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General Electric has just completed its $250 million acquisition of the Heat Recovery Steam Generator (HRSG) business of Doosan Engineering & Construction that was originally announced in May 2017. This acquisition is expected to boost GE Power‘s ability to meet the growing demand for its combined-cycle power plant solutions, which utilize the HRSG technology. Joe Mastrangelo, […]
Read MoreBrookfield Business Partners L.P. announced yesterday that it has entered into an agreement to acquire 100% of Westinghouse Electric Company. The transaction provides for a purchase price of approximately $4.6 billion, expected to be funded with approximately $1 billion of equity, approximately $3 billion of long-term debt financing and the balance by the assumption of […]
Read MoreDominion Energy Inc. and SCANA Corp. announced today an agreement for the companies to combine in a stock-for-stock merger worth about $7.9 billion. Including the assumption of debt from SCANA, the value of the transaction is approximately $14.6 billion. The deal includes several benefits for South Carolina power customers to offset previous and future costs […]
Read MoreWarmest wishes for a Happy Birthday to Lloyd Fitzwater, Bob Glaze and Todd Hudman. We are so happy that you’re a part of our team! Happy Birthday and all the best to you in the year to come.
Read MoreAmeren is among several electric companies sending resources to Puerto Rico. The St. Louis-based utility company is sending trucks, trailers and workers to help rebuild electric infrastructure damaged in Hurricane Irma and Hurricane Marie. Ameren says it will send about 75-line workers and additional support personnel. The effort is expected to begin as early as later this […]
Read MoreSaudi Arabia has introduced a value-added tax (VAT) with the approval of the International Monetary Fund (IMF), indicating the end of a tax-free lifestyle. The decision was taken on Monday and implies a five percent levy on some goods across the six-member Gulf Cooperation Council, which unites Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the […]
Read MoreGTTSi is lucky to have a group of dedicated employees and we would like to thank you for all your hard work this year. We wish you a year of health, wealth, happiness, luck, warmth… And loads of love of your dear ones! Merry Christmas and Happy New Year to you and your family!
Read MoreThe Georgia Public Service Commission unanimously approved a motion that allows for continued construction of the Vogtle nuclear expansion project. This week the Senate Finance Committee released a bill that will “extend a series of lapsed or soon-to-expire energy-related tax credits,” including the nuclear power production credit that will remove the 2020 deadline; critical for […]
Read MoreAccording to a study released last week by Connecticut energy regulators, Dominion Energy’s Millstone nuclear power plant is expected to remain profitable through 2035. The report concluded that Millstone’s profits are expected to amount to a net present value of between $1.3 billion and $2.4 billion under several scenarios from 2021 through 2035, making it […]
Read MoreIt is with great gratitude that GTTSi has the opportunity to thank Ken Scharf for his initiative, dedication and service to GTTSi for the last 10 remarkable years. He has endured many changes and challenges and personally helped GTTSi begins its relationship at Oconee Nuclear Station back in 2007. Ken has always kept us in […]
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