Finance

After nearly two months of wooing, General Electric (GE) is finally going to get what it wants. On June 21, GE announced that the Alstom Board of Directors had chosen the GE offer to acquire the power and grid businesses over a separate offer proposed by Siemens and Mitsubishi Heavy Industries. GE said the offer […]

Siemens AG and Mitsubishi Heavy Industries Ltd. (MHI) announced on June 16 that they have submitted a proposal to Alstom, the French multinational conglomerate. The offer comes less than a week after the companies confirmed that they were considering a joint proposal and less than 2 months after General Electric (GE) made an offer to […]

While General Electric (GE) waits for the French government to approve its bid for Alstom’s power and grid divisions, other companies are using the time to consider offers of their own. On June 11, Siemens AG and Mitsubishi Heavy Industries (MHI) announced that they are joining forces to evaluate a potential proposal for Alstom. The […]

A report released this week by Moody’s Investors Service provides an interesting analysis of two companies knee-deep in nuclear plant construction projects. The peer comparison takes a look at Georgia Power Co.—a Southern Co. subsidiary—and South Carolina Electric & Gas Co. (SCE&G)—a SCANA Corp. subsidiary. Georgia Power is adding two new units to its Alvin […]

The Department of Energy’s (DOE’s) loan programs have made more than $30 billion in loans and loan guarantees, but it has not fully developed or consistently stuck to loan monitoring policies, an official from the Government Accountability Office testified before a House subcommittee on May 30.  Congress authorized the Loan Guarantee Program (LGP) in 2005 […]

All power plants must continually strive to control operating expenses, but it is particularly important for coal-fired facilities to cut costs these days to stay competitive while meeting ever-more-stringent

After years of dithering on energy policy, the UK government has nearly finalized its plans for electricity market reform. Guaranteed prices for low-carbon power, plus a carbon floor price to discourage the

Netherlands to Ban Financing of Coal Plants Abroad. The Netherlands on Mar. 24 joined an initiative of the U.S., the UK, Denmark, Finland, Iceland, Norway, and Sweden to reach a global climate change agreement

Exelon Corp. and Pepco Holdings Inc. announced on April 30 that they have reached an agreement to combine the two companies. Assuming all approvals are received, Exelon will acquire Pepco in an all-cash deal valued at $6.83 billion, which represents a 24.7% premium to the volume-weighted average share price over the last 20 trading days […]

Energy Future Holdings Corp. (EFH)—the Dallas-based holding company whose portfolio includes Luminant and TXU Energy—filed for Chapter 11 bankruptcy protection today. With support of key financial stakeholders, the company reached an agreement on a restructuring plan that it says will reduce debt, lower annual interest costs, allow access to additional capital, and create a sustainable […]