Hugh Wynne News
-
Edison Mission Energy, the unregulated generating unit of Edison International, filed for bankruptcy and said it reached agreement on a reorganization plan with its parent and holders of its $3.7 billion in debt.
-
The Omaha Public Power District will delay restart of the 482-megawatt Fort Calhoun reactor in Nebraska until the first quarter after “discovering areas that need additional work,” said Jeff Hanson, a utility spokesman.
-
Edison International, owner of California’s second-largest electric utility, is “compelling” for investors seeking under-valued companies, Sanford C. Bernstein & Co.’s Hugh Wynne said.
-
The future of President Barack Obama ’s plans to redesign the U.S. energy system with low- emission nuclear plants may hinge on reactors across the Pacific Ocean as Japan’s nuclear disaster renews a debate about the safety of plants.
-
American Electric Power Co. may sell its Kentucky Power utility if state regulators don’t approve a customer rate increase to help pay for added environmental costs.
-
Duke Energy Inc. faces a divided board, alienated regulators and demoralized employees as state officials investigate management upheaval following its $17.8 billion takeover of Progress Energy Inc.
-
U.S. regulators proposed a rule that would require sponsors of asset-backed securities to retain at least 5 percent of the credit risk of the assets underlying the securities.
-
Progress Energy Inc. Chief Executive Officer Bill Johnson was a ‘terrific communicator’ and not the autocrat Duke Energy Corp. CEO James Rogers described in a hearing on why Johnson was ousted from the combined company’s leadership, former Progress Energy director John Mullin III said.
-
U.S. plans to upgrade the nation’s aging pipeline networks, which may cost an estimated $50 billion, will provide profit growth opportunities at regulated utilities such as PG&E Corp. and Sempra Energy.
-
President Barack Obama’s proposed carbon-dioxide rules for power plants effectively prohibit new coal power plants, buttressing a shift away from a power source that fueled the Industrial Revolution to cheap natural gas.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page