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"Those are the areas where we see the best alignment of market forces--fuel and power prices."
--Larry Richardson, ceo of ReEnergy Holdings, a Riverstone Holdings-backed company in Latham, N.Y., on the company's plans to buy biomass and waste-fired plants near the Great Lakes and along the eastern seaboard within nine months.
November 18, 2010
Industry Current
Pennsylvania is poised to take off as a solar market as a result of an alternative energy portfolio standard adopted in 2004 whose solar targets are expected to ramp up rapidly.
November 18, 2010
BBVA, NaturEner Test Waters For $700M Project
BBVA and NaturEner officials have been pounding the pavement in New York speaking to banks and investors about financing the $700 million Rim Rock wind project.
November 18, 2010
One Year Ago In Power Finance & Risk
Pristine Power planned to close a club deal for its 393 MW York Energy Centre peaker by year-end.
November 18, 2010
Dynegy Extends Voting For Blackstone Bid
Dynegy has extended the deadline for shareholders to consider Blackstone Group’s $4.7 billion offer to Nov. 23.
November 18, 2010
FirstEnergy Cancels Ohio Plant Conversion
FirstEnergy Corp. has called off a proposed conversion of part of its existing Shadyside, Ohio, coal-fired plant to biomass and will instead shut down two units at year-end.
November 18, 2010
Eagles Plot Green Stadium Initiative
The Philadelphia Eagles are planning a more than $30 million energy project at Lincoln Financial Field in Philadelphia, comprising 2,500 solar panels, 80 wind turbines and a generator running on natural gas and biodiesel.
November 18, 2010
Former EDF CFO To Leave Utility
Daniel Camus, head of international activities and former cfo of EDF, is leaving the company.
November 18, 2010
First Wind Fires Up Milford II Building
First Wind has initiated construction on the second phase of its roughly $400 million Milford Wind Corridor project in Beaver County, Utah.
November 18, 2010
EFH Unit Inks Debt Swap
Texas Competitive Electric Holdings Co., a unit of Energy Future Holdings, has given a group of bondholders more seniority in the debt pecking order with an $885 million exchange of senior secured second lien notes.
November 18, 2010
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