Reliant Energy Closes on Previously Announced Sale of Northeastern Marketing Assets to Hess Corporation

Reliant Energy has completed the previously announced sale of the Northeastern electricity marketing assets of its retail subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation. Reliant Energy, Inc. based in Houston, provides electricity and energy services to retail and wholesale customers in the United... 

Reliant Energy to Sell Northeastern Electricity Marketing Assets to Hess Corporation

Reliant Energy announced today it has reached an agreement to sell the Northeastern electricity marketing assets of its retail subsidiaries, Reliant Energy Solutions East and Reliant Energy Solutions Northeast, to Hess Corporation. These subsidiaries provide electricity and related services to more than 300 commercial and industrial customers in Delaware,... 

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... 

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... 

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... 

NV Energy Purchase of Bighorn Generating Facility Completed

NV Energy announced the completion of the acquisition of the 598-megawatt Bighorn Generating Facility from a subsidiary of Reliant Energy, Inc. The purchase by Nevada Power Company, d/b/a NV Energy, amounted to approximately $510 million, including inventory and other closing costs and adjustments. NV Energy, a wholly owned subsidiary of Sierra Pacific... 

Reliant Enters Into Definitive Agreement Related to Previously Announced Commitment With First Reserve

Reliant Energy announced that it has entered into a definitive agreement with an affiliate of First Reserve Corporation related to Reliant’s previously announced commitment for the issuance of $350 million of Reliant convertible preferred stock to First Reserve. The company noted that the definitive agreement is based on the terms outlined in the... 

Nexterra Receives Order from Johnson Controls for a Multi-million Dollar Biomass Gasification System at the U.S. Department of Energy’s Oak Ridge National Laboratory

Nexterra Energy Corp. announced that it has received an order from Johnson Controls Inc. for a multi-million dollar biomass gasification system at the U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL) located in Oak Ridge, Tennessee. The Nexterra biomass gasification system is the cornerstone of an $89 million contract for Johnson... 

Seventeen Energy Companies Purchase Licenses under the Katz Portfolio of Patents Which Cover Customer Service Operations

It was announced that seventeen of the nation’s energy and utility companies have purchased licenses under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through A2D, L.P. These separate licenses cover services offered by each of the companies in the “Energy and Utility Services” field of use. These services,... 

Electro Energy Receives $100,000 Order for U.S. Produced 18650 Lithium-Ion Batteries

Electro Energy Inc., a leading provider of advanced battery technologies and associated systems, announced today that Lyntronics, Inc., a New York based battery packager, has placed multiple orders for both Electro Energy’s 2.2 ampere hour USA18650AXC and 2.4 ampere hour USA18650BXC type rechargeable Lithium-Ion cells valued at over $100,000....