Raser Technologies, Inc. announced that Prudential Capital Group, an institutional investment division of Prudential Financial, Inc., purchased the permanent debt financing for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah, from the original project financier. The approximately $31 million of non-recourse debt financing helped construct the Thermo geothermal power plant which completed major construction elements last... Read more..
Constellation Energy announced two new management appointments – Jonathan (Jack) W. Thayer as chief financial officer and Charles A. Berardesco as general counsel – as the Company progresses toward closing its merger with MidAmerican Energy Holdings Company. The appointments are effective immediately. “Jack and Charlie are talented and experienced executives, who possess extensive knowledge of their disciplines, as well as a deep understanding... Read more..
It was announced that seventeen of the nation’s energy and utility companies have purchased licenses under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through A2D, L.P. These separate licenses cover services offered by each of the companies in the “Energy and Utility Services” field of use. These services, including power outage reporting and customer service, are delivered through automated systems as... Read more..