Category: News

August 18 2017

Eclipse Turning Day Into Night to Send Temperatures Tumbling

Getting ready to watch the solar eclipse? Bring a sweater along with those special glasses because the mercury could dip as the moon’s shadow crosses the land. Millions of Americans across a 70-mile-wide (113-kilometer) corridor from Oregon to South Carolina will see the sky darken as the sun disappears from view, albeit for only a few […]

August 18 2017

Energy Capital, Investors to Buy Calpine for $5.6 Billion

By Lynn Doan Private equity firm Energy Capital Partners and a consortium of investors has struck a deal to buy U.S. power generator Calpine Corp. for $5.6 billion in cash. Calpine investors will get $15.25 a share as part of the deal, the Houston-based company said in a statement. The investor group was led by […]

August 18 2017

What Comes of Solar Power When the Sun’s Eclipsed

By Naureen S. Malik and Mark Chediak The last time a total eclipse cast a shadow across the entirety of the U.S., from West Coast to East, was 99 years ago. Back then, the modern power grid was just getting started, and harnessing the sun’s energy on a widespread scale was little more than a notion […]

August 18 2017

Blackstone Doubles Down on Shale Boom Lasting With Harvest Deal

By Melissa Mittelman and Tim Loh Blackstone Group LP’s reach for $10 billion in energy assets is the firm’s latest bet that the U.S. shale boom is just hitting its stride. The world’s largest alternative-asset manager agreed to buy Harvest Fund Advisors for an undisclosed amount, adding the firm’s 18-member team led by Eric Conklin to […]

August 18 2017

Energy Capital Is Said to Plan $5.5 Billion Calpine Takeover

Private equity firm Energy Capital Partners has reached an agreement to buy U.S. power generator Calpine Corp. for $5.5 billion in cash, people familiar with the matter said. Energy Capital may announce the takeover as early as Friday, the people said, asking not to be identified because the information isn’t yet public. Calpine investors would […]

August 18 2017

Philippines Courts China, Japan for $135 Billion Power Push

By Cecilia Yap and Clarissa Batino The Philippines is seeking investment from China and Japan for $135 billion worth of power projects that President Rodrigo Duterte’s government is ready to fast-track. The Southeast Asian nation has held discussions with China, Japan, Russia and other countries about helping it boost generation capacity by 43 gigawatts in the […]

August 18 2017

How a Harley-Riding Ex-Ally of Villains Is Leading a Nuke Revolt

By Tsuyoshi Inajima and Emi Urabe In the basement of a three-story house in a leafy neighborhood in Tokyo, about 40 lawyers crowded together, plotting against Japan’s massive nuclear power industry. The host was 73-year-old Hiroyuki Kawai, one of Japan’s most colorful litigators. The end game? To close all of the country’s 42 reactors for […]

August 17 2017

GE and Tesla to Outfit 50 Home Depot Stores With Solar Panels

General Electric Co.’s Current unit and Tesla Inc. will install solar systems on 50 Home Depot Inc. stores and sell the power output to the retailer. The solar rooftops will generate enough electricity to reduce each store’s demand from local utility grids by about one third, Atlanta-based Home Depot said in a statement Thursday. It’s […]

August 17 2017

The Gas Tankers Lurking at Sea Looking for a Better Deal

By Anna Shiryaevskaya When the tanker Provalys left Louisiana for Chile last month with a full load of U.S. liquefied natural gas, it sailed around South America instead of taking a shortcut through the expanded Panama Canal. Not only may the route be cheaper without canal transit fees, but advances in technology mean less of […]

August 17 2017

Dyson’s Aston Martin Hire Fuels Speculation on Electric-Car Push

By Thomas Seal and Alex Webb Home appliances maker Dyson Ltd. has recruited its second Aston Martin Lagonda Ltd. executive in a year, making it the latest hire to fuel speculation that the company is building an electric vehicle. After 22 years at the firm, the luxury carmaker’s director of purchasing, David Wyer, will become […]