in News Departments > FYI
print the content item

Energy East Corp., an energy services and delivery company with offices in Portland, Maine, and Albany, N.Y., has announced it will seek to issue up to 10 million common shares generating gross proceeds of approximately $240 million. Proceeds from the offering will be used for the redemption of debt and for general corporate purposes, including projects that together would reduce carbon dioxide emissions by approximately 1 million tons per year.

The company plans to invest over $3 billion through 2011. According to Energy East, major planned investments include $500 million for advanced metering infrastructure in New York and Maine; $500 million in transmission investments, predominately in Maine, which will improve electric grid reliability and promote renewable generation; and $500 million for the repowering of the Russell Station power plant using clean coal technologies.


Helukabel_id1908
Latest Top Stories

Smart Community Engagement: Twelve Tips Every Wind Developer Should Know

Community engagement helps ensure a project runs smoothly, but it can also save developers money and even lead to a more successful wind industry overall.


Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.

WomenofWind_id
Acciona_id1907
UEA_id1896
JLG_id1900
AWEA_id1886
bonfiglioli_id1913