Alpha Natural Resources said on Saturday it agreed to a $7.1 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year. The deal — the latest in a wave of consolidation sweeping the industry — creates the second largest U.S. coal miner by market value, holding 110 mines and combined coal reserves of...
Alpha Natural Resources is close to a $7 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year, sources familiar with the matter said on Friday. One of the sources said Massey shareholders will receive slightly more than one Alpha share for each Massey share in addition to $10 per share in cash, for a value...
American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EST Friday, Jan. 28. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts. The webcast will include audio of the call as well as visuals of charts and graphics referred to by AEP management during the call. The...
Suntech Power Holdings Co., Ltd., the world’s leading manufacturer of photovoltaic (PV) modules, and Standard Solar, Inc. are looking forward to powering cleaner energy solutions throughout the Mid-Atlantic U.S. under a new agreement by which Suntech will supply up to 5 megawatts of photovoltaic solar panels to the Maryland-based solar developer...
The US Department of Energy has awarded GeneSiC Semiconductor two separate grants totaling $1.5M for the development of high-voltage silicon carbide (SiC) devices that will serve as key enablers for wind- and solar-power integration with the nation’s electricity grid. “These awards demonstrate the DOE’s confidence in GeneSiC’s...
G.I. Jobs magazine has named American Electric Power one of the nation’s 50 most “military-friendly” employers for the sixth consecutive year. AEP is among only seven companies that have appeared on the publication’s top-50 list each year since it was introduced in 2003. G.I. Jobs helps provide training and career opportunities...
EnergyConnect, an industry leader in innovative demand response technologies, executed a contract to become the provider of demand response services for Ronald Reagan Washington National Airport located in Arlington, Virginia. Reagan National Airport, managed and operated by the Metropolitan Washington Airports Authority, operates two terminals and...
Green Gas Americas Inc., a subsidiary of Green Gas International B.V., announces that its USA-based gas-to-energy project became operational on 6 October 2008. The Green Gas Pioneer Crossing Energy project has a 6.4-megawatt (MW) capacity power facility and the current operating permits allow an estimated 50 million kilowatt-hours of renewable energy...
NiSource Inc. unit Columbia Gas Transmission Corp. and MarkWest Energy Partners, LP announced their intention to jointly expand natural gas gathering and processing services to support increased production volumes in the Appalachian Basin of central West Virginia. Columbia Gas and MarkWest are in discussions with several natural gas producers regarding...
More than 2 million compact fluorescent light (CFL) bulbs have been sold in the first year of Dominion Virginia Power’s discount program with The Home Depot, and customer demand for the energy- and money-saving bulbs continues to shine. “We are extremely pleased with the program’s ongoing success and its positive impact on Virginia,”...