The 49th EEI Financial Conference is the premier venue for executive level discussions on utility industry financial issues and business strategies. Join chief executives, chief financial officers, treasurers and investor relations executives as they meet with financial community in Dallas. The conference features general sessions, executive panels, and company financial presentations.
These are truly exciting times. The coming decades will present humanity with potentially graver and bigger challenges than anything previously encountered. We have a unique opportunity to shape a future where the planet thrives, where human creativity and collaboration can flourish and where society is equal, stable and prosperous. But we must act.
Sunrun acquires AEE Solar and SnapNrack; FirstEnergy completes sale of hydroelectric power stations to Harbor Hydro Holdings; Alterra acquires Shannon wind project from Horn Wind.
As part of the statewide NY-Sun Initiative, a $60 million investment to support the Long Island solar industry's transition to PSEG Long Island has been announced. PSEG Long Island will partner with NYSERDA to locally implement the statewide NY-Sun program. NY-Sun Initiative is a collaborative effort among public-private entities who are all working toward advancing the use of solar power in New York State. NYSERDA will more than double the proposed NY-Sun Initiative allocation for the Long Island region from $28 million to $60 million.
NextEra Energy Resources, a subsidiary of NextEra Energy dedicated the company's 250 MW Genesis Solar Energy Center, located in Riverside County, Calif. All of the power generated by the solar facility is being provided to Pacific Gas & Electric under a long-term contract. The solar facility, which is comprised of two identical 125-MW generating units, entered service in November 2013 and March 2014, respectively and is owned and operated by an affiliate of NextEra Energy Resources.
Google and MidAmerican Energy (MidAmerican) established an agreement for MidAmerican to supply Google's Council Bluffs, Iowa data center with up to 407 MW of wind-sourced energy. The wind power will come from several wind projects that are part of MidAmerican's Wind VIII program, an initiative under which MidAmerican will bring 1,050 MW of new Iowa wind power online by the end of 2015.
Southern Company subsidiary Southern Power, in partnership with Turner Renewable Energy, officially acquired of the partnership's second California solar installation. The agreement to acquire the Adobe Solar Facility, a 20- MW solar PV installation in Kern County, Calif., was closed upon successful completion of construction. The facility represents the partnership's sixth solar project and is expected to begin commercial operation in May.