Key Energy Services to Present at the 2008 Bank of America Energy Conference

Key Energy Services, Inc. announced today that Bill Austin, Key’s Senior Vice President and Chief Financial Officer, will present at the 2008 Bank of America Energy Conference, Friday, November 14, 2008 in Key Biscayne, Florida. The presentation begins at 10:45 am EST and will be available via a live webcast. To access the webcast go to http://www.keyenergy.com and select “Investor Relations”. Key Energy Services, Inc. is the world’s... Read more..

Pritchard Capital Partners Hires Senior Professionals to Expand Sales and Trading Group

Pritchard Capital Partners, an energy investment bank and institutional financial services firm, announced today additional expansions to its institutional sales and trading teams with the addition of Owen Jones and John Joyce. Mr. Jones joins as a senior vice president sales trader based in the Washington, D.C., office and Mr. Joyce joins as a senior vice president in the firm’s institutional sales team in the New York office. Mr. Jones has... Read more..

SunPower and Ecoware Sign 130 Megawatt, Four-Year Customer Agreement

SunPower Corporation, a Silicon Valley-based manufacturer of high-efficiency solar cells, solar panels and solar systems, today announced it has signed a customer contract with Italian solar plant integrator Ecoware, S.p.A. Under the terms of the agreement, SunPower will provide Ecoware with at least 130 megawatts of its high-efficiency solar panels over the next four years. Ecoware will begin receiving SunPower’s solar panels under the agreement... Read more..

VeraSun Energy Corporation Receives Commitments for Up to $215 Million in Debtor-In-Possession Financing

VeraSun Energy Corporation, one of the nation’s largest ethanol producers, announced today that it had received commitments for up to $215 million in debtor in possession (DIP) financing from certain holders of VeraSun’s 9 7/8% senior secured notes due 2012 and groups of lenders led by AgStar Financial Services. At today’s “first day” hearing, the U.S. Bankruptcy Court entered an interim order allowing VeraSun and its... Read more..

ReneSola Secures Additional Credit Lines from Two of China’s Largest Banks

ReneSola Ltd, a leading Chinese manufacturer of solar wafers, announced that its principal operating subsidiary Zhejiang Yuhui Solar Energy Source Co. Ltd. has secured additional banking facilities with two of China’s largest banks: Industrial and Commercial Bank of China and Agricultural Bank of China. The Banks have agreed to provide Zhejiang Yuhui with additional credit lines of an aggregate of RMB1.06 billion. Under the new and existing... Read more..

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 of approximately $1.0 billion to $1.25 billion. The company also announced that it is exploring other... Read more..

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,” said Claudia Rapkoch, Director – Corporate Communication. “While there... Read more..

VeraSun Energy Corporation Launches Chapter 11 Case to Enhance Liquidity While It Reorganizes

VeraSun Energy Corporation, one of the nation’s largest ethanol producers announced today the Company and 24 of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to enhance liquidity while they reorganize. The filing was precipitated by a series of events that led to a contraction in VeraSun’s liquidity, impairing its... Read more..

SYLVANIA Lighting Services Completes Amtech Lighting Acquisition

SYLVANIA Lighting Services (SLS), a subsidiary of lighting manufacturer OSRAM SYLVANIA, has completed its previously announced acquisition of Amtech Lighting Services from ABM Industries, Inc. The transaction closed today. “SYLVANIA Lighting Services is now the largest lighting service organization in the country,” said Graham Wark, OSRAM SYLVANIA vice president of SYLVANIA Lighting Services. “Our national network of service professionals... Read more..

IntercontinentalExchange, The Clearing Corporation and Nine Major Dealers Announce New Developments in Global CDS Clearing Solution

IntercontinentalExchange, Inc., a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, and The Clearing Corporation (TCC), today announced new agreements intended to advance their previously announced joint global clearing solution for Credit Default Swaps (CDS). Together with nine of the major global investment banks who are dealers in the CDS markets, ICE and TCC have entered into memorandums of understanding... Read more..