Fitch Ratings has affirmed the existing Issuer Default Ratings (IDR) and instrument ratings of Duke Energy Corp. (DUK) and its subsidiaries. Fitch has also withdrawn the commercial paper ratings of Duke Energy Progress, LLC (DEP) and Duke Energy Florida, LLC (DEF).
| DULUTH, Minn., Jun 18, 2013 -- BUSINESS WIRE
Minnesota Power, a division of ALLETE Inc. (NYSE: ALE), said today it expects to have its largest hydro station, which has been out of commission due to flooding one year ago, partially back in operation by the end of this year and fully restored in 2014.
West Penn Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), continues to conduct vegetation management work across its 24-county service area in Pennsylvania as part of its ongoing efforts to help enhance system reliability.
The board of directors of Sempra Energy (NYSE:SRE) today declared a quarterly dividend of $0.63 per share of common stock. The current dividend is payable July 15, 2013, to shareholders of record on June 28, 2013.
The Agriculture Energy Coalition (AgEC) today thanked Reps. Bruce Braley (D-Iowa), Marcy Kaptur (D-Ohio), Cheri Bustos (D-Ill.), William Enyart (D-Ill.), Tulsi Gabbard (D-Hawaii), David Loebsack (D-Iowa), Scott Peters (D-Calif.) and Frederica Wilson (D-Fla.) for an amendment to the House Farm Bill that would provide more than $1 billion in mandatory funding over the next five years for renewable energy and energy efficiency programs and extend eligibility to renewable chemicals in Energy Title programs.
A subsidiary to the parent company of DPL Inc. is making an approximately $20 million investment in the Dayton area, building a battery array at a local generating station to stabilize power service to the region and beyond.
ComEd today announced it will host three open houses in July to seek input from the public regarding the utility's proposed Grand Prairie Gateway Project, a new 345,000 volt (345kV) electric transmission line to be constructed between ComEd's existing substations near the communities of Byron and Wayne.
First Solar, Inc. (Nasdaq: FSLR) ("First Solar") today announced the closing of an underwritten public offering of 9,747,000 shares of its common stock, including 1,247,000 shares issued and sold as a result of the exercise of substantially all of the underwriters' over-allotment option on June 17, 2013, at a public offering price of $46.00 per share.
Entrepreneurs and small business operators often approach electricity contracting for their businesses the way they do for their homes. That can be a costly mistake, particularly in competitive areas of the state.
The U.S. Nuclear Regulatory Commission is calling out officials at the PPL Susquehanna Steam nuclear power plant in Salem Township for not reporting that employees in highly skilled positions have medical conditions that could potentially impact their jobs.