Archive: Energy

Sterling's Clear Standards to Be Bought

SAP said it has agreed to buy Sterling-based Clear Standards, which helps organizations measure and report greenhouse gas emissions and other information on environment impact. The German business software company said the acquisition will help it provide carbon management to customers as governments and the public demand more transparency. Clear...

By Terri Rupar | May 11, 2009; 03:08 PM ET | Comments (0)

Constellation Profit Falls 26 Percent

From the Associated Press Constellation Energy Group of Baltimore said its first-quarter earnings fell 26 percent, to $145.7 million (81 cents a share) from $195.7 million ($1.07 in the comparable period a year earlier, the dragged down by its merchant energy unit. Revenue fell 6 percent, to $4.83 billion. The...

By Terri Rupar | April 30, 2008; 10:33 AM ET | Comments (0)

Dominion Completes Sale of Reserves to Linn Energy

From Associated Press Dominion Resources said today it finished selling off its mid-continent gas and oil reserves to Linn Energy, pulling the gas and power company further out of the exploration and production business. Dominion plans to use the $2.05 billion from the sale for general corporate purposes, including share...

By Mike Shepard | August 31, 2007; 07:06 PM ET | Comments (0)

Alternative Energy On U Street

The New York Times visits Ben's Chili Bowl and eight other small businesses on U Street to report on their effort to join the "green power" movement by taking advantage of wind power credits. The story explains: "Despite their name, the 'wind certificates'; that the U Street merchants bought do...

By Dan Beyers | August 15, 2007; 06:34 AM ET | Comments (0)

Dominion Sells Oklahoma Operations

Dominion has agreed to sell its Oklahoma natural gas and oil exploration and production operations to Linn Energy for $2.05 billion. The Richmond energy giant, which recently announced a stock buyback plan, said it has now sold or agreed to sell all of the exploration and production operations that it...

By Dan Beyers | July 2, 2007; 08:13 AM ET | Comments (0)

WGL To Outsource 300 Jobs

Washington Gas Light Co. plans to pay Accenture $350 million over 10 years to provide various back office functions such as human resource, information technology, consumer service and finance operations. The contract will allow WGL to do away with 300 positions, 50 of which are currently vacant. "The remaining employees...

By Dan Beyers | June 20, 2007; 01:48 PM ET | Comments (0)

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