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Industry News 2006 P10



Galvin study forecasts future of electricity
According to a report released today by the Galvin Electricity Initiative, the U.S. electric power system must take specific steps to meet the world it will face in 2025.

DOE invests $24 mln in carbon sequestration research
Nine projects will benefit from the U.S. Department of Energy's $24 million grant program aimed at developing innovative and cost-effective technologies to capture the carbon dioxide produced in coal-fired power plants.

Tractebel Engineering studies Saudi, Egyptian power grids
Tractebel Engineering has been selected to perform the technical and economic feasibility study for the interconnection of the power grids of Saudi Arabia and Egypt.

FPL, Constellation Energy call off plans to merge
FPL Group, Inc. and Constellation Energy announced they will terminate their plans to merge because of the continued uncertainty over regulatory and judicial matters in Maryland.

National Grid introduces new 5-year contracts
UK utility company National Grid has announced the preferred partners for new five year contracts worth up to £2.8 billion to develop the electricity transmission network across England and Wales.

Former Enron executive gets 24 years
Former Enron Chief Executive Jeffrey Skilling will spend more than 24 years in jail for his involvement in one of the largest corporate fraud cases in U.S. history.

FuelCell Energy gets ready for 'clean coal' initiative with SOFC
FuelCell Energy, Inc. announced it has finalized terms with the U.S. Department of Energy for a $36.2 million award to develop a coal-based, multi-megawatt solid oxide fuel cell (SOFC) hybrid system.

Anaheim celebrates new geothermal plant opening
Anaheim Public Utilities joined partner cities Glendale and Burbank in celebrating the dedication of a second geothermal power plant in the Imperial Valley city of Heber.

Judge denies TXU's request for more time
TXU's request for an extension to build the first of nine proposed coal-fired plants in Texas was denied by federal judge.

Areva, MHI coordinate to win more of nuclear market
Areva and Mitsubishi Heavy Industries, Ltd. have agreed to collaborate in the area of nuclear energy in order to expand their presence in growing worldwide markets.

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