Entergy Louisiana signed a 10-year commercial and contractual agreement with PennTex North Louisiana to supply up to 25 MW of electric power to PennTex's Lincoln Parish plant near Arcadia, La., beginning in March 2015. In March 2014, PennTex announced plans to construct a natural gas processing plant at a new site in Lincoln Parish, which is expected to be completed and operational by March 2015.
Entergy utility operating companies completed the integration of their transmission system into the Midcontinent Independent System Operator (MISO). Entergy's utility operating companies — Entergy Arkansas, Entergy Mississippi, Entergy Texas, Entergy Louisiana, Entergy Gulf States Louisiana, and Entergy New Orleans — have been working for more than two years to plan and prepare for the transition. With the integration into MISO, these functions will now be managed by MISO across its newly-expanded regional footprint.
Entergy acquires Kgen gas-fired plants in Arkansas and Mississippi; TransCanada buys BP share of Alberta gas storage facility; PSE acquires Tenaska plant; AEP issues $850 million in debt; Duke units float $650 million in bonds; plus debt issues by NextEra, Southern Company, Entergy, and others totaling nearly $3.2 billion.
(May 2012) Entergy Louisiana starts construction on gas-fired power project; Virginia Commonwealth University and Dominion partner on a test site for efficient energy technologies; Burlington Electric Department selects Siemens for meter data management platform; IKEA commissions four Blink electric vehicle charging stations; Edison Mission Energy, TIAA-CREF and Cook Inlet Region Inc. form partnership, and others.
AGL Resources created a new office of technology and environmental sustainability, to be headed by Ira Pearl as v.p. Jay Sutton is promoted to v.p., engineering and supply chain services at AGL’s Florida City Gas and coastal Georgia subsidiaries. Melvin Williams is promoted to general manager, Florida City Gas and coastal Georgia. And others...
Green investments require bulletproof financing.
Originally developed to compensate U.S. electric utilities for regulatory assets rendered uneconomic by deregulation, so-called “stranded-cost” securitization techniques are finding new applications. To date, utilities have issued approximately $40 billion of stranded-cost securitizations. That number could increase dramatically if the industry applies well-tested securitization techniques to the extraordinary costs it faces in the future.
(August 2008) Luminant (the former TXU power generation unit) announced that Texas Secretary of State Phil Wilson joined the company as senior vice president of public affairs. NiSource named Stephen P. Smith CFO. AEP named Richard E. Munczinski senior vice president, shared services. And more...
“I think it is my job as a leader to make sure that our values are always lived up to even when [they] conflict necessarily with our vision. That is what people look for at the end of the day. A leader’s role above all else is to make sure the truth is respected.”
By 2020, nearly half the workforce will be female and non-white. Are utilities ready?