Exelon Corporation Offers to Acquire NRG Energy, Inc. in $6.2 Billion Transaction

Exelon Corporation announced its proposal to acquire Princeton, N.J.-based NRG Energy, Inc.. Exelon has offered to acquire all of the outstanding NRG common stock in an all-stock transaction with a fixed exchange ratio with a value of $26.43 for each NRG common share, representing a total equity value of approximately $6.2 billion for NRG based on Exelon’s... 

Primary Energy Recycling Corporation Announces October Distribution

Primary Energy Recycling Corporation announced today that a cash distribution of Cdn$ 0.06667 per enhanced income security (“EIS”) of the Company will be paid on November 28, 2008 to holders of record on October 31, 2008. Each EIS consists of one common share (a “Common Share”) and a subordinated note with par value of Cdn$... 

Ocean Power Technologies Launches PowerBuoy for US Navy

Ocean Power Technologies, Inc. announces that it has installed and commissioned one of its autonomous PowerBuoy® systems off the coast of New Jersey under contract from the US Navy in connection with a unique program for ocean data gathering. The Navy’s Deep Water Active Detection System (“DWADS”) program is designed to utilize sophisticated... 

Entergy Provides Preliminary Third Quarter Earnings Guidance Reflecting Effects of Hurricanes Gustav and Ike

Entergy Corporation indicated that it expects third quarter 2008 as-reported earnings of approximately $2.40 per share and operational earnings of $2.49 per share compared to as-reported and operational results of $2.30 per share in third quarter 2007. As-reported results are prepared in accordance with generally accepted accounting principles and are... 

Constellation Energy and Alabama Officials Celebrate Construction Renewal at Hillabee Power Plant

Constellation Energy recently joined with key representatives from Alexander City, Tallapoosa County, and the state of Alabama in a ceremony recognizing the restart of construction at the 774-megawatt Hillabee Power Plant in Alexander City. Constellation Energy purchased the partially completed natural gas plant from Calpine Corporation in February... 

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... 

Dominion Cove Point Earns LEED Certification for Energy-Efficient Building

Dominion dedicated a new administration building at its Cove Point liquefied natural gas facility that has earned “silver” certification from the Leadership in Energy and Environmental Design (LEED) program for meeting stringent standards for its energy usage and environmental impact. The levels of certification are certified, silver, gold... 

Vattenfall Acquires AMEC Wind Energy ltd

Vattenfall AB, the fifth largest electricity generator in Europe, today announced the acquisition of 100% of AMEC Wind Energy Limited (‘AMEC Wind’), a major UK developer of commercial wind farms for cash consideration of around 126.6 million GBP (equalling about 1.6 billion SEK or 160 million EUR). This move positions Vattenfall to further expand... 

American Electric Power Selects Ventyx Enterprise Asset Management Solution

Ventyx®, the world’s largest private software provider to the energy and utility industry, today announced that American Electric Power, the largest electricity generator in the United States, has committed to upgrade their enterprisewide work management and supply chain systems to the latest version of Asset Suite from Ventyx. AEP is one of... 

Laidlaw Reaches Agreement with Public Service Company of New Hampshire for Power Purchase Agreement for New Hampshire Biomass Project

Laidlaw Energy Group, Inc., through its affiliate, Laidlaw Berlin BioPower, LLC, announced that it has reached agreement with Public Service Company of New Hampshire (“PSNH”) on the material terms of a contemplated 20-year power purchase agreement for Laidlaw’s Berlin, New Hampshire Biomass Energy Project. The agreement between the parties contemplates...