Energy supplier Iresa collapses after record number of complaints Failure of UK’s cheapest utility firm prompts calls for financial checks for new providers The UK’s cheapest and most complained-about energy supplier has ceased trading, in a collapse that has prompted calls for tougher tests on new entrants to the market. The energy regulator Ofgem said … Continue reading Energy supplier Iresa collapses after record number of complaints →
Panda court case raises concerns about local power plant Disputed estimates of future power usage are at the heart of an ongoing court case between Panda Power Generation Funds and the Electric Reliability Council of Texas. The lawsuit comes as one Panda-affiliated power plant has declared bankruptcy while the future of other plants, including the … Continue reading #Panda court case raises concerns about local power plant →
Aquion, the Advanced Battery Startup Funded by Bill Gates and Kleiner Perkins, Is Bankrupt Today, shortly after receiving an award from the Cleantech Group for North American company of the year (yet another kiss of death), Aquion declared bankruptcy. Aquion raised a total of $190 million in venture capital and debt for its saltwater batteries … Continue reading #Aquion, the Advanced Battery Startup Funded by #Bill_Gates and #Kleiner_Perkins, Is Bankrupt →
‘We, Westinghouse, cannot fail’: CEO, new documents give fuller picture of business A few minutes after 3 a.m. March 29, José Emeterio Gutiérrez — whose signature as interim CEO of Westinghouse Electric Co. was all over bankruptcy documents filed at that early hour — received an email with a puzzling sentiment: “Congratulations.” “It’s 3 a.m. … Continue reading ‘We, #Westinghouse, cannot fail’: CEO, new documents give fuller picture of business →
California Merchant Gas Generator, Lamenting Market Forces, Files for Bankruptcy The owner of a merchant 1,022-MW combined cycle natural gas–fired power plant in California has filed for bankruptcy protection, citing regulatory policies and market forces that have depressed revenues. La Paloma Generating Co. on December 6 filed for U.S. Chapter 11 bankruptcy, blaming a debt … Continue reading California Merchant Gas Generator, Lamenting Market Forces, Files for Bankruptcy →
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