Reliant Energy, Merrill Lynch Agree to Extension

On September 29, Reliant Energy announced that it had entered into a letter agreement with Merrill Lynch to take steps to end the credit-enhanced retail structure with Merrill Lynch. The letter agreement also waived compliance with the minimum adjusted EBITDA covenant in the $300 million retail working capital facility with Merrill Lynch through October... 

Ocean Power Technologies Wins New $3 Million Contract from US Navy

Ocean Power Technologies, Inc. announce that it has been awarded a new $3 million contract for participation in the second phase of the US Navy’s Deep Water Active Detection Systems (“DWADS”) program, which is designed to utilize sophisticated data gathering and communications systems. This advanced technology program has prospective applications... 

Reliant Energy, Merrill Lynch Agree to Extension

On September 29, Reliant Energy announced that it had entered into a letter agreement with Merrill Lynch to take steps to end the credit-enhanced retail structure with Merrill Lynch. The letter agreement also waived compliance with the minimum adjusted EBITDA covenant in the $300 million retail working capital facility with Merrill Lynch through October... 

Foster Wheeler Awarded Contract for New Refinery in Libya

Foster Wheeler Ltd. announced that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineering and Construction Group, has been awarded a contract by Zwara Oil Refinery Company Limited (ZORCO) for consultancy and project management services for a planned new 200,000 barrels per stream day crude oil refinery at Mellita,... 

Foster Wheeler Awarded Coal-to-Liquids Feasibility Study in China

Foster Wheeler Ltd. announced that its subsidiaries, Foster Wheeler Energy Limited and Foster Wheeler International Engineering & Consulting (Shanghai) Co. Ltd., together with its consortium partner, Wuhuan Engineering Company, have been awarded contracts by Sasol Synfuels International (Proprietary) Limited (Sasol) and Shenhua Ningxia Coal Industry... 

Cheaper by the Dozen – PSE&G Offers 12 Tips to Save Money and Keep Warm

The heating season has started. This year, more than any in recent memory, customers are concerned about how economic uncertainties may affect their ability to manage their bills, including their utility bills. PSE&G wants its customers to know there are specific steps they can take to stay warm and control their heating bill. The following 12... 

Reliant Energy Completes Sale of Bighorn Generating Facility

Reliant Energy today completed the previously announced sale of its Bighorn Generating Station for approximately $500 million to Nevada Power Company (DBA NV Energy), a wholly owned subsidiary of Sierra Pacific Resources. Reliant Energy expects to record a pre-tax gain of approximately $45 million during the fourth quarter of 2008 on the sale of the... 

Rive Technology to Open Catalyst R&D Facility in Princeton, NJ

Rive Technology, a leading catalyst engineering company for the petroleum refining industry, announced today that it will commence operations of a 10,000 square foot research and development facility in Monmouth Junction, New Jersey this November. Rive Technology is the developer of proprietary zeolite catalyst technology that expands characteristically... 

BlackLight Power Inc. Announces Independent Replication of New Energy Source

BlackLight Power (BLP) Inc. announced the successful independent replication and validation of its 1,000 watt and 50,000 watt reactors based on its proprietary new clean energy technology. This follows BLP’s May announcement that it had successfully tested a new non-polluting energy source. BLP’s 50,000 watt reactor generated over one million... 

Ocean Power Technologies Launches PowerBuoy for US Navy

Ocean Power Technologies, Inc. announces that it has installed and commissioned one of its autonomous PowerBuoy® systems off the coast of New Jersey under contract from the US Navy in connection with a unique program for ocean data gathering. The Navy’s Deep Water Active Detection System (“DWADS”) program is designed to utilize sophisticated...