MidAmerican Energy Holdings Company Reaches Tentative Agreement to Acquire Constellation Energy

MidAmerican Energy Holdings Company and Constellation Energy announced the companies have reached a tentative agreement in which MidAmerican will purchase all of the outstanding shares of Constellation Energy for a cash consideration of approximately $4.7 billion, or $26.50 per share. The companies expect to enter into a definitive merger agreement... 

ICIS Chemical Business Unveils Top 100 Chemical Companies

ICIS Chemical Business magazine has unveiled the ICIS Top 100 Chemical Companies, featuring the world’s top chemical players ranked by annual sales. According to the ICIS Top 100 listing of chemical company financial performance, published in the September 15 issue of ICIS Chemical Business, sector sales rose by 11% in 2007 in local currency terms... 

Terasen Gas receives BCUC approval to lower natural gas commodity rates

Terasen Gas has received approval from the B.C. Utilities Commission (BCUC) to lower natural gas commodity rates for the majority of customers in B.C. The rate decreases will take effect October 1, 2008. “In response to changing market prices since our rate filings with the BCUC last week, we have updated our applications, requesting lower commodity... 

Sheetz Chooses Triple Point Oil Trading and Risk Management Software

Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Sheetz, Inc., one of the largest gas and convenience store operators in the US with $3.8 billion dollars in annual revenue, has selected Commodity XL for Oil™ to manage wholesale gasoline procurement,... 

Earth Tech Joins ThermoEnergy to Construct Ammonia Recovery Facility for New York City

ThermoEnergy Corporation announced the signing of a formal agreement with Earth Tech, Inc., part of AECOM one of the worlds largest environmental and infrastructure engineering companies, to act as Construction Manager as well as perform the civil engineering work for the Company’s multi-million dollar Ammonia Recovery Process (“ARP”)... 

TransAlta named to North American Dow Jones Sustainability Index for Third Consecutive Year

TransAlta Corporation announced it has been named to the North American Dow Jones Sustainability Index (DJSI) for a third consecutive year. TransAlta is one of 22 Canadian companies on the index, and one of only two Canadian companies in the utility sector represented. This year, 125 companies were recognized on the North American DJSI. Inclusion in... 

Terasen Gas applies to lower natural gas rates

Terasen Gas has now filed applications to the British Columbia Utilities Commission (BCUC) to reduce its natural gas commodity rates for customers in most regions of B.C. If the applications are approved, commodity rate decreases will take effect October 1, 2008. “We are pleased market conditions have changed allowing us to apply for lower customer... 

Israel’s Largest Telecommunication Service Provider Reaps Benefits of Smartcool’s Energy Reduction Technology

Smartcool Systems Inc., report that the Company’s subsidiary, Smartcool Systems E.M.E.A. Ltd. has received a purchase order from their sub-distributor, Smartcool Systems (Israel) Ltd., regarding Bezeq The Israel Telecommunication Corp. Limited and the installation of the Energy Savings Module (ESM(TM)) in its facility in Tel Aviv. The order was... 

Software AG and Watt Germany GmbH Revolutionizing the Utility’s Business Processes

Software AG, a global leader in business infrastructure software, announced that Watt Germany GmbH has chosen the webMethods product suite from Software AG to support a revolutionary approach to managing Watt’s business processes. Watt has embarked on a program of redefining its total operations from a business process perspective. Having reduced... 

PECO to Lower Gas Rate by 5%, Effective Sept. 1

PECO will lower its natural gas rate, effective Sept. 1, due to a projected decrease in gas supply costs in the wholesale market. The bills for the typical residential customer will drop by 5.1 percent, or about $7 a month. PECO can adjust the “purchased gas cost” portion of its gas rate each quarter, if necessary, to reflect changes in the commodity...