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Former Xcel CEO Kelly Succeeds Bryson As Board Chairman At BrightSource

DOW JONES NEWSWIRES Former Xcel Energy Inc. (XEL) Chief Executive Richard Kelly has joined the board of California solar-power developer BrightSource Energy Inc. as chairman, succeeding John Bryson, the company said Wednesday. Kelly retired last year from Minneapolis-based Xcel, which operates utilities in Minnesota, Colorado and other states. Bryson was chairman of BrightSource's board before President Barack Obama tapped him last year to become Secretary of Commerce. Bryson was chairman and chief executive of Edison International (EIX) until 2008, when he retired. Kelly said he was "extremely excited" to join BrightSource, adding that he sees the company as "uniquely positioned" to meet increasing global demand for clean energy. BrightSource obtained a $1.6 billion govenment-loan guarantee last year to help finance construction of a 390-megawatt solar-thermal power plant in the California desert. The privately held company plans to build additional solar-power plants to supply California utilities owned by Edison and PG&E Corp. (PCG). BrightSource backers include VantagePoint Capital Partners, Morgan Stanley (MS), BP PLC (BP.LN, BP), Chevron Corp. (CVX) and Google Inc. (GOOG), among others. -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468;

Stock News for Edison (EIX)
05/02/201617:47:49Statement of Changes in Beneficial Ownership (4)
05/02/201617:46:56Statement of Changes in Beneficial Ownership (4)
05/02/201617:29:18Securities Registration: Employee Benefit Plan (s-8)
05/02/201617:15:00Edison International Revenue Falls in Latest Quarter
05/02/201616:08:24Quarterly Report (10-q)
05/02/201616:04:55Current Report Filing (8-k)
05/02/201616:01:00Edison International Reports First Quarter 2016 Results; Reaffirms...
05/02/201615:02:05Initial Statement of Beneficial Ownership (3)
05/02/201614:25:53Statement of Changes in Beneficial Ownership (4)
05/02/201614:04:24Statement of Changes in Beneficial Ownership (4)
05/02/201613:55:22Statement of Changes in Beneficial Ownership (4)
05/02/201613:29:01Statement of Changes in Beneficial Ownership (4)
05/02/201613:07:20Statement of Changes in Beneficial Ownership (4)
05/02/201613:01:25Statement of Changes in Beneficial Ownership (4)
05/02/201612:48:30Statement of Changes in Beneficial Ownership (4)
04/29/201615:09:22Current Report Filing (8-k)
04/28/201620:43:00Edison International and Southern California Edison Declare Dividends
04/28/201616:05:00James T. Morris Joins Edison International and Southern California...
04/22/201615:00:02Additional Proxy Soliciting Materials (definitive) (defa14a)
04/19/201613:00:00Edison International Names 30 Edison Scholars Awarded $1.2 Million...

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