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Nicor Declares Dividend

The Board of Directors of Nicor Inc. (NYSE:GAS – News) declared a quarterly common stock dividend of 46.5 cents per share, payable May 1, 2011, to stockholders of record on March 31, 2011. This payment continues the annual rate of $1.86 per share and represents the 229th consecutive quarterly dividend payment by the company.
Nicor [...]

Michigan Generating Plant Acquisition Announced

A company managed by Tenaska Capital Management, LLC (Tenaska Capital) has entered into an agreement with MACH Gen, LLC to acquire New Covert Generating Company, LLC, the owner of the Covert Generating Plant located near South Haven, Michigan.
The Covert facility is a 1,100-megawatt, natural gas-fueled combined-cycle generating plant that sells power into the Midwest Independent [...]

Biofuels Power Agrees to Purchase Decommissioned H.O. Clarke Electric Generating Station in Central Houston

Biofuels Power Corporation announced that it has agreed to purchase the site, infrastructure and equipment of the decommissioned H.O. Clarke Electric Generating Station in central Houston. The purchase includes 79 acres of land at the intersection of Main St. and Hiram Clarke Road, together with all infrastructure, equipment, buildings and other improvements. The terms of [...]

Imperial Resources, Inc. Appoints Director

Imperial Resources, Inc. (the ‘Company’) today announced that it has appointed Mr. Thomas Barr as a director of the Company.
Mr. Barr brings to the Company additional public company oversight as the Company pursues its expansion plans. Mr. Barr is currently full time CEO of Flex Fuels Energy, Inc., an SEC regulated public company. He will [...]

CVR Energy Reviews Multiple Crude Oil Supply Proposals; J. Aron & Company Amends Existing Agreement

CVR Energy, Inc. announced that it is in discussions with multiple parties to select a new supplier for a replacement of its crude oil supply agreement with J. Aron & Company.
The company said that J. Aron and CVR Energy had agreed to extend to Dec. 1, 2008, the date by which either party may provide [...]

Kirby Corporation Announces 2010 Fourth Quarter and Year Results

Kirby Corporation today announced net earnings attributable to Kirby for the fourth quarter ended December 31, 2010 of $31.6 million, or $.59 per share, compared with $29.2 million, or $.54 per share, for the 2009 fourth quarter. The 2009 fourth quarter results included a $4.8 million before taxes, or $.05 per share, charge [...]

Progress Energy Carolinas, SunEdison Plan Solar Project at Plant Site

Progress Energy Carolinas and SunEdison have signed an agreement under which SunEdison will build, own and operate a 1.2-megawatt solar photovoltaic (PV) plant on the site of the Progress Energy L.V. Sutton Plant near Wilmington and sell the energy produced to the utility for distribution to customers.
SunEdison will build the solar PV array on about [...]

Gallon of gas jumps to $3.76: survey

The average price for a gallon of gasoline in the United States has moved closer to $4, jumping more than 19 cents since mid-March to a level less than 10 percent below its all-time high, a widely followed survey said on Sunday.
The Lundberg Survey said the national average price of self-serve, regular unleaded gas was [...]

Westar Energy, Horizon Wind Energy and The Empire District Electric Company Dedicate Meridian Way Wind Farm

Westar Energy, Horizon Wind Energy and The Empire District Electric Company will dedicate the Meridian Way Wind Farm with a ribbon cutting ceremony from 11:30 a.m. – 2:30 p.m., Tuesday, Oct. 7, at the Meridian Way Wind Farm site, 1409 Iron Road and Highway 81 in Cloud County.
Attendance at this event is by invitation. Media [...]

Hiroshi Development, LLC Closes Initial $300 Million to Fund Renewable Energy and Technology Projects

Hiroshi Development, LLC addresses an opportunity in the renewable energy market that neither traditional private equity nor venture capital investors currently address. Renewable energy financings require a strong understanding of project equity, senior and subordinated debt structures, regulatory compliance, fuel supply and power purchase agreements. Because of its unique structure and management team, HD has [...]