(June 2012) South Carolina Electric & Gas gave Shaw Group and Westinghouse full notice to proceed on their contract for two new Westinghouse AP1000 nuclear power units and...
assumption of $3.4 million of debt. These transmission assets move electric power across New Mexico between Albuquerque and Clovis. The physical assets include 216 miles of 345-kV transmission lines, towers, easement rights, converters and other grid support components. The project is leased on a triple net basis through April 1, 2015, to Public Service Company of New Mexico.
JDSU acquired product design, patented intellectual property and other assets from QuantaSol, a concentrated photovoltaic (CPV) provider based in the United Kingdom. JDSU plans to use multiple quantum well (MQW) technology from QuantaSol for its CPV cell product platform. The company says MQW technology allows more light to be converted to electrical power by raising the efficiency of CPV cells. JDSU plans to transfer key assets from QuantaSol to the JDSU headquarters in Milpitas, Calif., over the next six months.
SCE&G and Santee Cooper signed letters of intent with Duke Energy Carolinas and Florida Municipal Power Agency to sell minority interests in a 2,234 MW, two-unit expansion project at the V.C. Summer nuclear power station. Duke would acquire between 5 and 10 percent of the new capacity, and FMPA would acquire between 2 and 10 percent. The letters follow a similiar agreement in March with Orlando Utilities Commission, which would acquire 5 to 10 percent of the expansion.
Kelson Energy agreed to sell its 968-MW Magnolia gas-fired combined-cycle power plant, located in Benton County near Ashland, Miss., to the Tennessee Valley Authority (TVA) . The plant is located in the TVA service area and connected to the TVA grid, and has been a source of purchased power for TVA since it opened in 2003. Kelson has owned the plant since 2005. Terms of the transaction weren’t disclosed.
Adam Borison joined Navigant’s Energy Practice as a director and will be based in San Francisco. Borison is an expert in decision analysis, real options and related methods.
McGuireWoods selected Ellen Ruff , the former president of the office of nuclear development at Duke Energy, as a partner in the firm’s energy practice in Charlotte. Since 2008, Ruff was responsible for Duke Energy’s expansion of its nuclear capabilities in the Carolinas, including the Lee Nuclear Station in Cherokee County. Prior to that role, she served as the president of Duke Energy Carolinas.
OwnEnergy selected Steve Krebs , formerly a senior partner with Baker Botts, to join the company’s leadership team, focusing on commercial, project development and finance matters. At Baker Botts, Krebs led the firm’s global projects, alternative energy and project finance and development practices.
Dean Maschoff joined the Ernst & Young advisory services group as a member of its power and utilities practice. Maschoff previously was managing director at consultancy North Oak Group, and was with CRA International and Navigant Consulting before that. He specializes in corporate and business unit strategy, strategic performance management, capital investment and market performance, and organizational design.
Sensus appointed James J. Hilty as CFO following six months as interim CFO. Hilty previously served as v.p. of business development.
LDK Solar Tech USA selected Ron Kenedi as president. Previously Kenedi