California’s recent power blackout episode triggered the strongest sales ever for BoxPower Inc., the maker of a turnkey solar power and battery unit in a box.
The Grass Valley company builds self-contained and automated solar power systems out of shipping containers or on shipping pallets.
Co-founder Anderson Barkow said last week, as Pacific Gas & Electric Co. shut off power to 734,000 homes and businesses in 35 California counties, BoxPower saw its “busiest week in terms of inquiries ever.”
PG&E rejected San Francisco’s offer to buy the bankrupt utility’s wires within the city for $2.5 billion, saying the deal undervalues the company’s assets.
“We cannot accept your offer,” PG&E CEO Bill Johnson said in an Oct. 7 letter to San Francisco Mayor London Breed. “If we ever do consider such sales, we have a duty to obtain the highest and best value for these assets.”
PG&E provided a litany or reasons for why the purchase offer is a bad deal in the letter that starting getting…
The 40-year-old found “what really matters” through exploration.
Despite the negative numbers coming out about mergers and acquisitions activity, there’s one sector that’s holding surprisingly steady: U.S. oil and gas.
According to an Oct. 2 report by Austin-based Enverus (the new name for Drillinginfo), U.S. oil and gas M&A surpassed $17 billion in the third quarter, maintaining the momentum established in the second quarter.
The data provider said the quarterly total approaches the 2016-18 quarterly average of $19 billion and puts year-to-date M&A at more…
American Water, a New Jersey-based public utility company, has confirmed that it has bid on JEA — the fourth of 17 bidders to identify itself in a process that so far remained shrouded in secrecy.
American Water has a 25 million-gallon-per-day desalination plant in Tampa, which supplies about 10 percent of the drinking water for the Tampa Bay area, and a Homeowner Services partnership with Orlando Utilities Commission.
“American Water has responded to JEA’s Invitation to Negotiate, and…
The parts of the bill that have run into opposition would change some of the rate-making procedures for utilities in North Carolina.
The most recent projections for the Atlantic Coast Pipeline call for the 600-mile project to be finished in late 2021 by the earliest and at a cost of $7.8 billion — if it finally gets clearance to start construction.
CNX Resources Corp. has reached a settlement with the Pennsylvania Department of Environmental Protection on plugging 141 abandoned conventional and unconventional wells in four counties in southwestern Pennsylvania.
Under the consent order released Friday, CNX (NYSE: CNX) will post a $1.48 million performance bond and submit a schedule on its plans to plug the wells that are in Washington, Westmoreland, Greene and Allegheny counties. DEP said that the wells are conventional coal-bed methane and…
Where was Bill Johnson?
Despite the utility enduring a four-day, self-inflicted power crisis gripping the whole Bay Area, the CEO of PG&E did not appear on the evening news. He did not address the public. He did not give interviews to any print publications, according to Lexis/Nexis and Google searches.
It wasn’t until late Thursday evening that the CEO stepped up to a podium and took responsibility for the outage, just as the utility was preparing to begin the arduous task of turning the lights…
London-based BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, on Oct. 11 shared an update on progress the company has made on its $10 billion divestment program.
When BP first announced the program after its $10.25 billion acquisition of BHP assets, the London company planned to complete the divestments over the course of 2019 and 2020.
Now, BP expects to have $10 billion worth of divestments completed or agreed to by the end of 2019, according to an Oct. 11 press release. However,…