News

FERC Approves Merger of Exelon and Pepco Holdings

Submitted by aburr on Wed, 2014-11-26 13:35

FERC approved the proposed merger of Exelon and Pepco Holdings. The companies announced their proposed merger on April 30. The combination of the companies will bring together Exelon's three electric and gas utilities - BGE, ComEd and PECO - and Pepco Holdings' (PHI's) three electric and gas utilities - Atlantic City Electric, Delmarva Power and Pepco - to create the leading mid-Atlantic electric and gas utility.

Dominion Acquires Solar Facility in California

Submitted by aburr on Wed, 2014-11-26 13:34

Dominion acquired West Antelope Solar Park, a 20-MW solar energy facility, from Canadian Solar with a 20-year PPA in place. With the addition of West Antelope Solar Park, Dominion has 344 MW of solar generating capacity - about 220 MW of which are in California - in development, under construction or in operation across six states. The company's renewable portfolio also includes approximately 850 MW of capacity generated by biomass, water and wind.

Westinghouse to Co-Develop Nuclear Power in Turkey

Submitted by aburr on Wed, 2014-11-26 13:34

Westinghouse Electric, China's State Nuclear Power Technology Corporation (SNPTC) and Electricity Generation Company (EÜAŞ) entered into exclusive negotiation to develop and construct a four-unit nuclear power plant site in the Republic of Turkey based on AP1000 reactor technology. The project also covers all life cycle activities including operations, nuclear fuel, maintenance, engineering, plant services and decommissioning.

SunEdison and Renova Energia Create Joint Venture to Develop 1 GW of Utility Scale Solar in Brazil

Submitted by aburr on Wed, 2014-11-26 13:33

SunEdison and Renova Energia S.A. created an exclusive joint venture to develop, own, and operate 1 GW of utility scale solar PV energy to supply the Brazilian Regulated Electricity Market. Renova and SunEdison will each own a 50% stake in the joint venture. The joint venture plans to build and operate four utility scale solar power plants in Bahia State, Brazil, by 2017; installing 106.9 MW of solar as part of contracts awarded by the Brazilian Energy Commercialization Authority, Camara Comercializadora de Energia Electrica (CCEE).

NRG Home Solar Expands Operations in California

Submitted by aburr on Thu, 2014-11-20 13:01

NRG Home Solar opened two new California offices in Merced and San Diego, adding to the NRG footprint in the state. These offices will add to existing presence and further build on the company’s energy operations around the state including the recent expansion of the NRG eVgo electric vehicle charging network. NRG Home Solar is offering solar loans for the first time to homeowners starting in California and expanding to other states.

Emera Sells Its Interest in Northeast Wind

Submitted by aburr on Thu, 2014-11-20 13:00

Emera will sell its 49% interest in Northeast Wind Partners II (Northeast Wind), to its 51% partner, First Wind Holdings (First Wind) for $223.3 million. Northeast Wind owns and operates a 419-MW portfolio of wind generating assets located in the Northeast United States. Emera acquired its interest in Northeast Wind in 2012. Emera's sale is part of a larger deal which will see 100% of First Wind sold to a third party, and is conditional on that transaction closing.

SunEdison and TerraForm Power Sign Definitive Agreement to Acquire First Wind for $2.4 Billion

Submitted by aburr on Thu, 2014-11-20 13:00

SunEdison and TerraForm Power signed a definitive agreement to acquire First Wind for $2.4 billion. SunEdison will purchase over 1.6 GW of pipeline and backlog projects, which have been added to TerraForm Power's call right project list and are expected to be operational in 2016-2017. Included in the transaction is an additional 6.4 GW of project development opportunities.

NorthWestern Energy Completes Purchase of PPL Montana's Hydroelectric Facilities

Submitted by aburr on Thu, 2014-11-20 12:59

NorthWestern Energy closed on the previously announced $900 million purchase of eleven hydroelectric facilities representing 633 MW of capacity and one storage reservoir from PPL Montana. NorthWestern previously announced the issuance of equity and debt securities to finance the acquisition from PPL Montana.

American Transmission Company Completes Zoo Interchange Work

Submitted by aburr on Thu, 2014-11-20 12:58

American Transmission Co. (ATC) completed its work in the Zoo Interchange to relocate and erect new electric transmission infrastructure to accommodate the Wisconsin Department of Transportation's interchange expansion plans. ATC began the transmission line portion of the project in June 2013 to relocate seven overhead 138-kV transmission lines and erect 59 single pole structures to replace 58 lattice towers.

Georgia Power Launches EV Charger Rebate Program for Businesses

Submitted by aburr on Thu, 2014-11-20 12:57

Georgia Power launched its new EV charger rebate program for business customers. The two-year program, informed by feedback from Georgia businesses, offers business customers a $500 rebate for installing 240-volt Level 2 (L2) chargers. The business customer program is part of a larger electric transportation pilot initiative which includes promoting public education, supporting community charging stations for public use, enhancing charging options at select Georgia Power facilities and offering rebates for residential customers who install EV chargers at their homes.