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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
08/25/201618:01:00Edison International and Southern California Edison Declare Dividends
08/25/201617:06:42Current Report Filing (8-k)
08/25/201616:43:00Louis Hernandez, Jr. Joins Edison International and Southern...
07/30/201603:02:00NextEra Clinches $18.4 Billion Deal -- WSJ
07/29/201617:14:00NextEra to Buy Energy Future's Oncor in $18.4 Billion Deal...
07/29/201617:04:56Current Report Filing (8-k)
07/28/201617:23:00Edison International Results Impacted by Taxes, Rate-Case Decision
07/28/201616:10:27Quarterly Report (10-q)
07/28/201616:06:03Current Report Filing (8-k)
07/28/201616:01:00Edison International Reports Second Quarter 2016 Results; Reaffirms...
07/21/201616:48:00Filings Validate Reasonableness of San Onofre Settlement which...
07/07/201616:41:00Nuclear Plant Settlement Ensures that SCE Customers Do Not Pay...
07/01/201615:13:19Statement of Changes in Beneficial Ownership (4)
07/01/201615:12:23Statement of Changes in Beneficial Ownership (4)
07/01/201614:51:34Statement of Changes in Beneficial Ownership (4)
06/28/201616:20:00Edison International to Hold Conference Call on Second Quarter...
06/28/201606:02:18Annual Report of Employee Stock Plans (11-k)
06/23/201619:14:00Southern California Edison Declares Dividends
06/22/201617:00:00SCE to Educate Business Customers, Nonprofit Leaders About Utility...
06/15/201617:43:08Initial Statement of Beneficial Ownership (3)

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