China Energy Corporation Continues Expansion Strategy

China Energy Corporation, a leading producer of coal, heat, and electricity in Inner Mongolia, China, is pleased to provide this corporate update regarding its operations. “Our persistent focus on expanding our production of coal, heat, and electricity has positioned the Company to take full advantage of the major economic transformation and urban... 

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... 

Exelon Details the Value Creation Opportunities in an Exelon-NRG Combination

Exelon Corporation today filed with the Securities and Exchange Commission and posted to its Web site a presentation for investors with additional details on the value that would be created by its offer to acquire all of the outstanding common stock of NRG Energy, Inc. in an all-stock transaction. “The combination creates clear and compelling value... 

Progress Energy Carolinas Again Seeking Renewable Energy Projects

Progress Energy Carolinas is again seeking proposals for potential renewable energy projects and alternative energy providers, as part of the company’s balanced strategy for meeting the growing energy needs of 1.4 million households and businesses in the Carolinas. The company issued an open-ended request for renewable proposals in November 2007,... 

Duke Energy Ohio Reaches Agreement on Electric Security Plan

Duke Energy Ohio announced today that a settlement agreement has been reached with most intervening parties, the Staff of the Public Utilities Commission of Ohio (PUCO) and the Ohio Consumers’ Counsel on its electric security plan under Ohio’s new energy law. The agreement, which establishes generation rates for 2009 through 2011, must be... 

GDF SUEZ Completes Acquisition of Econergy International, a Renewable Energy Company

GDF SUEZ Energy International completes the acquisition of Econergy International for roughly 39 million GBP (approximately EUR 50 million). Econergy, a US company listed in the UK, is focused on renewable energy projects in Latin America (mainly) and North America. In addition to developing sustainable energy projects, the company is also actively... 

China Celebrates 5 Year Anniversary of CANDU(R) Nuclear Power Plant

China’s Third Qinshan Nuclear Power Co. (TQNPC) hosted a celebration ceremony today to mark the 5th Anniversary of the completion of the Qinshan Phase III CANDU nuclear power plant project in Zhejiang Province. Hailed by China’s President Hu Jintao as a “model for Canada-China cooperation” and the largest infrastructure project... 

APS System Improvements Help Provide Arizona Customers with Outstanding Summer Service and Reliability

During a summer in which monsoon storms and high temperatures dominated local news, APS continued to provide reliable service to the Company’s more than 1.1 million customers throughout Arizona. “It’s our job to be prepared for any potential contingency, and to ensure the lights come on and air conditioning is available when our customers flip... 

RMT Named One of Nation’s Top Power Contractors

RMT, Inc. (RMT) has been ranked 21 out of the top 50 Power Contractors in the United States by Engineering News- Record. This is the second year in a row the company has been named to the list. “These rankings confirm RMT’s commitment to renewable energy through the development and construction of energy facilities across the United States,”... 

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...