FirstEnergy’s acquisition of Allegheny Energy is bolstered by the lackluster results at Copenhagen in December and the Republican senate victory in Massachusetts, both of which diminished the prospects of climate change legislation.
SCANA’s fourth-quarter earnings dropped 9.1% amid decreased industrial and consumer demand.
The Los Angeles Department of Water and Power and First Solar are planning to install a 3-5 GW solar project on Owens Lake in California.
Progress Energy posted a $142 million profit in the fourth quarter and expects power sales to rise this year in North Carolina.
The European Union’s first phase of carbon trading has been successful in reducing emissions despite its flaws, according to a report analyzing the 2005 to 2007 trades.
Norway is planning to spend NOR137 million ($23 million) to build a wind turbine capable of producing 10 MW.
Canadian transmission and distribution shop Hydro One has secured a three-year CAD500 million ($468 million) revolver to take out a CAD$1 billion revolver due to falling power prices.
FirstEnergy will start filing in the coming weeks with state and federal regulators for approval of its proposed $8.5 billion stock-for-stock takeover of Greensburg, Penn.-based Allegheny Energy.
McDermott Will & Emery has hired Blake Winburne, partner at Baker Botts, as a partner in its energy & commodities advisory group in the firm’s Houston office.
NV Energy has agreed to a 20-year PPA for 32 MWs of capacity from Ram Power’s Clayton Valley geothermal project in Esmeralda County, Nev.
--Joe Cofelice, ceo at Westerly Wind in Braintree, Mass., on funding for early stage wind projects.
When you're out looking for the pot of gold on St. Patrick's Day in the pub, be sure you're swiggin' green, not just wearing it.