Electric utilities
The Australian Competition and Consumer Commission (ACCC) has delayed its final decision on the proposed acquisition of Edison Mission Energy by International Power plc, citing concerns that the new owner may gain enhanced ability to raise wholesale electricity prices. As part of the deal, International Power and Japan's
Electric utilities
As the fuel cell industry continues to evolve, several notable developments have emerged, showcasing the technology's potential for growth and innovation. Key players, such as Plug Power, Inc. and International Fuel Cells, have strengthened their leadership teams, while SatCon Technology Corp. has reported significant revenue increases. Meanwhile, BWT
Electric utilities
AES has operations in eight countries in Latin America and is investing heavily in the region, despite concerns about the company's exposure to emerging markets. The company's assets include some of the most important distribution and generating companies in the region, with installed capacity of over
Electric utilities
FPL Group and Entergy Corp. will join forces in a $7-billion stock deal to create the nation's largest power company, serving more than 6.3 million customers across five Southern states. The combined company will surpass American Electric Power Co. and become the largest US power producer, with
Electric utilities
CMS Energy Corporation's independent power unit, CMS Generation Co., has announced the commercial operation of Unit 3 at the Jorf Lasfar facility in Morocco, the largest independent power plant in Africa. The $1.5 billion coal-fueled plant, which began supplying commercial power to Office Nationale de l'
Electric utilities
As the clock struck midnight, marking the start of 2000, power companies in the Lehigh Valley reported no significant disruptions to electricity supply, allaying fears of the so-called year 2000 computer bug. Despite widespread anticipation and apprehension, the transition was a "smooth" one, according to utility officials. PP&
Electric utilities
As the world counts down to the dawn of a new millennium, top business leaders are taking proactive steps to mitigate the potential disruptions caused by the Y2K bug. Meanwhile, the Conference Board has predicted a strengthening euro and an increase in the value of the Japanese yen in the
Electric utilities
ScottishPower has taken a crucial step towards finalizing its $4 billion acquisition of US-based PacifiCorp, securing a recommendation for approval from Oregon's Public Utility Commission staff. The recommendation follows an agreement offering up to $51 million in price reductions, with ScottishPower committing to four years of customer credits
Electric utilities
Scottish Power is on the brink of a major breakthrough in its attempt to become the first British electricity company to buy a large US power supplier, PacifiCorp. After overcoming objections from regulatory officials in Oregon, the UK group is now expected to announce the details of its discussions with
Electric utilities
PP&L Resources Inc. has completed the acquisition of most of Bangor Hydro-Electric Co.'s power plants and transmission rights, securing its position in the region's energy market. Additionally, Hershey Foods Corp. is planning a significant expansion with a large warehouse and distribution center that could
Electric utilities
A significant change is underway for Texas-New Mexico Power Company (TNMP), as an investor group led by CIBC World Markets and William J. Catacosinos intends to acquire the company in a cash transaction worth approximately $1 billion. This acquisition will affect around $415 million of debt, and the debt and
Electric utilities
Illinova Energy Partners (IEP), a leading power marketing and energy management service company, has acquired Quality Energy Services (QES), a natural gas marketing company based in Tempe, Arizona. The acquisition marks a significant expansion of IEP's presence in Arizona, positioning the company for growth in the state'
