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Southern Co., Turner Enterprises Buy California Solar Farm

Units of Southern Co. (SO) and Turner Enterprises Inc. have bought a 139-megawatt solar farm in the California desert from First Solar Inc. (FSLR), the companies said Tuesday.Southern's wholesale power subsidiary made the purchase, along with the renewable-energy unit of privately held Turner Enterprises.The solar farm, being built near El Centro, Calif., is scheduled to be completed this fall and will generate enough electricity to serve about 48,000 homes, the companies said. The facility will sell the power it generates to Sempra Energy's (SRE) San Diego utility under a 20-year contract.The companies declined to disclose the sale price. Southern Power owns 90% of the facility, while Turner Renewable Energy owns 10%, a spokesman for Southern Co. said.The installed cost of U.S. utility-scale solar farms in the U.S. averaged about $2.27 a watt at the end of 2012, according to a March survey by GTM Research and the Solar Energy Industries Association.At that level, the El Centro solar f...

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  1. Japan's Tepco Turns to U.S.'s Cameron for LNG

    Tokyo Electric Power Co. (9501.TO) is nearing completion of a deal to import 800,000 tons of liquefied natural gas a year from the U.S. starting in 2017, a new sign ...

  2. Sempra Energy to Sell About Half of Arizona Power Plant for $371 Million

    Sempra Energy (SRE) agreed to sell about half of the capacity of an Arizona natural gas-fired power plant to the Salt River Project Agricultural Improvement and Powe...

  3. Insight: Wall Street, facing fiercer watchdog, flees U.S. power markets

    When federal regulators proposed a six-month penalty on JPMorgan Chase & Co's electricity trading arm last month, they took aim at what is now a rare sight on Wall S...

  4. DOE-Commissioned Study Shows LNG Exports Generally Good for U.S.

    A study commissioned by the U.S. Energy Department says that natural gas exports would benefit the U.S. economy, leading to net economic gains that would outweigh th...

  5. Sempra Energy Chief Executive Reed Named New Chairman

    Sempra Energy (SRE) said its board elected Chief Executive Debra L. Reed as its new chairman, succeeding former company CEO Donald E. Felsinger, who is retiring.Ms. ...

  6. Sempra Energy 3rd-Quarter Net Drops 6.9% on Pipeline Write-Down

    Sempra Energy's (SRE) third-quarter profit slipped 6.9% as the company booked a write-down on a pipeline and revenue sank.The power and energy company owns electric ...

  7. California Regulators Examining Troubled Nuclear Plant's Costs

    California regulators said Thursday they would decide whether utility customers should pay to fix and restart the troubled San Onofre nuclear power plant in a ruling...

  8. Registration Effectiveness Orders Issued by the SEC

    The following table includes registration statements and post-effective amendments that were declared effective by the Securities and Exchange Commission on the most...

  9. Comcast, Vodafone, Other Stocks Hit 52-Week Highs Wednesday

    Here are nine stocks that struck 52-week highs:While trading on below-average volume, Comcast (NASDAQ:CMCSA) improved today, reaching and then surpassing its previou...

  10. Utilities Sector Wrap

    While the S&P 500 grew 1.6%, the Utilities sector (XLU) showed little movement during trading today.The ETF, as a proxy for the sector, tracked closer to the overall...

  11. US Bancorp, NextEra Energy Among Stocks Setting 52-Week Highs Wednesday

    These are the four most popular stocks that rose to 52-week highs:The share price of US Bancorp (NYSE:USB) climbed today, reaching and then surpassing its previous 5...

  12. Utilities Sector Wrap

    The Utilities sector (XLU) showed little change during trading today while the S&P 500 rose 0.7%.The ETF, as a proxy for the sector, tracked farther from the overall...

  1. Macquarie expands in UK power sector

    Macquarie Bank is expanding its power trading business in the UK, hiring traders from rival banks and sourcing electricity from newly acquired power plants in hopes ...

  2. Sempra Mexico Raises $521 Million Via Share Offering -Source

    The Mexican unit of Sempra Energy (SRE) raised $521 million via an initial public offering on the Mexican Stock Exchange Thursday, a source with direct knowledge of ...

  3. Sempra Energy Posts Higher 4th-Quarter Profit, Plans Gas-Export Plant

    Sempra Energy (SRE) reported a slightly higher fourth-quarter profit Tuesday and said its proposed Louisiana gas-export terminal would boost future growth and profit...

  4. Sempra CEO Expects Federal Approval of Gas-Export Facility by Year's End

    Sempra Energy (SRE) expects to get federal permission to build facilities to export natural gas in Louisiana, and the company will be ready to start construction in ...

  5. Sempra Energy 4th-Quarter Net Up 2.4% on Payment from Kinder Morgan

    Sempra Energy's (SRE) third-quarter profit rose 2.4% as the company booked a cash payment from Kinder Morgan Energy Partners L.P. (KMP) related to the Rockies Expres...

  6. Sempra Energy's Mexico Unit to Sell Shares in Mexican IPO

    Sempra Energy (SRE) said Monday that its Mexican unit plans to sell shares privately and in an initial public offering in Mexico by April.Sempra, of San Diego, owns ...

  7. Sempra Energy's Mexico Unit to Register IPO, Unveils Offering of 15%-20% of Shares

    Sempra Energy's (SRE) Mexico unit unveiled an offering of between 15% to 20% of its shares and will also offer shares in an initial public offering to be registered ...

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