ADVFN - Advanced Financial Network.
HOME» NYSE » N » NRG Stock Price » NRG Stock News

Nrg Energy Share News

 Nrg Energy (new) Stock Price
NRG Stock Price
 Nrg Energy (new) Stock Chart
NRG Stock Chart
 Nrg Energy (new) Stock News
NRG Stock News
 Nrg Energy (new) Company Information
NRG Company Information
 Nrg Energy (new) Stock Trades
NRG Stock Trades

Buffett's MidAmerican Starts Renewable-Energy Business

By Cassandra Sweet Of DOW JONES NEWSWIRES The MidAmerican Energy unit of Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) said Tuesday it has started a new company to oversee a growing stable of solar, wind and other renewable-energy projects. MidAmerican Energy Holdings Co., of Des Moines, said it has placed solar and wind farms, geothermal power plants and its interest in a small hydroelectric project into a new company called MidAmerican Renewables LLC. MidAmerican's president and chief executive, Greg Abel, said the company expects U.S. demand for renewable energy to continue growing and that the company wants "to be a leader in this area." On Monday, MidAmerican said it plans to buy an 81-megawatt wind farm in Illinois from Invenergy Wind LLC as part of the company's growing wholesale renewable-energy business. Terms of the deal weren't disclosed. The wind farm has a contract to sell the electricity it generates to Ameren Corp.'s (AEE) Illinois utility. In December, MidAmerican said it would buy a $2 billion California solar farm from First Solar Inc. (FSLR) and that it would acquire a 49% share of a $1.8 billion solar-power plant owned by NRG Energy Inc. (NRG) that First Solar is building in the Arizona desert. Both solar facilities have long-term power purchase agreements with PG&E Corp.'s (PCG) California utility. MidAmerican already owns and operates geothermal power facilities in California, which use underground heat and steam to generate electricity, and it owns half of a 10-megawatt hydroelectric project in Hawaii that generates electricity without dams. MidAmerican Renewables said it is considering acquiring more renewable-energy projects that would generate electricity for the wholesale power market to meet growing demand for clean energy. "We'll be looking for opportunities to grow this business," said Tina Potthoff, a spokeswoman for MidAmerican. "We think there's a growing desire by utilities and other companies to green up their business." -By Cassandra Sweet, Dow Jones Newswires; 415-439-6468; cassandra.sweet@dowjones.com

Stock News for Nrg Energy (NRG)
DateTimeHeadline
03/18/201511:02:02Can SolarCity and Tesla Motors Make Microgrids Commonplace?
03/17/201509:22:47SolarCity Enters Into New Mexico As PNM Starts Phasing Out Old...
03/17/201508:00:02The Top 3 Polluting States in America
03/16/201508:04:45NRG Energy to buy back an additional $100M in stock
03/16/201507:00:00NRG Energy Announces Plan to Repurchase Additional Common Stock...
03/05/201511:50:09Correction to Noble Group Article Update
02/27/201509:00:00FuelCell Energy Completes Sale of University Micro-grid Project...
02/27/201508:31:17NRG Energy Swings to Profit on Growth in Renew Segment
02/27/201507:08:43NRG Energy net income of $119M.
02/27/201506:55:00NRG Energy, Inc. Reports Full Year and Fourth Quarter Results...
02/23/201518:12:14First Solar, SunPower in Talks for Joint Yieldco -- Update
02/23/201517:34:13First Solar, SunPower in Talks for Joint YieldCo
02/23/201507:30:00Gabelli & Companyâs Waste & Environmental Services Symposium
02/23/201504:33:17MARKET SNAPSHOT: Stock Valuations Climb As Retailers Wrap Earnings...
02/22/201509:21:20MARKET SNAPSHOT: Stock Valuations Climb As Retail Earnings Wraps...
02/20/201518:53:20MARKET SNAPSHOT: Stock Valuations Climb As Retail Earnings Wraps...
02/20/201517:46:59MARKET SNAPSHOT: Stock Valuations Climb As Retail Earnings Wraps...
02/18/201514:05:00Reliant Launches Integrated Home Security, Automation Solutions
02/18/201508:50:00NRG Renew to Deliver Americaâs Largest Solar Solution for a H...
02/09/201507:30:00NRG Energy, Inc. to Present Full Year and Fourth Quarter 2014...

Nrg Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad