TransCanada Trying to Flip Power Plant
Six weeks ago, TransCanada Corp. closed a deal to buy a power plant in Pennsylvania. On Thursday, the company put it back up for sale. The 704-megawatt Ironwood natural gas-fired power complex that TransCanada bought for $657 million from Talen Energy Corp. is back on the block as the company looks for ways to finance another acquisition worth 15 times more, the company said Thursday. In fact, the company’s putting a whole set of U.S....
Power Lunch: A conversation with the CEO of Green Mountain Power
Over a steaming cup of coffee, the CEO of Green Mountain Power explains why electric utilities that oppose green power risk getting left behind, and why GMP’s business success depends on how well it manages the changes it has helped bring to the energy industry . The Paris climate conference has been in session for more than a week when Mary Powell, the CEO of Green Mountain Power, Vermont’s largest electric generation utility, and I...
Northern Pass Application Complete
Concord — A utility’s application to string power lines from Canada to southern New Hampshire is complete, the state’s Site Evaluation Committee ruled Monday, rejecting arguments from opponents who argued that questions over land use rights should be addressed first. The panel voted 6-0 to accept the application by Eversource to build the Northern Pass transmission project. In a statement, the company said it was eager for the siting...
Claremont Savings Bank Taps Next CEO
Claremont — Claremont Savings Bank has chosen a Connecticut banker to become its next president and CEO. David Birkins, former executive vice president and chief financial officer at Union Savings Bank in Danbury, Conn., has joined Claremont Savings as executive vice president and chief operating officer. He will become president and CEO of the bank upon the scheduled retirement of current CEO Sherwood Moody in April , the bank said...
Power Lunch: Matthew Slaughter, new dean of the Tuck School of Business
Over a dinner of grilled shrimp salad and a beer, the new dean of the Tuck School of Business at Dartmouth discusses taking a fresh look at his institution’s mission and goals, and how the Upper Valley’s economic health is increasingly linked to trade with the fast-growing countries of Asia. Matt Slaughter, dean of the Tuck School of Business at Dartmouth, is one busy executive, with a schedule that changes as rapidly as the Wall...
