With undersea cable linking Canada to Manhattan, Project Neptune could remake the transmission biz.
Industrial Systems , which have formed an alliance to market and sell Distributed Superconducting Magnetic Energy Storage systems as a co-branded product to utilities to improve power grid reliability, have received their first order for a D-SMES system. The first buyer of the system was Entergy Corp. , which will deploy the system in one of its power grids in Texas in early 2001.
Sempra Energy Trading has opened an office in Madrid under the name Sempra Energy Europe España . Sempra Energy Trading established operations in Spain to take advantage of the wholesale market opportunities in the newly deregulated Spanish electricity market.
PG&E Corp.'s National Energy Group hosted a ribbon-cutting ceremony marking the beginning of commercial operation of the largest wind power plant in the eastern United States, an 11.5-MW facility in Madison County, N.Y. The project is located on farmland and consists of seven Vestas 1.65-MW wind turbines. The plant is New York's first commercial wind farm.
USEC Inc. has signed an agreement with the U.S. Department of Energy to begin designing a new gas centrifuge based on the uranium enrichment technology developed by DOE in the 1980s. This work will enable the company to determine the feasibility of deploying a centrifuge plant in the United States, while continuing to review other technology options.
The Shaw Group Inc. and Entergy Corp.'s non-utility wholesale operating group have signed a definitive agreement creating EntergyShaw LLC , a new company that will provide management, engineering, procurement, construction, and commissioning services to build electric power plants worldwide. Jim Early, a senior vice president of Shaw, has been appointed president.
Mergers & Acquisitions
National Grid + Niagara Mohawk. Great Britain's National Grid on Sept. 5 announced that it will acquire New York-based Niagara Mohawk for $3 billion. National Grid recently acquired New England Electric System, which holds four electric distribution companies in Rhode Island, Massachusetts, and New Hampshire.
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