NRG Energy, Inc. confirmed that it has received an unsolicited proposal from Exelon Corporation to acquire all of the outstanding shares of NRG Energy at a fixed exchange ratio of 0.485 Exelon shares for each NRG common share.
NRG’s Board of Directors will review Exelon’s proposal with their advisors and determine the appropriate response in due [...]
Gale Force Petroleum Inc. announced that it has agreed to extend until September 10, 2008 the Option to Purchase the Corporation’s Woodnorth property held by Kripa Energy Inc. The Option to Purchase was initially granted on August 5, 2008. Kripa Energy Inc. has paid a non-refundable Extension Fee of $200,000 cash to secure the extension [...]
VeruTEK Technologies Inc., a Cleantech company, announced today that it has won the Energy, Environment, Green Tech Company of the Year for 2008 presented by the Connecticut Technology Council (CTC) and the Connecticut Center for Advanced Technologies (CCAT).
Dr. John Collins, President and CEO of VeruTEK, said, “In much the same way pharmaceutical companies develop cures [...]
Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world’s top oil exporter to ramp up production at its greenfield sites.
The growth in crude production surprised many analysts, who had expected 1.1 percent on average, when polled just before [...]
Amiworld Inc., an international energy company engaged in the production and distribution of diversified fuel products and services with a focus on emerging global economies, today announced a strategic plan to increase both diesel and biodiesel production by at least 300% at the Company’s South American facility. The strategic plan further validates the Company’s aggressive [...]
PPL Electric Utilities will offer its residential and small-business customers an option that will let them adjust gradually to higher electricity prices in 2010 by stretching out the expected increase over several years.
The voluntary program will start in October. Customers will be able to enroll in this new payment option starting Aug. 27.
“Higher prices after [...]
Today, the Council on Competitiveness announced that The Honorable Alexander “Andy” Karsner has joined the Council on Competitiveness as a Distinguished Fellow. Karsner, who recently left his post as Assistant Secretary of Energy for Energy Efficiency & Renewable Energy, brings extensive public and private sector experience to the position. His energy expertise will be critical [...]
Standard Electric Supply Co. continues to grow in Wisconsin with the opening of their new facility in Sheboygan, WI at 3417 Weeden Creek Road.
Standard Electric has served customers in the Sheboygan market for many years, but recently completed construction on a 15,000 square foot building to better serve the market. The new facility includes a [...]
Commerce Energy Group, Inc., a leading U.S. electricity and natural gas marketing company, today announced that Jesup & Lamont’s San Francisco investment banking division acted as the advisor and placement agent in connection with the bridge financing announced August 21, 2008.
“Jesup & Lamont played a critical role in helping us secure our bridge financing,” said [...]
Vermilion Energy Inc. is pleased to announce a cash dividend of $0.19 per share payable on February 15, 2011 to all shareholders of record on January 31, 2011. The ex-dividend date for this payment is January 27, 2011. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Vermilion Energy Inc. [...]