Dealmaking

AOL Energy Week In Review

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It was a nervous week in the energy business, reflecting uncertainty in the world at large.

Companies and individuals braced themselves for a potential technical default by the US federal government and downgrading of its debt amid continued political intransigence. Constrained access to credit and slowed economy were talked about as the best likely outcome by energy executives, with many hesitant to discuss the potential turmoil if hedging or other basic financial transactions were hindered. Keep reading →

 /  Published July 29, 2011 at 4:05 PM

Q2 results: @DTE_Energy announces net income of $200 million compared with $87mn in Q2 2010 — http://bit.ly/o71HoE

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Q2 results: @DTE_Energy announces net income of $200 million compared with $87mn in Q2 2010 — http://bit.ly/o71HoE @Aolenergy

 /  Published July 29, 2011 at 10:00 AM

Podcast: The Future Of Retrofits

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In tight economic times, energy firms are helping customers find creative ways to pay for installations that can save them money over the long run.

Metrus Energy develops and finances energy efficiency retrofits at commercial, industrial, and institutional facilities. Keep reading →

 /  Published July 29, 2011 at 6:00 AM

A Luxuriously Efficient Light Bulb

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It was an unusual setting for a light bulb show.

On Tuesday, Home Depot showcased its energy efficient light bulbs–including high-efficiency incandescent bulbs, compact florescent light bulbs (CFL’s) and light-emitting diodes (LED’s)–in the penthouse suite of the luxury hotel Setai Fifth Avenue. Bedrooms, bathrooms and kitchen were illuminated by the various kinds of bulbs, with employees from various major lighting groups, including CREE, Philips, Lighting Science Group, Lutron Electronics, and TCP, explaining just how much energy could be saved from their lighting devices. Keep reading →

 /  Published July 28, 2011 at 6:00 AM

Southern Credits Industrial Sector In First Half

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If electricity use is any sign, the American economy is slowly recovering, says CEO of massive generating firm Southern Company Thomas Fanning.

The process though won’t happen overnight, he said. Keep reading →

 /  Published July 28, 2011 at 6:00 AM

Looming Debt ‘Armageddon’ Roils Energy Sector

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Crimped credit availability and a delayed economic recovery are being treated as certainties by many energy firms as the prospect of a potential default by the US federal government or a downgrade of its debt continue to dominate political and business news.

“The electric power industry is probably the most capital-intensive in the US,” Steptoe Johnson lawyer Dave Raskin told Breaking Energy. “That means anything that increases the cost of borrowing or complicates the debt markets worries the industry and makes it harder for them to build needed infrastructure.” Keep reading →

 /  Published July 27, 2011 at 2:45 PM

Brazilian Behomoth Targets Top Five Energy Firms

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Brazilian energy giant Petrobras plans to spend almost $107,000 a minute over the next four years as part of its immense and recently expanded $224.7 billion spending plan.

Petrobras will execute its first asset sale program and take on substantial debt to fund its 2011-2015 business plan, which will cost nearly $154 million each day, much of that planned for spending on exploration and production. Keep reading →

 /  Published July 26, 2011 at 3:00 PM

Europeans Join Atlantic Wind Effort

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The addition of Belgian transmission company Elia to investors in the proposed Atlantic Wind Connection undersea grid is a significant endorsement for the project, the project’s principal Bob Mitchell said.

Atlantic Wind Connection, which wants to build a 350-mile submarine cable between Virginia and New Jersey to transmit power from offshore wind farms to the onshore grid, said on Friday that Elia would take a 10 percent equity stake in the venture. The announcement was official confirmation of involvement by the Belgian company, which has extensive experience in the European offshore wind industry. Keep reading →

 /  Published July 25, 2011 at 6:00 AM

Emerging Giant: Kinder Morgan Reports

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Natural gas assets and terminal ownership drove growth at one of the US’ emerging energy infrastructure giants.

Years of organic growth and acquisitions have lifted the already-significant Kinder Morgan Energy Partners into an increasingly central position in the US energy economy, and the firm’s exposure to the fast-growing natural gas production and distribution sectors put it at the heart of plans to grow US consumption and exports of that fuel. Keep reading →

 /  Published July 21, 2011 at 11:00 AM

The Case For Master Limited Partnerships

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REFF Wall Street 2011 Conference was held recently in NY and brought together industry experts to discuss the challenges facing the renewable energy sector.

Conferences attendees were primarily focused on dealing with natural gas pricing impact on the renewable energy sector and the prospects for financing of renewable projects once the 1603 ITC Cash Grant expires this year. The clear message coming from the conference was that the sector needs a level field with the fossil fuel industry to compete effectively. Keep reading →

 /  Published July 20, 2011 at 6:00 AM
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