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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; [email protected]

Stock News for Edison (EIX)
DateTimeHeadline
03/23/201716:19:14Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
03/23/201706:04:36Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/22/201709:46:12Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
03/20/201714:31:51Additional Proxy Soliciting Materials (definitive) (defa14a)
03/17/201714:20:07Proxy Statement (definitive) (def 14a)
03/17/201713:48:27Statement of Changes in Beneficial Ownership (4)
03/13/201717:26:00International Tribunal Confirms MHI Supplied Defective Equipment...
03/13/201717:01:47Current Report Filing (8-k)
03/06/201713:09:00SCE Seeks New Distributed Energy Resources in the Goleta Area
03/04/201707:29:00How California Utilities Are Managing Excess Solar Power
03/03/201717:34:03Statement of Changes in Beneficial Ownership (4)
03/03/201716:58:07Statement of Changes in Beneficial Ownership (4)
03/03/201716:27:59Statement of Changes in Beneficial Ownership (4)
03/03/201716:14:14Statement of Changes in Beneficial Ownership (4)
03/03/201715:17:12Statement of Changes in Beneficial Ownership (4)
03/03/201714:56:02Statement of Changes in Beneficial Ownership (4)
03/03/201714:46:19Statement of Changes in Beneficial Ownership (4)
03/03/201714:23:12Statement of Changes in Beneficial Ownership (4)
03/03/201714:04:30Statement of Changes in Beneficial Ownership (4)
03/03/201713:51:05Statement of Changes in Beneficial Ownership (4)

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