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News Breaks
March 13, 2014
06:24 EDTNRG, ED, D, DUK, NEEFERC study says small attack could cause national blackout, WSJ reports
A federal study by the Federal Energy Regulatory Commission, or FERC, concluded that a coordinated attack on the nation's three separate electric systems could cause a national blackout, reports the Wall Street Journal. According to people familiar with the research, knocking out just nine of the country's 55,000 electric-transmission substations on a summer day could cause the blackout to last for weeks, if not months. Reference Link
News For D;DUK;NEE;NRG;ED From The Last 14 Days
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August 22, 2014
07:05 EDTDUKDynegy says synergy targets include cost reductions in excess of $40M per year
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07:03 EDTDUKDuke Energy to sell Midwest generation business to Dynegy
Duke Energy (DUK) announced Dynegy (DYNIQ) will buy its non-regulated Midwest Commercial Generation Business for $2.8B in cash, which includes ownership interests in 11 power plants and Duke Energy Retail Sales. The completion of the transaction is conditioned on approval from the Federal Energy Regulatory Commission, the expiration of the waiting period under the Hart-Scott Rodino Act, and the release of certain credit support obligations. Closing is expected to occur in three to six months. As a result of this announcement, in the third quarter Duke Energy will recognize an approximate $500M pre-tax reversal of the $1.4B impairment previously recognized in 2014. Use of the proceeds is being evaluated. The transaction is expected to be accretive to shareholders by 2016. The Duke Energy Ohio and Kentucky and Duke Energy Indiana regulated utilities are not a part of the transaction. The company began the process to exit its Midwest Commercial Generation Business in February 2014.
07:01 EDTDUKDynegy to acquire assets from Duke Energy and Energy Capital Partners
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August 20, 2014
16:10 EDTDUKDuke Energy continues to make progress cleaning up Ohio River oil spill
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August 19, 2014
19:08 EDTDUKDuke Energy takes responsibility of oil spill, makes progress cleaning up river
Duke Energy made progress cleaning up an overnight spill of approximately 3,000 to 5,000 gallons of fuel oil into the Ohio River at W.C. Beckjord Station, 20 miles southeast of Cincinnati, according to the company. The company will continue cleanup operations tonight and around-the-clock. The company is working closely, on-site, with the U.S. Environmental Protection Agency, U.S. Coast Guard, Ohio Environmental Protection Agency, Kentucky Department for Environmental Protection and local agencies in response to the spill. The incident occurred shortly after 11 p.m. Monday during a fuel oil transfer at the plant on the banks of the Ohio River in New Richmond, Ohio. The company Monday night and early today quickly mobilized internal and external resources to respond to the spill, including three vessels on the river that have deployed approximately 2,000 feet of oil-containment booms to contain and help collect the oil. "We're working around the clock to rapidly and fully restore the affected section of the Ohio River and coordinating closely with local officials to make sure that drinking water continues to remain safe," said Lynn Good, president and CEO of Duke Energy. "We take responsibility for the cleanup and the well being of the communities we serve."
08:57 EDTDUKDuke Energy reports fuel oil spill into Ohio River
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August 14, 2014
07:06 EDTNRGNRG Energy to acquire Goal Zero, terms not disclosed
NRG Energy and Goal Zero have reached an agreement that will bring the rapidly growing consumer products company into the NRG family of companies. The acquisition aligns with NRG’s mission to lead the market in offering cleaner, smarter choices and sustainable lifestyle solutions to end-use energy consumers across the country. Financial terms of the transaction were not disclosed. The transaction is subject to customary closing conditions, including regulatory clearances, and is expected to be finalized in the third quarter.
August 11, 2014
14:29 EDTNRGNRG Energy reports 6.6% FuelCell stake after financing agreements
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