News
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A second effort is afoot by Rep. Nick Rahall to rein in the Environmental Protection Agency in its zeal to regulate coal mine production, a move hailed by an industry leader in West Virginia as "a great piece of legislation."
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Tata POWER and CLEAN ENERGY as well as the IFC InfraVentures Foundation have begun work on several hydro electricity generation projects in Georgia.
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Upsolar, a leading international provider of solar PV modules, today announced the completion of a 1.5 MW solar electric system in Kozani, capital of the West Macedonia region in Greece. This marks the first installation in the region completed by Upsolar's Project Development Department.
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Lawmakers plan to take up a compromise bill Tuesday that could lower energy costs by investing in increased efficiency and helping to pay for heating systems that burn less expensive fuels.
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A Tampa Bay area lawmaker on Monday urged Agriculture Commissioner Adam Putnam to conduct a study of the proposed Levy County nuclear plant to ensure consumers were getting a good deal.
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A natural gas-fired power plant planned for Oregon will be a boon for the city and surrounding area, a succession of officials said at a public hearing last week.
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UIL Holdings Corporation (NYSE: UIL) announced that its Board of Directors declared a quarterly dividend of $0.432 per share on its Common Stock at today's Board meeting. This dividend is payable July 1, 2013 to shareowners of record at the close of business on June 17, 2013.
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Fitch Ratings has assigned an 'A+' rating to Public Service Electric and Gas Company's (PSE&G) $500 million issuance of medium-term notes (MTNs). The settlement date was May 10, 2013.
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The AES Corporation (NYSE: AES) previously announced, on May 9, 2013, the early results of its tender offers to purchase (each offer a "Tender Offer" and collectively, the "Tender Offers") for cash, subject to certain terms and conditions, its outstanding 7.75% Senior Notes due 2014 (the "2014 Notes"), 7.75% Senior Notes due 2015 (the "2015 Notes"), 9.75% Senior Notes due 2016 (the "2016 Notes") and 8.00% Senior Notes due 2017 (the "2017 Notes" and, together with the 2014 Notes, the 2015 Notes and the 2016 Notes, the "Securities"). AES announced today that it increased the maximum aggregate principal amount of the 2015 Notes, 2016 Notes and 2017 Notes (collectively, the "Capped Securities") that may be purchased pursuant to the Tender Offers from $300,000,000 for the Capped Securities, to $660,174,000 for the Capped Securities (the "Capped Securities Tender Cap Amount"). The principal amount of each series of Capped Securities that may be purchased pursuant to the Tender Offers will not exceed the applicable maximum tender amount set forth in the table below (with respect to each series of Capped Securities, the "Series Maximum Tender Amount"), which in each case has been increased from a previously announced Series Maximum Tender Amount of $100,000,000. Because of the change in the Series Maximum Tender Amounts, the expiration date of the Tender Offers for the Capped Securities will be extended, and such Tender Offers are now scheduled to expire at 11:59 p.m., New York City time, on May 28, 2013. The Tender Offer for the 2014 Notes, however, is still scheduled to expire at 11:59 p.m., New York City time, on May 22, 2013. As previously announced, all tendered Securities cannot be withdrawn after the Withdrawal Deadline, which was 5:00 p.m., New York City time, on May 8, 2013. AES expects the Early Settlement Date for Securities tendered at or prior to the Early Tender Date and accepted for payment to occur on May 17, 2013, but such date may change at AES's option and is subject to all conditions to the Tender Offers having been satisfied or waived by AES.
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For each degree lowered on a thermostat in the winter, energy consumers can see a monthly savings rate of 2 to 3 percent.
