Reliant Energy Inc., an international energy services and energy delivery company, reached a definitive purchase agreement to acquire for $2.1 billion in cash 21 power plants located in the Pennsylvania, New Jersey and Maryland (PJM) power pool with 4,276 MW of net generating capacity from Sithe Energies.
Portland General Electric agreed to sell stakes in its hydroelectric system over four decades to American Indian tribes that now lease the dam properties to the utility. It plans to sell a third of the 408 MW Pelton Round Butte system to the Confederated Tribes of the Warm Springs next year, up to 49.9 percent by 2021 and an option for a controlling stake in 2037. The tribes would pay for the system over 50 years by selling their share of the electricity to Portland General or other utilities at
An Institute of Electrical and Electronics Engineers (IEEE)-sponsored working group has developed the first interconnection standard of its kind for allowing utility interconnections of non-utility-owned distributed generation (DG) equipment.
FPL Group Inc. (FPL) recently found another supplier for its unregulated power and natural gas customers in Pennsylvania and New Jersey, completing the company`s withdrawal from unregulated retail marketing, a FPL spokesman said. The changes were announced by PP&L Resources Inc. (PPL) which said its retail marketing arm, PP&L EnergyPlus Co., has agreed to serve the customers of FPL Energy Services in the two states. Terms of the transaction were not disclosed.
SatCon Technology Corp., Cambridge, Mass., will build fuel cell power converters for H Power Corp., Belleville, N.J. The converters convert dc electrical output from H Power`s proton exchange membrane fuel cell systems into ac electrical power. H Power is completing development of 1 to 10 kW systems for remote or grid-connected residential use, operating on propane or natural gas. It has signed an agreement with ECO Fuel Cells LLC, an energy services organization owned by electric co-ops, to dis
A new study said hundreds of energy service companies are inefficiently and ineffectively selling their services to the health care market, which is spending an estimated $13 billion on energy and related services. The Cambridge, Mass.-based Fuld & Company study, examined the dynamics of the health care sector and offered insight on how to successfully market to this customer segment.
PP&L EnergyPlus Co. agreed recently to serve the unregulated power and natural gas customers of FPL Energy Services in Pennsylvania and New Jersey, marking FPL Group`s exit from the unregulated retail marketing business. Terms of the transaction were not disclosed. Late last year, FPL announced plans to discontinue its unregulated retail marketing operations.
In 1998, with 56 days of temperatures 100 F or more, it`s not surprising that utility bills in Dallas ran 15 to 35 percent higher than typical summers. Again, during the summer of 1999, record-breaking heat forced building operators to crank up their air conditioning systems-sometimes for 24 hours a day. But at the headquarters of Central & South West Corp. (CSW) both this year and last, building services technician David Lewis reports a significant decrease in energy usage. Through the brutal 1
KW International, a London-based risk management software company, recently opened its first U.S. office, in San Francisco. The company`s primary product, kW2000, uses transaction and contract analysis methodologies to provide users with energy forwards trading, portfolio management and risk management capabilities. Major clients include Cinergy and Southern Company`s European trading arm, plus international energy companies including Electricite de France, Electrabel of Belgium, Norsk Hydro, Po
To provide renewable energy options to its 3.4 million customers, ComEd plans to team up with Spire Corp., and invest $6 million in a new Chicago solar manufacturing company.