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CPUC Approves Contract for Biomass Repowering at Coal-fired Facility

LCG, February 5, 2010--The California Public Utilities Commission approved a power purchase agreement between PG&E and Mt. Poso Cogeneration Company, LLC for renewable energy from the Mt. Poso Cogeneration facility, located near Bakersfield, California.


Record Year for New Wind Power Installations in the U.S.

LCG, January 29, 2010--The American Wind Energy Association (AWEA) announced the U.S. wind industry set a new record by installing nearly 10,000 MW of new generating capacity last year. With the additions, the wind turbine generating capacity in the U.S. now totals over 35,000 MW.


Industry News

NRG Announces Emergence from Bankruptcy

LCG, Dec. 8, 2003--The former subsidiary of Xcel Energy Inc., NRG Energy Inc., announced that it has come out of Chapter 11 bankruptcy protection, and will raise cash, common stock and $500 million of new debt issues to be distributed to creditors.

While in bankruptcy, NRG rid itself of $6 billion worth of debt, leaving it with $510 million of corporate debt outstanding, and will have $4.4 billion of debt attached to specific projects. Xcel Energy has completely divested from its subsidiary.

NRG's unit NRG Power Marketing Inc. was also under bankruptcy protection, but announced its emergence last week. NRG Northeast Generating LLC and South Central Generation Holding LLC are expected to follow the same path once $2.2 billion worth of debt has been refinanced, according to the parent company.


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