News

Siemens is modernizing the power distribution grids of the cities of Amritsar, Jallandhar, Ludhiana, Dehradun, and Faridabad in northern India. As part of the modernization, Siemens will implement its Spectrum Power network control system and equip the grid with SCADA/DMS functions for monitoring and control. The customers are three utility companies, Punjab State Power Corporation, Uttarakhand Power Corporation, and Dakshin Haryana Bijli Vitran Nigam. The order volume amounts to a total of approximately 11 million.

Dominion Midstream Partners entered into agreements with affiliates of National Grid and New Jersey Resources to acquire their ownership interests in Iroquois Gas Transmission System, in exchange for the issuance of approximately 8.6 million common units in Dominion Midstream having an agreed-upon value of approximately $286.5 million.

SunEdison signed a definitive agreement with Dominion, establishing a joint venture for Four Brothers, a 420-MW DC, or 320-MW  AC, solar project in Utah, developed by SunEdison. The project is now under construction and fully financed with an expected commercial operation date of mid-2016. The Four Brothers project is contracted under long-term PPAs for 20 years with PacifiCorp.

Constellation and Bloom Energy plan to develop 40 MW of Bloom Energy fuel cell projects for commercial and public sector customers in California, Connecticut, New Jersey and New York. Under the agreement, Constellation will provide equity financing and own a majority equity interest in Bloom Energy Servers at more than 170 sites for customers, including AT&T, the City of Hartford, Conn., and Walmart among others. Constellation and Bloom Energy plan to complete the installations in phases by the end of 2016.