There’s just no stopping it. The capital amassed by private takeover firms is simply overwhelming. Any reasonable person could conclude that public utilities face wholesale changes in terms of...
Business & Money
Companies in the consortium include Constellation Energy Group Inc., EDF International North America, Entergy Nuclear, Exelon Corp.'s Exelon Generation, Southern Co., and two nuclear reactor vendors, Westinghouse Electric Co. and GE Energy.
Moreover, a second consortium of companies has applied with the NRC to construct a new nuclear reactor, according to an April 1 New York Times report. The group, consisting of Dominion Resources Inc., Hitachi America, Bechtel, and a subsidiary of Atomic Energy of Canada Ltd., seeks to construct the facility adjacent to Dominion's existing North Anna reactors.
S&P Lowers Aquila Credit Rating To B- from B
Standard & Poor's Ratings Services said April 8 that it lowered its corporate credit rating of Aquila to B- from B and the outlook is negative. "The downgrade reflects continued uncertainty regarding Aquila's ability to restructure its gas prepay contracts and the expectation that credit measures will remain pressured despite management's efforts to stem its deteriorating credit profile," the rating agency commented in a news release.
Sempra Considering Locations for Idaho Coal-Fired Power Plant
Sempra Energy unit Sempra Energy Resources is in the early stages of siting a coal-fired power plant in Idaho, according to an April 5 report from the Idaho Statesman. "We're not providing any specific information about land and water options at this time," spokesman Art Larsen told the paper.
"We're still in the very early stages of identifying the viability of such a project." Larsen said Sempra has been studying the site, which lies along the Snake River between Glenns Ferry and Bliss, for about one year. He did not comment as to when the company would make definitive plans for the plant.
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