Despite concerns about the decline in New Jersey's solar market, a new study found the Garden State added jobs in the sector last year and remains near the top nationally in total employment and solar capacity.
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Energy
NRG Yield announces 300M senior notes offering
Princeton-based energy company NRG Yield announced Wednesday it intends to commence an offering of $300 million in aggregate principal amount of its convertible senior notes due 2019.
Read More »McCarter English acquires boutique energy firm Miller, Balis O’Neil
McCarter & English announced Monday an expansion of its energy law practice in Washington D.C. The acquisition of the 14-lawyer energy law boutique, Miller, Balis & O'Neil, will combine under the McCarter name with 400 attorneys in eight regional offices from Boston to Washington. Newark is McCarter's largest office.
Read More »Richland-Stryker Generation sold to Energy Capital Partners
According to the announcement, the sale includes two gas/oil fired peaking power generation facilities totaling 464 MW, both in Ohio. RSI has owned the two generating stations since 2011, when it acquired the operating facilities from FirstEnergy Corporation. RSI’s acquisition of the two peaking stations was led by Quintana Infrastructure & Development LLC, which also ...
Read More »Suburban Propane Partners names new COO, chief accounting officer
According to the announcement, the company also promoted Paul E. Abel to senior vice president in the general counsel and secretary roles. Three additional senior vice president appointments were made, with Steven C. Boyd leading field operations, Douglas T. Brinkworth heading up product supply, purchasing and logistics, and Neil E. Scanlon managing information services at ...
Read More »New Jersey Resources declares dividend
According to the announcement, NJR will issue a dividend on shares of its common stock of 42 cents per share. The dividend will be payable on April 1, 2014 to shareholders of record on March 14, 2014. Like NJBIZ on Facebook: facebook.com/NJBIZStay informed with free NJBIZ email newsletters >
Read More »Foster Wheeler, in Clinton, acquired by UK oil firm AMEC for 3.1B
United Kingdon-based AMEC announced Monday it will acquire fellow oil and gas engineering firm Foster Wheeler AG, whose corporate headquarters is located in Clinton, for $3.1 billion. The pending deal, reported Monday by Reuters, will see investors in the acquired company receive $16 per share as well as nine tenths of a share in AMEC.Foster ...
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The reformer Verizon’s Eve has big goals
As Verizon’s chief public policy advocate for the tri-state area, she uses words like “oppressive,” “stringent” and “unreasonable” to describe state government’s oversight of the industry. She says New Jersey’s telecommunication regulations are overdue for an overhaul. “New Jersey in so many respects is such a forward-looking state,” Eve said. “But right now, it is ...
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American Water awarded 50-year, 288M contract at Air Force base in Utah
The Military Services Group of American Water provides water and wastewater services to military installations across the country as part of the federal government’s Utilities Privatization Program. Hill Air Force Base has grown significantly over the years and currently serves a population of approximately 25,000. Stay informed: Subscribe to free NJBIZ newsletters Follow @NJBIZ ...
Read More »NRG Energy announces 700M senior notes offering
According to the announcement, the notes will be senior unsecured obligations of NRG and will be guaranteed by certain of its subsidiaries. NRG intends to use the proceeds from the offering to partially fund the consummation of its Edison Mission Energy acquisition. If the EME acquisition is not consummated, NRG intends to use the proceeds ...
Read More »Calif. American Water acquires Dunnigan Water System assets
According to the announcement, Calif. American Water will assume the responsibility for the provision of water and wastewater services within Dunnigan Water Works’ service area in Yolo County, Calif. The purchase of the systems will add approximately 253 new water and wastewater service connections to California American Water’s customer base in the Sacramento area. California ...
Read More »NRG Yield completes acquisition of Energy Systems Company
According to the announcement, NRG Yield, a wholly owned subsidiary of NRG Energy Inc., acquired the assets of privately held Energy Systems effective Thursday.ESC is NRG Yield’s first acquisition outside its relationship with parent company NRG Energy, and the ninth thermal generation project in its portfolio.The company announced the acquisition in early Dec. 2013. It ...
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