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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
04/21/201514:57:36Edison International Coverage Initiated at Guggenheim (EIX)
04/19/201510:05:03California's drought is Causing a Major Problem Nobody is Talking...
04/17/201506:01:35Additional Proxy Soliciting Materials (definitive) (defa14a)
04/16/201512:32:00SoCore Energy Turns on its Biggest Solar Installation
04/13/201503:12:11Argos Resources Signs Farmout Pact with Noble, Edison
04/10/201517:01:05Additional Proxy Soliciting Materials (definitive) (defa14a)
04/10/201515:03:23Argentina Summons U.K. Ambassador -- 3rd Update
04/10/201513:07:49Argentina Summons U.K. Ambassador -- 2nd Update
04/06/201513:00:02It's Official: Solar Is Taking Over in California
03/31/201516:26:00Edison International to Hold Conference Call on First Quarter...
03/23/201513:04:31Statement of Changes in Beneficial Ownership (4)
03/19/201512:49:31Statement of Changes in Beneficial Ownership (4)
03/17/201506:01:39Additional Proxy Soliciting Materials (definitive) (defa14a)
03/13/201517:03:09Proxy Statement (definitive) (def 14a)
03/04/201518:47:07Statement of Changes in Beneficial Ownership (4)
03/04/201517:58:45Statement of Changes in Beneficial Ownership (4)
03/04/201517:55:27Statement of Changes in Beneficial Ownership (4)
03/04/201516:54:08Statement of Changes in Beneficial Ownership (4)
03/04/201516:48:33Statement of Changes in Beneficial Ownership (4)
03/04/201516:43:53Statement of Changes in Beneficial Ownership (4)

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