Dominion Retail Completes Purchase of Texas REP Cirro Energy

Dominion Retail, an energy marketing subsidiary of Dominion, has closed on the purchase of Cirro Energy, a Texas retail electric provider (REP). Cirro Energy was founded in 2001 to provide superior customer service and substantial savings to business and residential customers throughout the deregulated areas of Texas. Cirro Energy supplies about 2.3... 

FirstEnergy Continues Restoration Efforts to Approximately One Million Customers Affected by Severe Wind Storm

Unexpected high winds that moved through northern Ohio and western Pennsylvania on Sunday afternoon, September 14, interrupted electric service to approximately one million customers of FirstEnergy Corp.’s Ohio Edison and Cleveland Electric Illuminating Company subsidiaries in Ohio, and Penn Power and Penelec subsidiaries in western Pennsylvania.... 

Exelon CEO to Urge Congress to Develop a Marshall Plan for Energy

In testimony before the U.S. Senate Energy Committee on Sept. 12, Exelon Chairman, President and CEO John Rowe will call on Congress to develop a 21st century Marshall Plan for energy, as part of a three-part plan to address the nation’s energy challenges. “I believe nothing less than a comprehensive national effort for energy will put us on the... 

Energy West, Incorporated Announces Agreement to Acquire Three Natural Gas Distribution Companies

Energy West, Incorporated announced that it has entered into a definitive agreement to acquire Orwell Natural Gas Company, Northeast Ohio Natural Gas Corp. (NEO) and Brainard Natural Gas Corp., three natural gas distribution companies headquartered in Mentor, Ohio, that serve customers in Northeast Ohio and Western Pennsylvania. The acquisitions will... 

Liberty Power Announces New Electricity Contract with City of Waco

Liberty Power, one of the fastest-growing, independent retail electric providers in the United States, today announced that it has signed a 24-month contract with the City of Waco to supply an estimated 58,000 megawatt-hours of power to the Texas city annually. Beginning in October, Liberty Power will supply electricity to power the city’s traffic... 

Allegheny Energy Files Proposal on Pennsylvania Transmission Project

Allegheny Energy, Inc. announced today that its Trans-Allegheny Interstate Line Company (TrAILCo) subsidiary filed a motion with the Pennsylvania Public Utility Commission to defer any decision on a portion of its proposed transmission line project, the Trans-Allegheny Interstate Line. The request will allow the company to pursue a more collaborative... 

Sheetz Chooses Triple Point Oil Trading and Risk Management Software

Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Sheetz, Inc., one of the largest gas and convenience store operators in the US with $3.8 billion dollars in annual revenue, has selected Commodity XL for Oil™ to manage wholesale gasoline procurement,... 

PECO Partners With ENERGY STAR (R) To Provide Customers With More Energy Saving Tools

PECO has formed a partnership with ENERGY STAR to provide its customers with more money saving resources through the company’s website at www.peco.com/save. A new web-based, interactive home is now available to take visitors on a tour from attic to garage that is full of energy saving tips and green information. PECO said it’s working to help its... 

Westinghouse Signs Three Groundbreaking UK Nuclear Build Supply Chain Agreements

Westinghouse Electric Company has today signed pioneering agreements with BAE Systems, Rolls-Royce and Doosan Babcock to collaborate on work associated with bringing the AP1000 nuclear power plant to the UK. The agreements are part of the Westinghouse strategy to “buy where we build” and are key milestones in the process which may lead to... 

Exelon Announces $1.5 Billion Share Buyback; Revises Full Year 2008 Earnings Guidance

Exelon Corporation announced that its board of directors has approved a share repurchase program for up to $1.5 billion of its outstanding common stock. Exelon expects to complete the share repurchase program within the next six months. “We have an increasingly strong cash flow profile and balance sheet, which allow us to pursue new growth opportunities...