Former Pres. Bill Clinton and other dignitaries help Duke, Cisco and Charlotte, N.C., launch commercial efficiency initiative; AEP signs 20-year MOU to buy solar output from New Harvest plant; Wartsila expands gas-fired generator in Turkey; U.S. DOE awards geothermal RD&D grants; GE acquires Dresser for $3 billion, and also acquires Calnetix industrial cogen technology; SunEdison sells 70 MW Rovigo PV plant; Ford Motor Co.
NRG buys Green Mountain Energy; Sempra divests domestic retail commodity operation, buys back $500 million in shares; TransCanada sells $1 billion in 10-year notes; Entergy floats $1.5 billion in four tranches; Exelon sells $900 million in two bond offerings; plus issues by Southern Company, Edison International, Nevada Power and CMS.
2010 Law & Lawyers Report
The industry isn’t as robust as we might think.
Investor-owned utilities might seem fairly robust, but they’re not impervious to unpredictable black-swan events. Ensuring the industry’s survival might depend on our ability to reduce our dependence on fragile and unsustainable regulatory structures.