Energies

Lack of Upside Momentum Prompts Selling; September Weakens

Traders noted that the decline Wednesday in natural gas futures fit into an overall trading pattern of tumbling energies with crude oil falling nearly $2/bbl., gasoline diving more than 10 cents/gallon and heating oil shedding more than 7 cents/gallon. At the close September futures had skidded 6.5 cents to $4.090 and October was down 5.4 cents to $4.102. September crude oil swan-dived $1.86 to $91.93/bbl.

August 4, 2011

BP Poised to Invest Billions On Alternative Energy, Renewables

BP last week said that it plans to double its investment in alternative and renewable energies to create a new low-carbon power business with the growth potential to deliver revenues of around $6 billion a year within the next decade.

December 5, 2005

Oil-Natural Gas Price Increase Gap Could Force Switching, Analyst Says

While prices for all of the energies have been on the rise for the past year, the price increases in natural gas and crude oil have not been proportionate, a departure from the norm, according to a new Merrill Lynch study.

August 31, 2005

Exelon Buys Remaining Interest in Sithe’s 4,400 MW of NE Generation

Exelon Generation Co. LLC is buying the other half of Sithe New England Holdings LLC from Sithe Energies, Inc. for a $543 million note, plus the assumption of $1.15 billion of project debt. Exelon currently owns 49.9% of the company, which operates 4,400 MW of generation produced by seven gas or gas and oil fired power plants in New England.

July 1, 2002

PECO Picks Up Sithe, Improves Northeast Presence

Following through on its intention to sell the company, independent power producer Sithe Energies last week sold 49.9% of its North American businesses to Philadelphia-based PECO Energy Co. for $682 million, with an option by PECO to purchase the rest of the company within five years.

August 21, 2000

PECO Picks Up Sithe, Improves Northeast Presence

Following through on its intention to sell the company,independent power producer Sithe Energies yesterday sold 49.9% ofits North American businesses to Philadelphia-based PECO Energy Co.for $682 million, with an option by PECO to purchase the rest ofthe company within five years.

August 15, 2000

Reliant Buying 21 Sithe Power Plants

The deal advances Houston-based Reliant’s strategy of owning generationin key U.S. regions where it can leverage its trading and marketing. Withthe Sithe PJM assets, Reliant will have total net domestic generating capacityof more than 23,000 MW operating in seven states.

February 28, 2000

Reliant Buys Into PJM Power

Reliant Energy agreed to pay Sithe Energies $2.1 billion in cashfor 21 power plants in Pennsylvania, New Jersey and Maryland (PJM)with 4,276 MW of net generating capacity.

February 23, 2000

Sithe, Cabot in $4 Billion LNG Supply Deal

Sithe Energies Inc. and Cabot LNG Corp., a wholly ownedsubsidiary of Cabot Corp., made a 20-year gas sales and purchaseagreement valued at more than $4 billion. Cabot LNG subsidiaryDistrigas of Massachusetts will be the principal supplier of gas tofuel Sithe’s Mystic Station, a 1,600-megawatt generating plant inEverett, MA.

January 25, 2000

Xcel Energy Marriage Gets FERC Nod

New Century Energies Inc. (NCE) of Denver and Minneapolis-basedNorthern States Power (NSP), two mid-sized combination utilities,got the go-ahead from FERC last week for their marriage that willcover a wide swath of the natural gas and electricity markets inthe Midwest and Southwest. The $4.8 billion merger will create the8th largest utility in the nation, serving more than 4.5 millionnatural gas and power customers in 12 states from Canada to Mexico.

January 17, 2000
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