International Business News - NRG http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Months after a coal-gasification plant obtained a crucial air permit, Duke Energy Corp.'s chief executive likened the $2.35 billion plant to an "Apollo project for energy" Monday during a ceremony marking its unofficial start of construction. http://www.ibtimes.com/articles/20080721/duke-ind-gov-mark-start-of-work-on-plant.htm Mon, 21 Jul 2008 18:04:11 EDT The New York Power Authority is halting plans for a clean-coal facility at its Huntley plant in western New York. NYPA officials say the electricity produced by the plant would be too expensive because of the technology involved. http://www.ibtimes.com/articles/20080716/nypa-halts-plans-for-western-ny-clean-coal-plant.htm Wed, 16 Jul 2008 14:16:15 EDT The Electric Power Supply Association spent $220,000 in the first quarter lobbying on energy issues, according to a disclosure report. The trade group, which represents electricity generators such as NRG Energy Inc., AES Corp., Exelon Corp., Mirant Corp., Constellation Energy Group Inc. and Reliant Energy Inc., lobbied on issues related renewable energy, fuel diversity, climate change and tax incentives. http://www.ibtimes.com/articles/20080708/power-supply-group-spent-220k-lobbying-in-1q.htm Tue, 08 Jul 2008 13:37:28 EDT Shares of utility and power generation companies traded modestly higher Wednesday, while the broader market was mixed after government report on factory orders, which helps give a picture of how higher energy prices are affecting customer demand, showed a modest 0.6 percent gain in May, in line with expectations. http://www.ibtimes.com/articles/20080702/opening-glance-utility-companies-open-higher.htm Wed, 02 Jul 2008 10:51:06 EDT The nuclear energy industry's main trade group spent $320,000 in the first quarter to lobby the federal government, according to a recent disclosure form. http://www.ibtimes.com/articles/20080530/nuclear-energy-group-spent-320k-lobbying-in-1q.htm Fri, 30 May 2008 17:18:39 EDT Calpine Corp. on Friday rejected an unsolicited takeover bid from rival power wholesaler NRG Energy Inc. as too low, but left the window open to a possible combination. http://www.ibtimes.com/articles/20080530/calpine-rejects-nrg-offer-but-leaves-wiggle-room.htm Fri, 30 May 2008 16:53:56 EDT Ford cuts N. American production, cuts profit goal DETROIT (AP) _ Ford Motor Co. is cutting North American production of pickups and SUVs as car buyers eyeing record gas prices turn toward more fuel-efficient models. The automaker says it no longer expects to return to profitability by 2009 and didn't rule out layoffs and plant closures. http://www.ibtimes.com/articles/20080522/business-highlights.htm Thu, 22 May 2008 18:25:01 EDT Calpine Corp. on Thursday said former Chairman Kenneth Derr resigned as a director of the power company, effective immediately. Derr said he was resigning in order to focus on other business and personal matters. http://www.ibtimes.com/articles/20080522/former-chairman-resigns-from-calpine-board.htm Thu, 22 May 2008 18:24:37 EDT Among the stock activity stories for Thursday, May 22, from AP Financial News: NEW YORK (AP) _ Shares of E.W. Scripps Co. hit a fresh 52-week high Thursday as a Lehman Brothers analyst upgraded the media company, citing its planned separation as well as its programming strategy for its Food Network and HGTV television channels. http://www.ibtimes.com/articles/20080522/movers-roundup-ew-scripps-calpine.htm Thu, 22 May 2008 15:29:34 EDT Shares of power wholesaler Calpine Corp. jumped Thursday after NRG Energy Inc. offered to buy the company in a move analysts said could open up buyout chatter elsewhere in the sector. http://www.ibtimes.com/articles/20080522/calpine-surges-on-11-3-billion-nrg-buyout-offer.htm Thu, 22 May 2008 20:05:39 EDT Shares of Calpine Corp. rose in premarket trading Thursday after rival NRG Energy Inc. offered $11.3 billion in common stock to buy the merchant power producer. http://www.ibtimes.com/articles/20080522/premarket-movers-calpine-rises-on-buyout-offer.htm Thu, 22 May 2008 08:57:48 EDT Wall Street steadied itself Thursday after two sessions of steep declines, rebounding moderately as oil prices stepped back from their frenetic upward run. http://www.ibtimes.com/data/articleimgs/53068-when-the-funk-fades.jpg http://www.ibtimes.com/articles/20080522/stocks-point-to-higher-open-after-sharp-declines.htm http://www.ibtimes.com/articles/20080522/stocks-point-to-higher-open-after-sharp-declines.htm Thu, 22 May 2008 20:02:53 EDT Shares in power company Calpine Corp. jumped more than 8 percent Thursday following an all-stock offer from power wholesaler NRG Energy Inc. valued at $10.8 billion. http://www.ibtimes.com/articles/20080522/nrg-energy-offers-11-3b-for-troubled-calpine.htm Thu, 22 May 2008 18:42:45 EDT Hoping to double its electricity capacity, power wholesaler NRG Energy Inc. has offered to buy hobbled rival Calpine Corp. for about $11.3 billion in stock. http://www.ibtimes.com/articles/20080521/nrg-energy-offers-11-3b-for-troubled-calpine.htm Wed, 21 May 2008 21:51:23 EDT NRG Energy Inc. has offered to buy Calpine Corp. at a premium, a major Calpine shareholder said Wednesday. In a letter to Calpine's board, Harbinger Capital, which owns 24 percent of the company, said Calpine should publicly release the details of the offer. http://www.ibtimes.com/articles/20080521/shareholder-nrg-offered-to-buy-calpine.htm Wed, 21 May 2008 18:09:21 EDT Shares of utility companies fell Tuesday as the broader market opened lower after oil prices spiked to a new record and a government report raised investors' concerns about inflation. http://www.ibtimes.com/articles/20080520/opening-glance-utilities-open-mostly-lower.htm Tue, 20 May 2008 10:06:11 EDT A Credit Suisse analyst upgraded three utilities, and downgraded one, Tuesday in a wide-ranging analysis of the power sector that forecasts many companies will post an earnings jump of about 10 percent after 2010. http://www.ibtimes.com/articles/20080520/ahead-of-the-bell-power-utilities.htm Tue, 20 May 2008 07:54:20 EDT Among the earnings stories for Thursday, May 1, from AP Financial News: PARSIPPANY, N.J. (AP)_ Hotel operator Wyndham Worldwide Corp. said Thursday its first-quarter profit dropped 51 percent on legacy and rebranding charges, but adjusted results surpassed analysts' estimates. http://www.ibtimes.com/articles/20080501/earnings-roundup-wyndham-worldwide-elizabeth-arden.htm Thu, 01 May 2008 10:48:16 EDT Moody's Investors Service raised its outlook on NRG Energy Inc. to stable from negative, citing anticipated stable cash flow. The revised outlook also accounts for the "execution of a more balanced capital allocation program, and the continued use of joint ventures and other arrangements which mitigate risk and lower future capital expenditure requirements," Moody's Senior Credit Officer A.J. Sabatelle said in a statement late Monday. http://www.ibtimes.com/articles/20080429/moodys-raises-its-outlook-on-nrg-energy-to-stable.htm Tue, 29 Apr 2008 06:59:16 EDT The executive vice president and chief operating officer of power producer NRG Energy Inc. exercised options for 100,000 shares of common stock, according to a filing with the Securities and Exchange Commission. http://www.ibtimes.com/articles/20080425/nrg-energy-chief-operating-officer-exercises-options.htm Fri, 25 Apr 2008 15:24:33 EDT