The coal-fired Cholla Power Plant in Joseph City, Ariz., will close its 260-megawatt Unit 2 by April 2016 and stop burning coal at the other APS-owned units (1 and 3) by the mid-2020s if the U.S. Environmental Protection Agency (EPA) approves a compromise proposal offered by APS, the plant's owner.
Fitch Ratings has affirmed the Issuer Default Rating (IDR) of DPL, Inc. (DPL) at 'B+' and Dayton Power & Light Company's (DP&L) IDR at 'BB+'. A full list of rating actions follows at the end of this release. The Rating Outlook is Stable.
Leidos Engineering energy experts will present on data analytics, advanced metering infrastructure (AMI) and distributed generation for educational seminars at next week's American Public Power Association's (APPA) Business and Financial Conference in Portland, Oregon, Sept. 14-17.
Fossil & Biomass
| University of California - Los Angeles, Los Angeles, CA September 10, 2014 -- Daily Bruin, provided by UWIRE, a division of Uloop via Comtex
The University of California's Task Force on Sustainable Investing recommended this week that the UC invest $1 billion over five years in companies that promote sustainability, rather than divesting from fossil fuel companies as student advocates have called for.
Business & Corporate
| Sep 11 - McClatchy-Tribune Regional News - Ted Sickinger The Oregonian, Portland, Ore.
Portland General Electric has agreed to slash a requested rate increase that would take place this January by 80 percent as a result of settlements with ratepayer groups and staff at the Oregon Public Utility Commission.
Hawaiian Electric Company, a subsidiary of Hawaiian Electric Industries (HEI) (NYSE: HE), today announced that Alan Oshima has been named president and chief executive officer of Hawaiian Electric Company, effective October 1, 2014.
| Sep 11 - McClatchy-Tribune Regional News - Osama Habib The Daily Star, Beirut, Lebanon
A Danish company has suspended all work on two electricity projects in Lebanon after the Finance Ministry withheld payments under the pretext that the contracts were amended, a representative of the firm said.