Project FinanceRSS

  • October 17, 2012

    EU Approves Creation Of UK's Green Investment Bank

    The U.K.'s plan to launch a £3 billion ($4.9 billion) bank to fund clean energy received antitrust clearance from the European Commission on Wednesday, though loan recipients will have to show they couldn't get private financing for their projects.

  • October 17, 2012

    Pa. Senate OKs Use Of Mining Wastewater For Fracking

    The Pennsylvania Senate unanimously approved legislation Monday that would encourage the use of wastewater from mining operations for Marcellus Shale well development.

  • October 17, 2012

    Exxon Boosts Gas Holdings In $3.1B Celtic Exploration Buy

    Exxon Mobil Corp. will acquire Canadian gas and oil exploration company Celtic Exploration Ltd. in a $3.1 billion deal that will add hundreds of thousands of acres to Exxon's natural gas holdings, the companies announced Wednesday.

  • October 16, 2012

    InterOil Offers PNG Gas Stakes To Ease Gov't Impasse: Report

    InterOil Corp. may sell half of two of its gas fields in Papua New Guinea to the government and local residents in an effort to bust through a political stalemate that has dogged its $6 billion liquefied natural gas export project, according to media reports Tuesday.

  • October 16, 2012

    9th Circ. Upholds BPA, Alcoa Power Rate Contract

    The Ninth Circuit on Tuesday denied requests by utility cooperatives to review a contract between Bonneville Power Administration and Alcoa Inc., ruling that BPA's decision to not sell power to Alcoa at market rate was not arbitrary and capricious.

  • October 16, 2012

    Town Trash Import Ban Exposes Limits Of NY Power-Siting Law

    The boundaries of a New York state law designed to fast-track electricity projects by removing local roadblocks are being tested, with constitutional questions about the limits of the Power NY Act of 2011 arising after state regulators refused to steamroll a town law that could block a waste-to-energy plant.

  • October 16, 2012

    Indiana, Kentucky Reach Deal On $2.6B Bridge Financing

    Transportation officials in Kentucky and Indiana finalized a deal Monday to finance a long-delayed $2.6 billion venture adding two bridges over the Ohio River between the two states, clearing a final hurdle for the controversial project.

  • October 16, 2012

    Drillers Face Harder Times If Pa. Pro-Fracking Law Falls

    Pennsylvania will urge the state Supreme Court on Wednesday to overturn a ruling that key parts of a law designed to encourage natural gas drilling are unconstitutional, in a case attorneys say could make it harder for drillers and landowners looking to cash in on the state’s gas boom.

  • October 16, 2012

    Sierra Club, Others Sue Calif. In Bid To Halt Fracking

    The Sierra Club and other environmental groups on Tuesday sued California energy regulators in a bid to block any new approvals of natural gas projects that use fracking until state officials beef up their scrutiny of such wells.

  • October 16, 2012

    Texas Energy Co. Loses Bid To Condemn Land For Wind Project

    A Texas state judge on Monday blocked Lone Star Transmission Co.'s bid to construct part of a major wind power transmission line on a West Texas ranch, ruling condemnation of the land would interfere with a proposed airport.

  • October 16, 2012

    BP Upgrades Stretch North Sea Platform's Life By 10 Years

    BP PLC has added a decade to the life a North Sea platform, the energy giant said Tuesday, after it made upgrades to the site as part of a £10 billion ($16 billion) effort to cash in on oil reserves locked in waters off the U.K.'s coasts.

  • October 16, 2012

    Hyundai Heavy Wins $3.2B Saudi Power Plant Bid

    Hyundai Heavy Industries Co. has won a $3.2 billion bid to build a thermal power plant for Saudi Electricity Co., Hyundai Heavy’s latest addition to its growing roster of Middle Eastern power and energy projects, the company said Tuesday.

  • October 16, 2012

    Obama, Romney Throw Blows Over Energy, Health Care, Trade

    President Barack Obama confronted Republican presidential nominee Mitt Romney again on Tuesday in a tug-of-war over unemployment, energy policy, health care reform and trade in the second of three debates preceding the Nov. 6 presidential election.

  • October 15, 2012

    Entergy Underestimates Indian Point Corrosion Risk, Judges Told

    Computer modeling used by Entergy Corp. to gauge corrosion risk in component parts at Indian Point is not reliable enough, a nuclear engineer testifying for green groups seeking to shut down the New York nuclear facility told federal administrative judges on Monday.

  • October 15, 2012

    Sinopec, ENN Eye China Gas Venture After Failed $2B Buy

    China Petroleum and Chemical Corp., known as Sinopec, and ENN Energy Holdings Ltd. on Monday abandoned their $2.2 billion bid for China Gas Holdings Ltd. after it failed to win antitrust approval and instead entered a strategic agreement with China Gas to develop and sell liquefied petroleum gas products, the companies announced.

  • October 15, 2012

    Chicago To Audit $1.2B Morgan Stanley Parking Concession

    The city of Chicago will audit the controversial $1.15 billion deal that in 2009 handed control of its pay-to-park system to an investor group led by Morgan Stanley & Co., Mayor Rahm Emanuel said Monday.

  • October 15, 2012

    Marathon Considers Selling Portions Of Eagle Ford Play

    Marathon Oil Corp. is gearing up for a potential sale of part of its undeveloped Eagle Ford acreage across three Texas counties as part of a bid to focus on its main portions of the play, a firm spokeswoman confirmed Monday. 

  • October 15, 2012

    Green Groups Target US Over $1.2B PPL, PSE&G Power Line

    Environmental groups sued the U.S. Department of the Interior and National Park Service on Monday to block the recent approval of PPL Electric Utilities Corp. and Public Service Electric & Gas Co.'s $1.2 billion plan to construct an energy transmission line through three national parks.

  • October 15, 2012

    Calif. Court Nixes Challenge To $120M Car-Charging Deal

    A California appeals court on Friday shut down a suit alleging NRG Energy Inc. would gain an unfair monopoly on installing electric vehicle charging stations throughout the state under a $120 million settlement with government regulators stemming from California's electricity crisis of 2000 to 2001.

  • October 15, 2012

    Spectra's $500M Pipeline Plan Rips Off Shippers, Conoco Says

    ConocoPhillips Co. is opposing Spectra Energy Corp.'s $500 million plan to expand its Texas Eastern gas pipeline in Pennsylvania, telling regulators Friday that Spectra's plan to expand the line's northern leg instead of its southern leg will cost twice as much and squeeze out shippers like Conoco.