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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)
DateTimeHeadline
07/01/201516:34:00SCE Maps Out Its Vision for the Electric Grid of the Future
07/01/201516:32:31Current Report Filing (8-k)
06/30/201516:30:00Edison International to Hold Conference Call on Second Quarter...
06/30/201516:09:00Robbins Arroyo LLP Is Investigating the Officers and Directors...
06/30/201512:35:00SCE’s Income Qualified Programs Help Customers in Need
06/26/201513:50:14Annual Report of Employee Stock Plans (11-k)
06/25/201516:28:00SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On...
06/17/201517:05:00Edison International and Southern California Edison Declare Dividends
06/17/201512:00:00SCE Continues Encouraging Solar Development
06/15/201516:00:00As Balloon Outages Soar, SCE Urges Responsible Celebrations of...
06/12/201520:51:46U.S. Investigates Outsourcing at Utility
06/12/201511:40:06Tata Consultancy, Infosys Probed Over Worker Visa Practices
06/10/201508:00:00Eight Utilities and Energy Companies Announce Plans for Critical...
05/27/201517:00:00SCE Cautions Customers to Stay Alert Against Utility Bill Scam
05/26/201515:07:41Amended Current Report Filing (8-k/a)
05/26/201511:56:31Current Report Filing (8-k)
05/20/201512:15:10What Is the S&P 500 Index?
05/18/201518:27:08High Court Ruling Adds Protections for Investors in 401(k) Plans...
05/18/201516:32:54High Court Ruling Adds Protections for Investors in 401(k) Plans...
05/18/201515:41:13Supreme Court Adds Protections for 401(k)s

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