News
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KCP&L Announces Successful Completion of Testing at New Iatan 2, Coal-fired Unit
LCG, August 27, 2010--Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (formerly Aquila) yesterday announced that the new Iatan 2, electric generating facility completed in-service testing. Both companies are subsidiaries of Great Plains Energy Incorporated.
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TVA Announces Plans Stop Burning Coal in Nine Electric Generating Units
LCG, August 25, 2010--The Tennessee Valley Authority (TVA) announced yesterday that, beginning next year, it will idle nine coal-fired units that have a combined electric generating capacity of approximately 1,000 MW. One of the units will be considered for repowering, with the fuel switched to biomass. These steps are part of TVA's strategy to replace or retire older, less-efficient, coal-fired units as a means of reducing carbon and other emissions from its generation portfolio.
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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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