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.


Hse SandyHook
Latest Top Stories

Post-FIT Decision, Turbine OEMs Mull Over Options For Ontario Wind Energy Market

Under political pressure, the Ontario government recently pulled the plug on its landmark feed-in tariff (FIT) program for large-scale renewable energy projects, leaving provincial suppliers and manufacturers with an uncertain future.


Continent's First Grid-Connected Offshore Wind Turbine Floats In Maine Waters

Billed as a historic day for offshore wind in North America, researchers flipped the switch on a floating prototype. This marks the first electrons from an offshore wind turbine to flow into the region's grid.


Raising The Discourse: How Wind Industry Can Help Avoid 'Climate Emergency'

Larry Schweiger, the president/CEO at the National Wildlife Federation, says the wind industry is an important ally to combat global warming, which is triggering dangerous and unprecedented weather events around the world.


The Numbers Don't Lie: U.S. Utilities Continue To Embrace Wind Energy

Last year, more than 40% of U.S. utilities reported having wind energy on their systems, proving the fact that utilities continue to integrate wind in growing numbers – and, in some cases, at unprecedented levels.


BOEM To Award Mass., R.I. Offshore Wind Leases; Pre-Qualifies Nine Developers

In July, the Bureau of Ocean Energy Management will auction nearly 165,000 acres off the coasts of Rhode Island and Massachusetts to facilitate offshore wind development.

Renewable Energy Systems_id1171
Power Climber_id1660
SandC Electric_id1674
Upwind Solutions_id1629
Trachte Inc._id484
JEC Americas_id1707
AWEA_id