Republican gubernatorial candidate Ken Cuccinelli sketched a wide-ranging energy policy for Virginia Thursday that was short on specifics but long on the idea that less regulation and continued reliance on coal are central to the economic success of the commonwealth.
Labor and business leaders are praising the Washington state Legislature and Gov. Jay Inslee for the passage of Senate Bill 5297, which was signed into law by Inslee last week, and becomes effective this July.
Business & Corporate
| May 16 - McClatchy-Tribune Regional News - E. Scott Reckard Los Angeles Times
Fresh off its first profitable quarter, Tesla Motors Inc. plans to raise about $830 million in a stock and debt offering that will enable the electric car maker to pay off its $465-million federal loan.
The Public Utility Commission of Texas (PUCT) unanimously approved May 9 an application by Electric Transmission Texas, LLC (ETT) for a Certificate of Convenience and Necessity (CCN) to build a 345-kV transmission line from the Laredo area into the Rio Grande Valley.
Energy Transfer Partners, L.P. (NYSE: ETP) today announced it has commenced exchange offers to exchange any and all of the 7.60% Senior Notes due 2024 (CUSIP 844030AA4), 8.25% Senior Notes due 2029 (CUSIP 844030AC0) (collectively, the "Existing Senior Notes") and Junior Subordinated Notes due 2066 (CUSIP 844030AH9) (together with the Existing Senior Notes, the "Existing Notes") issued by Southern Union Company ("Southern Union") for ETP's new 7.60% Senior Notes due 2024, 8.25% Senior Notes due 2029 (collectively, the "New Senior Notes") and Floating Rate Junior Subordinated Notes due 2066 (the "New Junior Subordinated Notes" and, together with the New Senior Notes, the "New Notes"), respectively, each with registration rights (collectively, the "Exchange Offers").
| May 16 - McClatchy-Tribune Regional News - Andrew Doughman Las Vegas Sun
Former Nevada Attorney General Frankie Sue Del Papa is leading a coalition to defeat a major piece of energy legislation pushed by NV Energy that would create a 10-year plan to divest from coal and launch a massive project to build natural gas and renewable energy plants instead.
The Agriculture Energy Coalition today thanked Reps. Timothy Walz (D-Minn.), Cheri Bustos (D-Ill.), Ann Kuster, (D-N.H.), William Enyart (D-Ill.) and Mike McIntyre (D-N.C.) for introducing an amendment during the House Agriculture Committee's markup of legislation to reauthorize the Farm Bill that would provide robust mandatory funding for renewable energy and energy efficiency programs. Unfortunately the amendment was not adopted.
| SHANGHAI, May 16, 2013 -- SinoCast Daily Business Beat
Shanghai Taisheng Wind Power Equipment Co., Ltd. announces that it plans to take over 51 percent equities in Nantong Blue Island Offshore Co., Ltd. so as to build a 3-10MW offshore wind turbine tower manufacturing base.
The Army Corps of Engineers is a big step closer to resuming work on the Lower Monongahela's crumbling locks and dams after a U.S. Senate vote Wednesday reauthorizing up to $12.5 billion in water projects over the next decade.
The Westar Energy, Inc. (NYSE:WR) Board of Directors today declared a quarterly dividend of 34 cents per share payable Jul. 1, 2013, on the company's common stock. The dividends are payable to shareholders of record as of Jun. 7, 2013.