Nth Power Technologies raises $120.5 million in second energy venture capital fund

Nth Power’s first venture fund raised $63 million from strategic investors including ABB, Cinergy, Energy East, Electricité de France, and Hydro Quebec. These organizations are also participating in Fund II, joined by new strategic and financial investors including Alliant Energy, Avistar, Ballentine Capital, Bank of America Capital, Central Hudson Gas and Electric, CIBC World Markets, Itochu International Inc., Lehman Brothers Venture Capital, Meridian Energy (New Zealand), NiSource Development, Norsk Hydro (Norway), PanCanadian Petroleum Limited and Pacific Venture Capital (a unit of PGE corporation).

Oct. 11, 2000—Taking the next step to separate into two publicly traded companies, Reliant Energy Inc., Houston, Wednesday said its current chairman, CEO, and president, Steve Letbetter, will serve as chairman and CEO of the unregulated company.

Previous articleRural electrification reaches 75 percent in Peru
Next articleFlorida commission to examine issue of electric deregulation
The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

No posts to display