MEG Energy Corp. has reported that net loss for the first quarter ended March 31, 2015 was C$508.31 million, or C$2.27 loss per share, compared to a net loss of C$103.44 million, or C$0.46 loss per share, for the same quarter ended March 31, 2014.
New Jersey Resources Corporation, or NJR, has reported that net income for the second quarter ended March 31, 2015 was $60.9 million, or $0.71 per diluted share, compared to $172.97 million, or $2.04 per diluted share, for the same quarter ended March 31, 2014.
Ormat Technologies, Inc. has announced that its wholly owned subsidiary, Orandina I S.p.A., has signed a $98.8 million engineering, procurement and construction, or EPC, contract for a geothermal project in Chile.
Fitch Ratings has assigned initial ratings, including a long-term Issuer Default Rating (IDR) of 'A', to National Rural Utilities Cooperative Finance Corp. (CFC). The Rating Outlook is Stable. A full list of ratings follows at the end of this press release.
Business & Corporate
| May 21 - McClatchy-Tribune Content Agency, LLC - Joe Mahoney The Daily Star, Oneonta, N.Y.
An average NYSEG power bill would go up by roughly $8 per month for electricity, and gas bills would jump about $10 if the company is successful in convincing state regulators it needs a $165 million annual revenue increase, the company disclosed Wednesday.
AGL Energy Limited, which is engaged in buying and selling of gas and electricity, has appointed Brett Redman as CFO leading the finance and technology group and Stephen Mikkelsen as executive general manager for energy market operations.
Duke Energy Corporation, an electric utilities company, has announced the retirement of Marc Manly as executive vice president of commercial portfolio, and Keith Trent as executive vice president of grid solutions, and president of Midwest and Florida regions, effective June 30, 2015.