PG&E Employees Receive Annual Environmental Leadership Award for Protecting Natural Resources, Raising Awareness About Compact Fluorescent Lamps

Pacific Gas and Electric Company (PG&E) announced the winners of its seventh annual Richard A. Clarke Environmental Leadership Award. The award acknowledges the top individual and team efforts for demonstrating PG&E’s ongoing environmental leadership, focusing on areas such as environmental protection, energy efficiency and renewable... 

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... 

Valerus Compression Services Opens Office in Argentina

Valerus Compression Services, a worldwide leader in natural gas handling services specializing in natural gas processing, treating and compression, has opened an office in Buenos Aires, Argentina, to better serve the growing natural gas market in South America. The new office will support Valerus’ growing customer base in the Latin America region... 

Spectra Energy’s Pine River Phase III Project Comes Into Service

Spectra Energy has successfully completed expansion of its natural gas gathering system in the Grizzly Valley area of northeastern British Columbia (BC). The project represents the third phase of expansion connected to the Pine River Processing Plant, near Chetwynd, BC, and includes 17 kilometers of new pipeline (parallel to existing lines), an additional... 

MidAmerican and Constellation Energy Receive Early Termination of Hart-Scott-Rodino Act Waiting Period

MidAmerican Energy Holdings Company and Constellation Energy announced early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, related to MidAmerican’s proposed merger with Constellation Energy. “The clearance of the Hart-Scott-Rodino Act is another step forward in achieving the necessary... 

Vattenfall AB acquires Eclipse Energy UK PLC

Vattenfall is Europe’s fifth largest generator of electricity and the largest producer of heat, and works in all parts of the electricity value chain. In the UK, Vattenfall owns and operates the Kentish Flats offshore wind farm, which has a capacity of 90 MW. It is also the world’s second largest offshore wind power operator, with a 60 per cent... 

Constellation Energy Provides Update on Liquidity and Strategic Initiatives

Constellation Energy provided an update on its previously announced plans to increase available liquidity and reduce risk in its commodities businesses. Constellation Energy announced that the closing of the previously announced credit facility has been extended to no later than Nov. 26 and currently expects to receive total commitments from the banks... 

NorthWestern Energy Responds to Montana Public Service Commission Proceedings Regarding Colstrip Unit 4

NorthWestern issued a statement in reaction to initial votes to draft orders regarding dockets related to Colstrip Unit 4. “We disagree and we’re disappointed with the decision related to the bankruptcy tipulation, but we will reserve further comment on the matter until we see the language in the final order,”... 

Consumers Energy: Customers Should Expect a 7 Percent Increase in Winter Heating Bills, Down Sharply from Earlier Projections

Consumers Energy customers should expect to see their natural gas bills go up about 7 percent this winter, down sharply from the double-digit increases projected earlier this year. Consumers Energy estimated today that the typical residential customer will see an average bill of about $160 a month this winter compared to about $150 a month last winter.... 

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...