Infrastructure
Infrastructure Articles
Westinghouse Electric, a subsidiary of Japan’s Toshiba Corporation, has signed an engineering, procurement, and construction contract with the Florida subsidiary of Progress Energy, Inc. (NYSE:PGN)...
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The incoming Obama administration faces any number of sizable challenges. One thing the President-elect proposes is to spend $150 billion "over the next ten years to catalyze private efforts to build...
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Platts is reporting this morning that the European Commission released its decision this morning regarding the buyout offer from Electricite de France (EDF) for British Energy Group plc, the...
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Alliant Energy Corp. (NYSE:LNT) this morning released financial guidance for 2009. The company also noted that it has reached an agreement with the state of Wisconsin on a rate case settlement that...
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The other shoe has dropped. Constellation Energy Group Inc. (NYSE:CEG) has accepted Electricite de France’s (EDF) offer of $4.5 billion for 49.99% of the company’s nuclear assets (rather...
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Satyam Computer Services Ltd. (NYSE: SAY) is seeing its stock crushed this morning after the company’s board of directors approved acquisitions of infrastructure development companies Maytas Infra...
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Late on Friday, Reliant Energy (NYSE:RRI) announced that it had terminated a $300 million retail working capital facility with Merrill Lynch. The company had failed to meet its EBITDA covenant on the...
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We have had many inquiries this week over this EDF offer for Constellation Energy Group Inc. (NYSE: CEG) now that EDF in France gave a competing bid versus that of Warren Buffett’s Berkshire...
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The recent bid by France’s Electricite de France (EDF) for half of the nuclear business of Constellation Energy (NYSE:CEG) caused Fitch Ratings to downgrade the company’s Issuer Default...
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When everyone else is ducking for cover, it often pays to stick your neck out. That seems to be what Fluor Corporation (NYSE:FLR) is doing with the announcement of a new business that it is calling...
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Whenever something like this comes along, one has to ask, "Are these guys serious?" Electricite de France (EDF) yesterday offered Constellation Energy (NYSE:CEG) a premium of about 96% to purchase...
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Just as with natural gas and crude oil, electricity use is off as the economy heads into its second year of recession. The lack of demand for electricity affects the bottom line for generators like...
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It took NRG Energy (NYSE:NRG) almost two weeks to figure out that shareholders should reject the exchange offer from Exelon Corporation (NYSE:EXC). That’s odd because NRG had already rejected...
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We covered an IPO Filing back in August for a company called US Power Generating Company. The company is a wholesale power generation company in New York which had filed to sell up to $500 million...
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Yesterday, Montana’s Public Service Commission approved a request from NorthWestern Energy (NYSE:NWE), the largest electricity distribution company in the state, to purchase an existing...
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