Minnesota Public Utilities Commission Selects Geronimo's Distributed Solar Proposal

Minnesota Public Utilities Commission (PUC) ruled in favor of solar as a cost-competitive energy source for Xcel Energy. Geronimo Energy's Aurora Solar Project was selected by the PUC to fill a portion of Xcel's future generation needs. The Aurora Solar Project is a 100-MW distributed solar generation project that will utilize solar arrays ranging in size from 2 MW to 10 MW across Xcel's service territory.

Duke Energy Florida Sells Unused Nuclear Fuel Assemblies from Retired Crystal River Nuclear Plant

Duke Energy Florida sold 76 unused nuclear fuel assemblies from its retired Crystal River Nuclear Plant through a request for proposals (RFP) process. Federally licensed U.S. nuclear power plants and nuclear fuel fabricators are the only entities receiving Duke Energy Florida's RFP to buy the nuclear fuel assemblies. All proceeds from the sale of these assets will benefit Florida customers by reducing the amount of money Duke Energy Florida may recover from customers.

A123 Systems Sells Off Energy Storage Division for $100 Million to NEC

A123 Systems signed an agreement with NEC Corporation (NEC) of Japan to divest of its grid storage business and other assets related to energy storage for telecom and IT data storage applications. NEC acquired the A123 Energy Solutions for approximately $100 million. An agreement on the terms of the deal has been finalized and a new company, NEC Energy Solutions, is slated to begin operation in June 2014 under the direction of NEC.