FirstEnergy Corp. Declares Common Stock Dividend

The Board of Directors of FirstEnergy Corp. (NYSE:FE – News) today declared an unchanged quarterly dividend of 55 cents per share of outstanding common stock and provided contingent dividend payment scenarios to reflect possible timing of the completion of FirstEnergy’s pending merger with Allegheny Energy, Inc. “Depending on the timing of the merger and other factors, shareholders may receive two separate dividend payments that... Read more..

Allegheny Energy Announces Dividend Plan

The Board of Directors of Allegheny Energy, Inc.has authorized a cash dividend on the company’s common stock. The timing and the amount of such dividend is dependent on whether the pending merger with FirstEnergy Corp.If the proposed merger with FirstEnergy does not become effective on or before March 14, 2011, a dividend of $0.15 per outstanding share of common stock will be payable March 28, 2011 to stockholders of record at the close of business... Read more..

EM Resources Announces Update on Status of Amalgamation With Condor Petroleum Inc.

EM Resources Inc. announces that it has agreed with Condor Petroleum Inc. to extend the amalgamation deadline prescribed in the pre-amalgamation agreement dated July 25, 2008 from December 31, 2008 to June 30, 2009. On July 25, 2008, EM announced that it entered into a pre-amalgamation agreement with Condor, an arm’s length private Alberta corporation, pursuant to which EM and Condor have agreed to amalgamate conditional upon, among other things,... Read more..

Exelon Generation Formally Integrates AmerGen Assets Into Exelon Nuclear

Exelon Generation officially integrated the nuclear generation assets held by its AmerGen Energy Company LLC subsidiary into Exelon Nuclear and dissolved the AmerGen legal entity. The Nuclear Regulatory Commission approved the formal transfer of the operating licenses for these facilities to Exelon Generation on Dec. 23, 2008, which was a key step in the final integration process. “The formal integration of AmerGen into Exelon Nuclear is an... Read more..

Oil Refineries Updates on Status of Agreement to Acquire 50%-Balance of Shares in CAOL

Oil Refineries Ltd., Israel’s largest oil refiner, announced today that, following the Transaction Report issued by the Company on July 8, 2008, the Complementary Report from July 29, 2008, as well as the Immediate Report published by the Company on September 28, 2008 with regards to the signing of an agreement with Israel Petrochemical Enterprises (“IPE”), with respect to the acquisition of the 50% balance of shares in Carmel Olefins... Read more..

Shareholders of General Maritime Corporation and Arlington Tankers Ltd. Approve Combination

General Maritime Corporation and Arlington Tankers Ltd. jointly announced that each company’s shareholders have approved the proposed combination of General Maritime and Arlington. Peter Georgiopoulos, Chairman, President and Chief Executive Officer of General Maritime, commented, “We are pleased with the approval of the merger and excited about the Company’s prospects. With a large diverse double-hull fleet, we believe we are in... Read more..

Constellation Energy Receives Unsolicited Proposal From Électricité de France

Constellation Energy confirmed that it has received an unsolicited proposal from Électricité de France (EDF). The main components of EDF’s proposal are: * EDF would purchase a 50% ownership interest in the nuclear generation and operation business of Constellation Energy (excluding Constellation Energy’s existing interest in the UniStar joint venture) for $4.5 billion, subject to certain adjustments; * EDF would make an immediate $1... Read more..

Constellation Energy Receives Unsolicited Proposal From Électricité de France

Constellation Energy confirmed that it has received an unsolicited proposal from Électricité de France (EDF). The main components of EDF’s proposal are: * EDF would purchase a 50% ownership interest in the nuclear generation and operation business of Constellation Energy (excluding Constellation Energy’s existing interest in the UniStar joint venture) for $4.5 billion, subject to certain adjustments; * EDF would make an immediate $1... Read more..

Energy Conversion Devices Announces Multi-Year Supply Agreement With Marcegaglia

Energy Conversion Devices, Inc. (ECD), the leading global manufacturer of thin-film flexible solar laminates, and Marcegaglia S.p.A., a leading Italian steel manufacturing company, today announced a combined multi-year supply agreement for UNI-SOLAR® cells. Under the agreement, ECD’s subsidiary, United Solar Ovonic (USO), will supply Marcegaglia with individual photovoltaic (PV) cells for use in integrated commercial roofing products that Marcegaglia... Read more..

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 regulatory approvals required to complete this transaction,” said Gregory E. Abel, president and chief... Read more..