Indiana

One day away from Super Bowl XLVI, one of the biggest annual sporting events in North America, many in the United States are anxiously counting down the hours and minutes until their national anthem is heralded and the first whistle blows. Unbeknownst to many, however, another kind of Super Bowl countdown has been marching down this week - the event's carbon impact.

Indiana Michigan Power (I&M), an operating company of American Electric Power Company (NYSE: AEP) (market cap $18.46 billion), said Friday it is adding 100 megawatts (MW) of wind power to its generation portfolio as part of a 20-year power purchase agreement (PPA) reached with E.ON Climate and Renewables.

Power and gas utility Dominion Resources, Inc. (NYSE: D) said today it has received regulatory approval to close two of the four units at its Salem Harbor Power Station in Salem, Massachusetts, by the end of the 2011 and plans to retire all four units on June 1, 2014, because pending environmental regulations and market conditions are making the power station uneconomical to operate.

Shares of Ener1, Inc. (NASDAQ: HEV) closed up 14 percent Tuesday (down from 25 percent earlier in the day) after announcing prior to the market open that it had signed a joint venture agreement with Wanxiang Electric Vehicle Co., Ltd. to co-manufacture lithium ion cells and battery packs for the Chinese market. 

Ener1 shares are up 43 percent over the past six months, but down 19 percent over the past year.

Syndicate content
EnergyBoom Community

Welcome to EnergyBoom - an online community that is actively shaping the most important debate of our time. Login or register to get started.

E•B Clean 100
Choose a different index from the list below.
Trending Story