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 [...]
World Energy Solutions, Inc. announced that the City of Waco, Texas conducted its first ever electricity auction via the World Energy Exchange. The City awarded a 24 month contract for 116,800,000 kwh, or 58,400,000 kwh annually. The auction was a highly competitive event, culminating with a total of 63 bids.
“We’ve been wanting to try a [...]
Yingli Green Energy Holding Company Limited, one of the world’s leading vertically integrated photovoltaic product manufacturers, today announced that it has entered into a memorandum of understanding with TÜV Rheinland (Shanghai) Co., Ltd. to form a strategic partnership covering a range of quality control initiatives at the Company. Under the proposed strategic partnership, TÜV [...]
Ultrapetrol Limited announced today the closing of its offering of $80 million aggregate principal amount of convertible senior notes due 2017 (the “notes”), which consists of the previously announced $70 million aggregate principal amount of notes and the full exercise of the initial purchasers’ overallotment of $10 million. The notes will be offered and sold [...]
The Board of Royal Dutch Shell plc announced that Peter Voser will succeed Jeroen van der Veer as Chief Executive, effective 1 July 2009. Voser (50) is Chief Financial Officer and a Director of the Board since October 2004.
“I am delighted to announce Peter Voser as the next Chief Executive of Royal Dutch Shell,” said [...]
Landis+Gyr, the global leader in energy management offering utilities next generation “smart grid” solutions, today announced a four-year contract to supply a major portion of the planned deployment of more than 5 million advanced electric meters to California utility Pacific Gas and Electric Company (PG&E).
Under the agreement, the San Francisco-based utility plans to deploy next [...]
Verenium Corporation, a pioneer in the development of next-generation cellulosic ethanol and high-performance specialty enzymes, announced that it has regained compliance with the continued listing requirements of The NASDAQ Global Market. NASDAQ previously notified Verenium that it had fallen out of compliance with NASDAQ Marketplace Rule 4450(b)(1)(A), requiring listed companies on the NASDAQ Global Market [...]
Baseline Oil & Gas Corp. announced that it successfully reached accommodation with the vast majority of its note holders with respect to its failure to repurchase the Company’s outstanding 12.5% Senior Secured Notes due 2012 (the “Old Notes”) on October 6, 2008. As previously announced, the Company failed to pay the holders of the Old [...]
FLABEG, global leader in high-tech glass and mirror applications, is to establish production capacity for high-precision parabolic mirrors which are used to help generate electricity at large-scale solar power plants. The new 209,000-square-foot manufacturing facility will be build in the Clinton Commerce Park near Pittsburgh International Airport. Pennsylvania’s Gov. Ed Rendell delivered a US$9 million [...]
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 [...]