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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
02/04/201620:01:00As Metallic Balloon Outages Soar, SCE Urges Customers to Secure...
02/01/201615:49:00Helping Customers Take Control of Their Energy Bills
01/27/201610:47:41Statement of Ownership (sc 13g)
01/26/201614:10:43Amended Statement of Ownership (sc 13g/a)
01/21/201616:36:00Edison International to Hold Conference Call on Fourth Quarter...
01/19/201613:46:00Feb. 1 Deadline Approaches for the $1.2 Million Edison Scholars...
01/14/201619:47:00SCE Receives CPUC Approval for ‘Charge Ready’ Pilot Program; Wil...
01/06/201618:06:51Statement of Changes in Beneficial Ownership (4)
01/06/201617:51:38Statement of Changes in Beneficial Ownership (4)
01/05/201615:21:16Statement of Changes in Beneficial Ownership (4)
01/05/201615:08:04Statement of Changes in Beneficial Ownership (4)
01/05/201614:19:05Statement of Changes in Beneficial Ownership (4)
01/05/201614:06:10Statement of Changes in Beneficial Ownership (4)
12/21/201514:00:00Still Time to Apply for $1.2 Million Edison Scholars Program
12/17/201516:28:00SCE Customer Bills to Decrease in January
12/14/201517:02:11Current Report Filing (8-k)
12/10/201517:21:00Edison International Raises Common Stock Dividend 15 Percent;...
12/07/201516:00:00Safe Decorating is Another Perfect Gift for the Holidays
12/04/201512:17:00Grid Assurance™ Files Second Petition for Declaratory Order w...
12/01/201514:02:51Current Report Filing (8-k)

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