Daniele Seitz

Coal-Plant Plunge Threatens Billions in Pollution Spend

The coal-fired power industry in the U.S. is facing the biggest plunge in asset values in a decade, risking billions of dollars in pollution-control spending by utilities such as Exelon Corp. and American Electric Power Co.

Exelon Pays $900 Million to Become Wind-Power Owner, Buying Deere Unit

Exelon Corp., the largest U.S. utility owner, is making its first purchase of wind-power plants, agreeing to pay as much as $900 million for Deere & Co.’s renewable-energy unit.

Constellation Drops Nuclear Plant, Denting EDF's U.S. Plans

Constellation Energy Group Inc. pulled out of negotiations on a $7.5 billion loan guarantee to build a nuclear reactor in Maryland with Electricite de France SA , potentially damaging the French utility’s U.S. expansion plans and the companies’ partnership.

Dynegy to Be Bought by Blackstone in $4.7 Billion Deal

Blackstone Group LP agreed to acquire Dynegy Inc. , the Texas power producer that lost 94 percent of its market value in the past three years, for more than $540 million.

PG&E Tumbles After Natural-Gas Pipeline Explosion in San Francisco Suburb

PG&E Corp. , California’s largest utility owner, fell as much as 8.3 percent in New York trading after one of its natural-gas pipelines exploded in the San Francisco suburb of San Bruno.

Dynegy Fourth-Quarter Net Loss Narrows on Contracts

Dynegy Inc., the owner of power plants in 11 U.S. states, said its fourth-quarter net loss narrowed as energy contracts gained in value. The company’s shares rose in New York after earnings topped estimates and Dynegy reported $2 billion in liquidity.

Entergy Explores Potential Sale of Vermont Yankee Nuclear Power Plant

Entergy Corp. , the second-largest owner of U.S. nuclear reactors, may sell its Vermont Yankee reactor after Vermont voters elected a governor who has opposed extending the plant’s operating life beyond 2012.

Google's Reicher Aims at Another Fledgling Industry: Wind Farms

Google Inc. , the Web company that a decade ago used engineering prowess to conquer the nascent online advertising market, is now aiming technology and its cash pile at another fledgling industry: offshore wind farming.

Exelon Said to Be Near $7.7 Billion Deal for Constellation

Exelon Corp. , the largest operator of U.S. nuclear power plants, is near agreement to buy Constellation Energy Group Inc . for about $7.7 billion, adding stakes in five reactors in Maryland and New York, according to a person with knowledge of the matter.

Exelon Is Said to Be Near $7.7 Billion Stock Deal for Constellation Energy

Exelon Corp. , the largest operator of U.S. nuclear power plants, is near an agreement to buy Constellation Energy Group Inc . for about $7.7 billion, adding stakes in five reactors in Maryland and New York, according to a person with knowledge of the matter.

"Building a nuclear plant for Constellation would be an investment of $5 billion or more with no return for 10 years, so it needs help."

- Daniele Seitz on Oct 09, 2010

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Obama Says IRS Targeting of Tea Party Groups ‘Outrageous’

‘Iron Man 3’ Tops Weekend Sales Again With $72.5 Million

Treasury 10-Year Yields Reach Seven-Week High on Growth

Most U.S. Stocks Fall After Record Highs Amid Sales Data

Rally Matches 1990s Gains With Valuations 28% Lower