Utilities

Subscribe

On February 22, 2013, Portland General Electric Company (NYSE: POR) reported net income of $141 million, or $1.87 per diluted share, for the year ended Dec. 31, 2012.

 On February 13, 2013, Calpine Corporation (NYSE: CPN) reported fourth quarter 2012 Adjusted EBITDA of $315 million, compared to $379 million in the prior year period, and Adjusted Free Cash Flow of $41 million, or $0.09 per diluted share, compared to $108 million, or $0.22 per diluted share, in the prior year period. Net Income1 for the fourth quarter was $100 million, or $0.22 per diluted share, compared to a Net Loss1 of $13 million, or $0.03 per diluted share, in the prior year period. Net Loss, As Adjusted2, for the fourth quarter of 2012 was $86 million compared to $43 million in the prior year period.  

On February 12, 2013, Calpine Corporation (NYSE: CPN) has hired Ken Robinson as Vice President and Chief Risk Officer.

America West Resources filed for Chapter 11 protection...

On January 10, 2013, after meeting approximately 150 investors, primarily in continental Europe and the United Kingdom, Veolia Environnement (NYSE: VE) launched the issuance of deeply subordinated perpetual hybrid debt in euros and pound sterling, callable beginning April 2018.

On December 27, 2012, Veolia Environnement (NYSE: VE) announced the final results and definitive prices for its previously announced modified “Dutch Auction” cash tender offer (the “Offer”) for up to US$200,000,000 principal amount of its 6.00% Senior Notes due 2018 (the “Notes”).

On December 21, 2012, Calpine Corporation (NYSE:CPN) announced that Jack Fusco, President and Chief Executive Officer since August 2008, has agreed to extend the term of his contract through December 2015.

On December 13, 2012, Veolia Environnement (NYSE: VE) announced the partial buyback of its bonds for an aggregate amount of US$203 million in its US Dollar-denominated bonds maturing in 2015 and 2018, and €597 million in its Euro-denominated bonds maturing in 2016 and 2017.

On November 21, 2012, Veolia Environnement (NYSE: VE) announced the completion of the sale of the Veolia solid waste businesses in the United States to ADS Waste Holdings, owners of Advanced Disposal Services, Inc. and Interstate Waste Services, Inc., for a total transaction value of $1.909 billion (around €1.491 billion).