On Thursday, AES Corp (NYSE:AES)’s shares declined -0.81% to $13.53.
AES Distributed Energy, a partner of The AES Corp (AES), declared the commissioning of a 4 megawatt (MW) solar PV project located in the town of Dublin, in the County of Laurens, Georgia. This system is the first of two solar PV projects being developed by AES Distributed Energy and its partners, collectively predictable to supply 20 MW to the Georgia Power utility grid. The second, 16 MW project, is under development and is predictable to be operational in the first half of 2016.
Georgia Power, a partner of Southern Company, will purchase 100% of the energy production from both projects from AES Distributed Energy following 20-year Power Purchase Agreements (PPAs). These projects will be among the first utility-scale solar installations for Georgia Power. Their development rights were awarded as part of the 2013 Georgia Power Advanced Solar Initiative (GPASI) solicitation for 60 MW of utility-scale solar generation.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market. It uses a range of fuels to generate electricity, counting natural gas, coal, hydro, wind, energy storage, oil, diesel, petroleum coke, biomass, landfill gas, and solar.
Noble Energy, Inc. (NYSE:NBL)’s shares gained 0.45% to $44.93.
Noble Energy, Inc. (NBL) will host its second quarter 2015 earnings webcast and conference call at 9:00 a.m., Central Time, Monday August 3, 2015. The Company plans to issue its financial and operating results prior to the market opening on the same day.
Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, and production of crude oil, natural gas, and natural gas liquids worldwide. Its principal projects are located in onshore DJ Basin and Marcellus Shale, the United States; the deepwater Gulf of Mexico; offshore West Africa; and offshore Eastern Mediterranean. As of December 31, 2014, the company had about 1,404 million barrels oil equivalent of total proved reserves.
At the end of Thursday’s trade, Teekay Tankers Ltd. (NYSE:TNK)‘s shares dipped -7.17% to $6.86.
Teekay Tankers Ltd. (TNK) declared that Peter Evensen, Teekay Corporation’s (TK) President and Chief Executive Officer, has rejoined Teekay Tankers’ Board of Directors. Mr. Evensen formerly served as a Director of Teekay Tankers from October 2007 to June 2013.
Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. As of December 31, 2014, it owned 27 double-hulled conventional oil tankers, time-chartered in 8 Aframax tankers, and 4 long range 2 product tankers from third parties; and owned a 50% interest in 1 very large crude carrier. The company was founded in 2007 and is headquartered in Hamilton, Bermuda.
Public Service Enterprise Group Inc. (NYSE:PEG), ended its Thursday’s trading session with -1.19% loss, and closed at $39.14.
Public Service Enterprise Group Inc. (PEG) through its wholly-owned subsidiary PSEG Fossil, has acquired the 755-MW Keys Energy Center project from Genesis Power, LLC and an energy-focused private equity fund managed by Ares EIF Management, LLC. PSEG Power plans to rename the facility the PSEG Keys Energy Center (KEC).
PSEG Power – an independent power producer and partner of PSEG – anticipates to start construction of the natural gas-fired, combined-cycle plant in 2015. The plant, which represents an investment of $825 - $875 million, is targeted to be accomplished and supplying needed capacity and energy to the state of Maryland and region in 2018. The project was bid into and cleared the PJM capacity auction in May 2014.
PSEG Fossil will oversee construction, operate and maintain the combined-cycle plant. SNC - Lavalin Constructors Inc. is the designated engineering, procurement and construction contractor. The combined-cycle plant will use state-of-the-art generating technology, counting a full complement of emissions controls and run on clean, efficient natural gas. The plant will generate about 700 jobs during the two-year construction phase. More than 20 permanent jobs will be created to run the new plant once it becomes operational.
Public Service Enterprise Group Incorporated, through its auxiliaries, operates as an energy company primarily in the northeastern and Mid Atlantic United States. The company operates nuclear, coal, gas, oil-fired, and renewable generation facilities with a generation capacity of about 13,146 megawatts. It sells electricity, natural gas, emissions credits, and a series of energy-related products that are used to optimize the operation of the energy grid.
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