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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)
02/21/201716:11:07Annual Report (10-k)
02/21/201716:05:01Current Report Filing (8-k)
02/21/201716:01:00Edison International Reports Fourth Quarter and Full-Year 2016...
02/16/201716:37:00Statement of Changes in Beneficial Ownership (4)
02/14/201710:40:37Statement of Ownership (sc 13g)
02/13/201714:13:00San Onofre Community Engagement Panel to Discuss New Seismic...
02/09/201714:48:47Amended Statement of Ownership (sc 13g/a)
02/07/201716:31:38Current Report Filing (8-k)
01/24/201706:02:35Amended Statement of Ownership (sc 13g/a)
01/23/201709:00:00SCE Files Plan for Expanding Electric Transportation
01/19/201716:24:00Edison International to Hold Conference Call on Fourth Quarter...
01/19/201714:13:18Amended Statement of Ownership (sc 13g/a)
01/10/201716:42:00Feb. 1 is Deadline to Apply for Edison International’s $1.2 M...
01/05/201718:00:28Statement of Changes in Beneficial Ownership (4)
01/05/201716:00:57Statement of Changes in Beneficial Ownership (4)
01/05/201713:41:46Statement of Changes in Beneficial Ownership (4)
01/05/201712:54:34Statement of Changes in Beneficial Ownership (4)
01/05/201712:08:49Statement of Changes in Beneficial Ownership (4)
01/05/201711:45:50Statement of Changes in Beneficial Ownership (4)
12/20/201608:30:00Southern California Edison Awards San Onofre Nuclear Plant Decommissioning...

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