Electric utilities
SunEdison, the leading solar services company in North America, has appointed Mark Denner as Vice President of Delivery, bringing 30 years of experience in organization, operations, and program management from both the private and public sectors. Denner will oversee all solar power plant delivery and report directly to COO Brian
Electric utilities
Xcel Energy is requesting proposals for commercial, customer-sited solar installations in Colorado as part of its compliance with the Colorado Renewable Portfolio Standard. The company aims to produce 7,000 megawatt-hours per year in new solar projects, with proposals due on January 4. Each project must be rated above 100
Electric utilities
Nicola Sturgeon, the SNP deputy leader, yesterday accused the Scottish government of inconsistency and seeking to make political capital over the planned takeover of ScottishPower by the Spanish energy firm Iberdrola. The SNP has submitted a formal request for an investigation into the tax breaks given to Iberdrola by the
Electric utilities
CBI president Sir John Sunderland has condemned protectionism within US and continental European economies, accusing the Spanish government of hypocrisy for blocking foreign takeovers while offering tax breaks to domestic companies. Sunderland's verbal assault on lingering protectionism highlighted the growing trend of foreign takeovers of UK assets, with
Electric utilities
ScottishPower's shares temporarily surged yesterday, fuelled by speculation that a Spanish company, Iberdrola, was poised to make a £12 billion offer for the Glasgow-based energy firm. Analysts speculated that Iberdrola's move might spark interest from other parties, including Gazprom of Russia and France's EDF.
Electric utilities
The UK's utility sector, once considered a stronghold for conservative investors, has become a prime target for private equity firms and foreign bidders. Over the past two years, these companies have been snapped up at an unprecedented rate, with domestic and foreign competitors, consolidators, and private equity funds
Electric utilities
Alistair Buchanan, chief executive of Britain's energy regulator Ofgem, has urged gas companies to pass on the recent drop in wholesale prices to customers. This warning comes as Powergen, the country's second-largest power firm, imposed a significant price hike on its six million customers. Buchanan expressed
Electric utilities
UK-based companies are dealing with the consequences of a challenging retail and energy landscape, as evidenced by the performance of Asda, owned by Wal-Mart, and energy supplier Powergen, owned by E.ON. While Asda struggles to regain sales momentum, Powergen's profits took a significant hit due to rising
Electric utilities
Flooding in Gujarat has severely affected power generation in gas-fired plants in the western and northern states, with several plants reducing or halting operations due to non-availability of gas. State-run NTPC's Kawas and Gandhar projects, which have a combined installed capacity of 1,293 MW, are among the
Electric utilities
The State Electricity Regulatory Commission (SERC) has initiated a significant step in the restructuring of the mainland power industry by hiring China International Capital Corp (CICC) to sell over 10 billion yuan worth of power generation assets owned by the central government. This sale is aimed at separating the management
Electric utilities
The Duke Energy Income Fund has announced its plans to acquire Westcoast Gas Services Inc. (WGSI), a company that owns interests in four raw gas processing plants and associated gas gathering systems in British Columbia. The acquisition, which is valued at approximately $145 million, will be completed through the purchase
Electric utilities
Duke Energy has begun notifying its customers that their electricity rates will increase by about $1.85 for each 1,000 kilowatt-hours of use, effective from July 1 through June 30, 2007. The increase is largely due to a fuel surcharge and deferred income taxes, partially offset by cost savings
