The Xcel Energy Inc. (NYSE: XEL) board of directors today raised the quarterly dividend on the company's common stock from 27 cents per share to 28 cents per share, which is equivalent to an annual rate of $1.12 per share.
Grid Operations
| May 21 - McClatchy-Tribune Regional News - Denise A. Raymo The Press-Republican, Plattsburgh, N.Y.
Northline Utilities of AuSable Forks won a $2.13 million contract to relocate an electrical-transmission line to Alcoa property as part of a $600 million plant upgrade.
Rejecting Gov. Pat Quinn's plea to not increase power rates to help improve some of the state's electrical grid, the Illinois senate voted to override his veto of a bill that bulks up the revenue Commonwealth Edison will receive as it modernizes the electrical grid.
Los Alamos National Laboratory Director Charlie McMillan told a gathering of energy executives today that securing the electrical grid is a major concern now and it's only becoming more serious.
Policy, Regulatory & Legal
| May 21 - McClatchy-Tribune Regional News - Cris Ritchie The Hazard Herald, Ky.
Only a handful of people, many of whom were either members of the news media or employees of Kentucky Power or the Public Service Commission, attended a hearing last week on a proposal to replace 700 megawatts of generating capacity at the Big Sandy power plant in Lawrence County.
The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today declared the regular quarterly dividend of $0.3951 per share on the outstanding shares of the company's common stock, payable June 15, 2013, to shareholders of record at the close of business June 1, 2013.
The Park District of Highland Park has been awarded $25,997 from the Illinois Clean Energy Foundation to cover 30 percent of an environmentally friendly geothermal heating and cooling system at the Rosewood Beach interpretive center.
Policy, Regulatory & Legal
| May 21 - McClatchy-Tribune Regional News - Ivan Penn Tampa Bay Times, St. Petersburg, Fla.
A St. Petersburg lawmaker wants the Florida Public Service Commission to study the cost of the proposed Levy County nuclear plant compared to a natural gas facility.
Distributed & Cogeneration
| May 21 - McClatchy-Tribune Regional News - Brian Dowling The Hartford Courant
The owner of the oil power plant at Norwalk Harbor said Tuesday that it will be closing the facility June 1 since prices in the region's energy market have been too low to justify keeping it open.
The new North Side elementary school will be the La Crosse School District's first to use an increasingly popular heating and cooling system that cuts energy costs and emissions.