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... 

PAA Natural Gas Storage Announces Agreement to Acquire Southern Pines Storage Facility

PAA Natural Gas Storage today announced that it has entered into a definitive agreement to acquire SG Resources Mississippi, LLC, (“SG Resources”). The primary asset of SG Resources is the Southern Pines Energy Center natural gas storage facility (“Southern Pines”). Total consideration is approximately $750 million. Subject to regulatory approval,... 

Atlantic Power Announces Closing of Cadillac Renewable Energy Acquisition

Atlantic Power Corporation announced today that it has closed the previously announced acquisition of 100% of the membership interests in Cadillac Renewable Energy, LLC (“Cadillac”), a 39.6 MW wood fired facility located in Cadillac, Michigan. The purchase price was $77 million, plus customary working capital adjustments, and was funded by $34... 

PPL Completes Sale of Remaining Hydroelectric Assets in Maine to River Restoration Trust

PPL Corporation announced Friday that it has completed the sale of its remaining three hydroelectric generating facilities in Maine to the Penobscot River Restoration Trust for approximately $24 million. This sale culminates an agreement reached in 2004 by PPL and a coalition of environmental groups and governmental agencies to facilitate the removal... 

Harvest Operations Announces $1.4 Billion Capital Budget

Harvest Operations Corp. announced today that its Board of Directors has approved a budget for 2011 that includes an $1.4 billion capital expenditure program intended to boost upstream production and improve downstream operational efficiencies. John Zahary, Harvest’s President and Chief Executive Officer, said, “In 2011, our plan is to continue... 

Suntech and Standard Solar Reach 5 Megawatt Solar Panel Supply Agreement

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... 

Evolution Solar Selected as Partner to Pursue 5mw Solar Project

Evolution Solar Corp. was selected by Atlantic Energy Solutions Inc. of Saratoga Springs, New York, to serve as a partner to pursue the development of a 5 megawatt Solar Plant in southern Florida. The $400,000,000.00 plant will be funded by a private Florida developer and will be built, operated, and maintained by the partnership. “We are past... 

Atlantic Energy Solutions Partners With Evolution Solar on Solar Panels

Atlantic Energy Solutions, Inc. announce they are in negotiations to make Evolution Solar Corporation their provider of photovoltaic (PV) panels for several of Atlantic Energy’s current solar energy efficiency projects. After conducting extensive research with a number of global manufacturers of PV panels, Atlantic Energy has concluded that securing... 

Strategic Discussions Underway to Build a Solar Power Plant on Florida’s West Coast

Atlantic Energy Solutions, Inc. is announcing that they are engaged in strategic negotiations with a West Coast Florida land owner to build a solar power plant that would produce enough energy to service approximately 12,500 homes and provide an alternative energy source that can be sold to one or more Florida electric companies. These strategic discussions... 

Atlantic Energy Solutions’ Director of Project Development Receives Mitsubishi Diamond Designer Certification

Atlantic Energy Solutions’ Chief Project Development Engineer recently completed training towards the Mitsubishi Diamond Designer Certification through Mitsubishi Electric. The training revolved around the Mitsubishi City Multi® product that utilizes variable refrigerant flow zoning to achieve simultaneous heating and cooling using economical...