As part of a two-year research and development study to evaluate the effects of distributed generation (DG) on the California utility grid, the California Energy Commission (CEC) has contracted Reflective Energies to monitor up to a dozen generation and interconnection sites throughout the state. To help gather the necessary real-time and logged data from each […]
FirstEnergy Corp. (Akron, OH) reported that basic earnings per share of common stock on a non-GAAP basis for the second quarter of 2003 were $0.52, before a loss on discontinued operations and unusual charges. Including these items, the company reported a net loss of $57.9 million, or $0.20 per share. This compares with expected second-quarter […]
Artesyn Technologies Inc. (Boca Raton, FL), a leader in advanced power conversion equipment for the communications industry, announced that it intends to offer, subject to market conditions and other factors, $75 million of convertible senior subordinated notes due 2010. The net proceeds from the offering will be used to repay Artesyn's existing subordinated convertible note […]
Reliant Resources Inc. (Houston, TX) announced that Stephen Naeve, vice chairman, is retiring on September 16, 2003. Since the formation of Reliant Resources in 2000, Naeve has served in a number of key executive management positions, most recently as vice chairman. From May 2002 until May 2003, he was president and chief operating officer after […]
ON Semiconductor Corp. (Phoenix, AZ) introduced four new offline power supply switching regulators, each with an integrated 700V power switch and a unique set of performance features, which offer designers a complete and affordable control solution for rugged power supplies in digital cameras, digital video recorders and players, battery chargers, wall adapters, white goods, industrial […]
FuelCell Energy Inc. (FCE, Danbury, CT) and its US distribution partner, PPL EnergyPlus, a PPL Corp. subsidiary, announced the installation of a Direct FuelCell® (DFC®) power plant for Starwood Hotels and Resorts, one of the world's largest hotel and leisure companies. The DFC300A power plant will provide 250kW of electric power as well as heat […]
LEM USA Inc. (Milwaukee, WI) introduced the new HTB Series of PCB-mounted current transducers, which provide current measurements from 50 ARMS to...
Capstone Turbine Corp. (Chatsworth, CA) announced that it has named John Tucker as its new Chief Executive Officer. Tucker was previously the President and Chief Executive Officer of York International Corp., the President of AlliedSignal Aerospace's Aerospace Equipment Systems business sector, the Chief Executive Officer and Chairman of Daimler Benz Aerospace's Motoren and Turbine Union […]
XPiQ Inc. (Holliston, MA), a worldwide manufacturer and supplier of ac/dc and dc/dc power supply products, introduced the new SMQ500/SMQ600 Series of...
FuelCell Energy Inc. (FCE, Danbury, CT) announced that its 1MW Direct FuelCell® (DFC®) power plant, the DFC1500, has been certified to meet the American National Standards Institute (ANSI) products safety standards for stationary fuel cell systems, ANSI Z21.83, making it the largest power plant to be certified under this standard. The certification will reduce the […]
We Energies (Milwaukee, WI) signed 20-year power purchase agreements with two developers for the entire electricity output of three wind farms planned to be built in Wisconsin over the next two years. The We Energies agreements will increase the total amount of wind power generated in the state of Wisconsin from 53MW to 267MW, an […]
VOLT Inc. (Pleasanton, CA) announced that it has purchased all the outstanding shares of Wolverine Power Corp. for cash and preferred stock. The major assets included in the Michigan utility are the hydro-electric turbines that generate over 10MW of power, the Federal Energy Regulatory Commission License and the power purchase agreement with Consumers Energy that […]
DTE Energy Technologies Inc. (Detroit, MI) reported a loss of $23 million, or $0.13 per diluted share, for the second quarter ended June 30, 2003, compared with reported earnings of $68 million, or $0.42 per diluted share, for the same period last year. Operating earnings for the second quarter 2003 were $79 million, or $0.48 […]
Alliant Energy Corp. (Madison, WI) reported income (loss) and earnings per share (EPS) from continuing operations for the second quarter of 2003 of $11.7 million and $0.13, respectively, compared to $5.5 million and $0.06 for the same period in 2002. Alliant Energy's net income and EPS for the second quarter of 2003 were $32.2 million […]
Power Integrations Inc. (San Jose, CA), a leader in power conversion semiconductor technology, announced that Balu Balakrishnan, a member of the board of directors and its president and chief executive officer, has adopted a stock trading plan in accordance with guidelines specified by the Securities and Exchange Commissions Rule 10b5-1. The one-year plan is effective […]