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Energy News

As renewable fuel demand collapses, Pacific Ethanol makes alcohol, hand sanitizer

Sacramento renewable fuel company Pacific Ethanol Inc. has seen demand for its fuel product collapse, but it’s putting its manufacturing facilities to use to make high-quality alcohol and hand sanitizer.

Pacific Ethanol (Nasdaq: PEIX) said its revenue fell 6% to $1.42 billion in 2019 from the previous year. The company’s consolidated net loss for the year grew to $101.3 million from $67.9 million.

Pacific Ethanol released its financial results for the year after stock markets closed on Thursday.…

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Energy News

Here’s how much Duke Energy paid its CEO in 2019

Duke Energy Corp. awarded CEO Lynn Good an annual compensation package of more than $15 million in 2019, according to a newly filed report with the Securities and Exchange commission.

That is 7.4% more than the almost $14 million she received in 2018, but well below her peak of $21.4 million in 2017. That year was boosted by a one-time retention bonus of $7 million in equity.

In putting out information about executive compensation, Charlotte-based Duke (NYSE: DUK), as always, emphasizes that Good…

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Energy News

Decade of Growth: NRC OKs New Nuclear Reactors For Southern Co.’s Vogtle

Atlanta Business Chronicle is proud to present a special publication highlighting the stories that helped shape the last decade, or as we call it: A Decade of Growth. From 2010 to 2019, Atlanta has established itself as one of the most vibrant economies in the United States. The Chronicle’s editors and reporters culled all the issues from the past 10 years looking to find the articles that best represented our economic engine. Here is one of those stories…

A new nuclear age has arrived and…

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Energy News

NRC OKs New Nuclear Reactors For Southern Co.’S Vogtle

A new nuclear age has arrived and Atlanta-based Southern Co. will lead the charge.

On Thursday, the U.S. Nuclear Regulatory Commission voted 4-1 to allow Southern Co. to start building the nation’s first two new nuclear units in 30 years at subsidiary Georgia Power Co.’s Plant Vogtle, near Waynesboro, Ga.

“This is a historic day,” Southern Co. President and CEO Tom Fanning said during a news conference at the company’s headquarters. “We plan to deliver what our customers say they want:…

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Energy News

Dayton company idling facility in response to coronavirus

One of the Dayton region’s few public companies is coming off a strong quarter, but is feeling the brunt of the current coronavirus pandemic.

REX American Resources Corp. posted fourth-quarter revenue of $121 million, a 7 percent bump from $113 million in the same period last year, according to a filing with the U.S. Securities and Exchange Commission. 

Dayton-based REX (NYSE: REX), an alternative energy investment company with major ethanol holdings, also turned a $4.4 million profit, up substantially…

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