the “current fragmented approach, coupled with rapid-compliance... 

Kirby Corporation Announces 2010 Fourth Quarter and Year Results

Kirby Corporation today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2010 of $31.6 million, or $.59 per share, compared with $29.2 million, or $.54 per share, for the 2009 fourth quarter. The 2009 fourth quarter results included a $4.8 million before taxes, or $.05 per share, charge for shore staff reductions,... 

TransCanada: Bison Pipeline Begins Service Moving Natural Gas out of the Rockies

TransCanada Corporation today announced its Bison Pipeline became operational on Friday, January 14. The 303-mile (487-kilometre), 30-inch-diameter interstate pipeline has an initial capacity of 407 million cubic feet a day, all of which is currently under long-term contract. With additional compression, the pipeline is expandable to 1 billion cubic... 

Business and Environmental Groups Unite in Support of Climate Legislation

Exelon Chairman and CEO John W. Rowe and Natural Resources Defense Council President Frances G. Beinecke today urged Midwest business leaders to support comprehensive climate legislation. In a panel discussion at the Economic Club of Chicago, Rowe and Beinecke said economy-wide cap-and-trade legislation to reduce greenhouse gas emissions is essential... 

Titan Energy Becomes MTU Onsite Energy Power Partner in Florida

Titan Energy Worldwide, Inc. a leader in the manufacturing, marketing and servicing of energy generation products and services, announced today that its subsidiary, Grove Power, Inc., has signed on to become a Power Partner distributor for MTU Onsite Energy, a member of the Tognum Group. “We are proud to be an official member of the MTU Onsite... 

Horizon Wind Energy Announces Commercial Operation of Three Wind Farms

Horizon Wind Energy, owned by EDP Renovaveis, the fourth largest wind energy producer in the world, fully commissioned over 500 megawatts (MW) in December of 2008. The 201 MW Meridian Way Wind Farm, located in north central Kansas in Cloud County, the 102.9 megawatt (MW) Rattlesnake Road Wind Farm located near the city of Arlington in Gilliam County,... 

Regional Climate Policy Could Damage Minnesota’s Economy

An economic study released today shows a regional cap-and-trade policy would severely handicap Minnesota’s economy, causing sharp increases in energy prices and reducing net employment in Minnesota by 21,000 jobs by 2015. The report, titled “Economic Analysis of the Impact of a Midwest Regional Climate Policy on Minnesota,” was written... 

Midwest Wind Energy’s Projects Surpass $1 Billion Mark

Chicago-based Midwest Wind Energy, LLC, a leading developer of wind farms in the Central United States, announced today that it has completed development of its sixth wind power project, surpassing the $1 billion threshold in developed project assets. The six projects, which total 568 megawatts in nameplate capacity, are located in Illinois, Wisconsin,... 

ACES Power Marketing Supports New 150-MW Iowa Wind Project

ACES Power Marketing, a nationally recognized wholesale energy risk management and transaction execution services company — today announced that its origination efforts have paid off with the successful commencement of commercial operation of the 150-MW Story County wind project. The project is owned and operated by a subsidiary of FPL Energy,... 

Duke Energy Signs Used Fuel Contract for Proposed Lee Nuclear Station

Duke Energy has signed a contract with the U.S. Department of Energy (DOE) for the disposal of used nuclear fuel generated at its proposed William States Lee III Nuclear Station. The contract provides for the DOE’s acceptance and permanent disposal of all fuel from the station. For this service, the company will pay a $1 per megawatt-hour fee...