China Energy Recovery, Inc., a leader in the waste heat energy recovery sector of the industrial energy efficiency industry, announced today that it has successfully completed an EPC (Engineering, Procurement and Construction) project (the “Project”) for a new specialty sulfuric acid plant, operated by Jiahua Chemical (“Jiahua”), in late December 2008. The Project is a showcase of the customers’ recognition of CER’s... Read more..
Exelon Corporation today filed with the Securities and Exchange Commission and posted to its Web site a presentation for investors with additional details on the value that would be created by its offer to acquire all of the outstanding common stock of NRG Energy, Inc. in an all-stock transaction. “The combination creates clear and compelling value for both Exelon and NRG shareholders,” said Chris Crane, president and COO, Exelon. “It provides... Read more..
In testimony before the U.S. Senate Energy Committee on Sept. 12, Exelon Chairman, President and CEO John Rowe will call on Congress to develop a 21st century Marshall Plan for energy, as part of a three-part plan to address the nation’s energy challenges. “I believe nothing less than a comprehensive national effort for energy will put us on the right track,” said Rowe. “Just as the Marshall Plan successfully rebuilt Europe after World War... Read more..
Exelon Corporation announced that its board of directors has approved a share repurchase program for up to $1.5 billion of its outstanding common stock. Exelon expects to complete the share repurchase program within the next six months. “We have an increasingly strong cash flow profile and balance sheet, which allow us to pursue new growth opportunities and return value to our shareholders, such as through this stock buyback,” said John W. Rowe,... Read more..
Exelon Nuclear today announced the launch of a new Texas-based Web site intended to keep the public updated and informed about the company’s proposed Victoria County nuclear plant. The Web site address is http://www.ExelonNuclearTexas.com. The Web site includes project updates, upcoming events, facts about the proposed project, facts about nuclear energy in general, background on Exelon Nuclear, and an interactive feature so that the public... Read more..