Six U.S. nuclear utilities have established a technical advisory board for the deployment of GAIA, AREVA’s next generation pressurized water reactor fuel assembly design. These six utilities – including Dominion, Duke Energy, Exelon and PSEG – share a common interest in ensuring the technical advancement and demonstration of this fuel for the U.S.
Energen signs stock purchase to sell Alagasco to The Laclede Group; Calpine agrees to sell six power plants to LS Power; Exelon agrees to buy Pepco Holdings Inc.; GE offers to acquire power and grid businesses from Alstom.
Exelon and Pepco Holdings signed a definitive agreement to combine the two companies in an all-cash transaction. The agreement, which has been unanimously approved by both companies’ boards of directors, brings together Exelon’s three electric and gas utilities – BGE, ComEd and PECO – and Pepco Holdings’ electric and gas utilities – Atlantic City Electric, Delmarva Power and Pepco – to create the leading Mid-Atlantic electric and gas utility.
Three nuclear energy plants owned by Constellation Energy Nuclear Group (CENG) officially joined Exelon Generation's fleet of nuclear plants. The three CENG plants include five reactors capable of generating more than 4,200 MW at full power, they include: R.E. Ginna Nuclear Power Plant in Ontario, NY, a single 583-MW, Nine Mile Point Nuclear Station in Scriba, NY, 1,937 MW, Calvert Cliffs Nuclear Power Plant in Lusby, Md., 1,768 MW.
The competitive transmission genie is out of the bottle.
Constellation and EdF transfer nuclear licenses to Exelon for $400 million; NRG closes $244 million acquisition of Gregory cogen plant in Texas; Vivint Solar secures $200 million for rooftop solar leases; Virginia Power floats $585 million in bonds; Southern Company issues $700 million; plus equity deals totaling $844 million and debt issues totaling $3.635 billion.
A formal methodology for developing ring-fencing arrangements and setting conditions.
How can decision makers determine the appropriate degree of ring-fencing for a utility holding company? The authors propose a systematic and objective method – recognizing business and financial risks specific to the regulated utility and its affiliates.