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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; cassandra.sweet@dowjones.com

Stock News for Edison (EIX)
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05/06/201516:44:00Edison International to Present at the Sanford C. Bernstein...
05/05/201518:17:53Statement of Changes in Beneficial Ownership (4)
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04/30/201513:03:53Current Report Filing (8-k)
04/30/201509:24:08Edison International Rating Reiterated by TheStreet (EIX)
04/29/201518:18:00Southern California Edison Review of Documents Affirms Independent...
04/29/201508:14:26Edison International Price Target Cut to $66.00 (EIX)
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04/28/201516:10:00Quarterly Report (10-q)
04/28/201516:04:21Current Report Filing (8-k)
04/28/201516:01:00Edison International Reports First Quarter 2015 Results
04/27/201517:04:21Current Report Filing (8-k)

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