Hoisted somewhat on the petard of its own success and a shrinking merchant power market nationally, San Diego, CA-based Sempra Energy and its two principal utility subsidiaries had their credit ratings downgraded Wednesday by Standard & Poor’s, reflecting Sempra’s increased earnings from the nonutility businesses, particularly energy trading.
Invest
Articles from Invest
Energy Companies Need to Invest in Image-Building
The new merchant gas and power companies, getting battered in the public arena as they move into new operating areas across the country, are going to have to heavy-up their public relations operations to ward off reactive laws and regulations restricting the competitive market.
PECO Plans $200M in Power, Gas System Improvements
PECO Energy, a subsidiary of Exelon Corp., plans to invest more than $200 million in capital projects in both its electric and gas systems this year in what the company said was a “strategic investment” to ensure service reliability for customers.
Energy Companies Need to Invest in Image-Building
The new merchant gas and power companies, getting battered in the public arena as they move into new operating areas across the country, are going to have to heavy-up their public relations operations to ward off reactive laws and regulations restricting the competitive market.
TranCanada Plans to Invest $10B in Generation
Far from satisfied with the relatively meager returns in the gas pipeline business, TransCanada PipeLines CEO Hal Kvisle said his company plans to spend about $10 billion over the next five years on power generation projects.
TranCanada Plans to Invest $10B in Generation
Far from satisfied with the relatively meager returns in the gas pipeline business, TransCanada PipeLines CEO Hal Kvisle said his company plans to spend about $10 billion over the next five years on power generation projects.
Report: Arctic Development Needs Ottawa Investment
The Ottawa government needs to invest at least C$100 million in the Arctic to jump start economic development there, according to a report released last week by the National Round Table on the Environment and the Economy. Aside from additional investments in infrastructure or the proposed natural gas pipeline, the report noted money is needed now to improve the regulatory and investment climate in the region.
Report: Arctic Development Needs Ottawa Investment
The Ottawa government needs to invest at least C$100 million in the Arctic to jump start economic development there, according to a report released Monday by the National Round Table on the Environment and the Economy. Aside from additional investments in infrastructure or the proposed natural gas pipeline, the report noted money is needed now to improve the regulatory and investment climate in the region.
DukeSolutions Grabs Waste Management Facilities
DukeSolutions is hauling in eight independent power facilitiesfor $81 million from Houston-based Waste Management Inc., and hasplans to invest another $20 million into the cogeneration andrenewable energy facilities in California, Pennsylvania, Maine andFlorida. Together, the facilities generate 244 MW and revenues overthe next 15 years could exceed $1 billion.
Williams, Dynegy Join Internet Trading Bandwagon
The proliferation of energy trading Internet sites continuedlast week with Dynegy and Williams teaming up to invest $25 millioneach for a minority equity stake in eSpeed Inc., an interactiveelectronic marketplace engine for business-to-business (B2B)e-commerce. It’s another sign the energy industry’s migration toe-commerce is speeding toward an eventual shake-out. Right now,players are beginning to place their bets on who the winners maybe.