Utilities

Biden Administration to Provide $1.5 Billion Loan to Reopen Michigan Nuclear Power Plant, a First in the US

Officials in southwestern Michigan has announced that a nuclear power plant will be revived with a $1.5 billion loan from the Biden administration.


Godfreys: Leading Australian Vacuum Retailer Set to Close Doors for Good in May

Godfreys will permanently close stores after administrators failed to secure a buyer for the financially troubled company...

Texas' Largest Wildfire Caused by Power Line Ignition, Authorities Confirm

Xcel Energy admitted that its power lines ignited the Smokehouse Creek fire in the Texas Panhandle but denied negligence in infrastructure maintenance and operation...

Type One Energy to Transform Tennessee Coal Plant Into a Fusion Reactor

Type One Energy has unveiled its plan to repurpose the retired Bull Run Fossil Plant in Oak Ridge, Tennessee, into a prototype fusion reactor site...


Latest News

Nuclear power producer EDF and partner Exelon agree on future exit
EDF and partner Exelon agreed on a future exit from the US nuclear market.
Citi ventures into social enterprise with loan facility for Kickstart
Citi Commercial Bank along with City Microfinance shelled out US $2 million in financing in favor of social enterprise Kickstart International.
Independence Realty Trust Inc launches public offering
Today, Independence Realty Trust Inc has announced commencing a public offering of its 4,000,000 shares of common stock listed on the New York Stock Exchange.
Politics may impact on Chevron’s US $1.24 bln energy deal with Argentina
The US $1.24 billion between Chevron Corp. and Argentina government's YPF may be turning point in the country's protectionist policy but it comes with an underlying political danger.
Frontenac invests in Ohio Transmission Corp
Ohio Transmission partners with private investor Frontenac Company.
Pembina Corporation secures US $250 mln in public offering
Pembina Pipeline Corp. has offered 10,000,000 cumulative redeemable rate reset class A preferred shares during a public offering, which raised US $250 million.
Malaysian energy and water firm Ranhill cancels IPO, to return funds collected from investors
Malaysia's Ranhill Energy and Resources is set to return the US $234 million funds it was able to raise following the IPO's cancellation.
WP Carey to expand its property holding through acquisition of CPA 16
WP Carey announced that they are set to acquire Corporate Property Associates 16-Global Inc.
CBS set to buyback US$5.1 billion worth of stocks
Media leader, CBS Corp, said that they are set to buyback US$5.1 billion worth of shares
United Petroleum opens doors for possible sale
United Petroleum announced that they are considering offers for possible acquisition or joint venture deals.
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