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China, Mongolia To Cooperate On Nuclear Energy
As China met with Mongolia to agree to lend the nation $500 million for infrastructure, mining and finance sectors, the countries also made a preliminary agreement to cooperate in the development in of radioactive minerals and nuclear energy.
June 02, 2010
SSE Interested In Small EDF Stake
Scottish & Southern Energy is likely to purchase no more than 10% in the sale of EDF shares. EDF is expected to garner about GBP4 billion ($5.83 billion) in the sale.
June 02, 2010
Nuclear Partnership Investigated
Areva and Siemens' nuclear power venture is being investigated by the European Commission after Siemens revealed previously undisclosed non-compete clauses to the regulating body.
June 02, 2010
SUEZ Lands Oman Power Plants
GDF Suez has won a $1.7 billion contract to build two new power plants in Oman, in a consortium with Siemens and GS Engineering & Construction.
June 02, 2010
Allegheny Finalizes Sale
Allegheny Energy has completed the sale of its electric distribution operations in Virginia, Potomac Edison Co., to Rappahannock Electric Cooperative.
June 02, 2010
La. Pushes For Clean Energy Legislation
Louisiana lawmakers are hoping to pass several bills allowing the state to take advantage of renewable energy in the midst of the Gulf oil spill.
June 02, 2010
Midstream Co. Begins Project
Energy Transfer Partners, a distributor of natural and propane gas, has begun construction on the 175-mile Tiger Pipeline that will start in Panola County, Texas, and ends in Richland Parish, La.
June 02, 2010
Solar PE Shop Looks For Investments, Acquisitions
Syncarpha Capital, a newly formed private equity shop, is looking for development stage solar photovoltaic projects in which to invest.
June 01, 2010
TVA Pounces On Low Interest Rates
The Tennessee Valley Authority waited for interest rates to drop below 5% before re-opening an issue of 30-year power bonds placed in September 2009, offering an additional $500 million in notes
June 01, 2010
EDF Broke Rules, Paid Fine
Energy regulator Ofgem discovered EDF Energy broke new rules between October 2008 and March of last year by failing to record customer complaints properly.
June 01, 2010
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