On Thursday, Shares of Exelon Corporation (NYSE:EXC), lost -0.31% to $32.50.
Senior executives from Exelon Generation, Alstom, General Electric and Zachry were joined by community leaders from Hood County, Texas to officially break ground on the construction of a new low-carbon, combined-cycle gas turbine (CCGT) at Exelon’s Wolf Hollow Generating Station in Granbury. The new CCGT will provide an additional 1,000 megawatts to the existing 704 megawatt natural gas power plant. The new unit will be one of the most environmentally friendly and efficient CCGTs in the state and the nation, using General Electric’s most advanced gas turbine technology and an air cooling system, eliminating the use of water to cool the unit.
Construction of the new unit is a part of Exelon Generation’s ongoing growth strategy and will allow the company to offer more low-carbon electricity to the growing Texas market. The new unit at Wolf Hollow is one of two new CCGTs the company is developing in Texas. The other 1,000 megawatt CCGT will be constructed at Exelon’s existing Colorado Bend Generating Station in Wharton, Texas, which is about 60 miles outside of Houston. Both units are predictable to achieve commercial operation in 2017.
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
Finally, Cavium Inc (NASDAQ:CAVM), ended its last trade with -2.63% loss, and closed at $62.95.
Cavium, planned its second quarter 2015 financial results conference call for 2:00 p.m. Pacific Time on Wednesday, July 29th, 2015. Cavium will release the company’s second quarter financial results about one hour preceding to the conference call.
Cavium, Inc. designs, develops, and markets semiconductor processors for intelligent and secure networks in United States and internationally. It offers integrated semiconductor processors for wired and wireless networking, communications, storage, cloud, wireless, security, video, and connected home and office applications.
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