Power Engineering International

Welcome to the online version of our Power Engineering International (Pei) print publication. This is where to find archive magazine articles as well as our present edition. For any feedback on the content contact us here or discuss on PEi LinkedIn Group

Entergy sheds assets

Entergy sheds assets

US power generator Entergy is to sell its British and Australian power distribution assets as part of a move to focus on its core business. The announcement brings to an end the company`s aspirations of becoming a global player.

Assets to be sold include London Electricity and CitiPower. The company has also cut its dividend as part of its $4bn restructuring plans. The decision is in response to criticisms from shareholders that the company has under-performed recently. The sales could attract interest from other US utilities looking to expand overseas.

Entergy hopes to raise $4bn from the sales, 70 per cent of which will be used to reduce the company`s $10bn debt and revive its over-stretched balance sheet. The rest of the proceeds will probably be used for growth investments.

Entergy bought London Electricity for $2.1bn at the beginning of 1997, but the tough regulatory environment and the windfall tax have affected its investment return. The company bought Australian power distributor CitiPower for $1.2bn in 1996. Potential bidders for London Electricity could include utilities from the UK, USA and continental Europe. Japanese bidders may also show interest.

Recommend this article Recommend this article () Yo recommended this article Yo recommended this article ()
Follow Power Engineering International on Twitter

Editor's Picks

China tops renewables investment poll but UK slips down

China is now the top destination for renewables investment in the world according to an influential poll published today.
PEi

Power Engineering International Magazine – latest issue

The latest issue of Power Engineering International Magazine is now online with some outstanding news and analysis of the ...

Gas-fired power dominated UK energy sector in Q2

A combination of coal-fired power plant outages and falling gas prices saw a surge in gas-fired power in the UK in the sec...
Mike Winkel of E.ON

E.ON calls for assistance in renewables investment drive

Germany’s largest utility says it can no longer afford to push large renewable projects on its own and is looking for part...
Wilhelmshaven

Molluscs force German coal-fired power plant to shut down

The 757 MW Wilhelmshaven hard coal-fired power plant has had to be temporarily shut down after North Sea mussels clogged t...

PEI Magazine Issues



>> Current Issue           >> Past Issues

Latest Wire News

Algae Biomass Organization Recognizes Six Students With Young Algae Researcher Awards at Algae Biomass Summit

Algae Biomass Organization Recognizes Six Students With Young Algae Researcher Awards at Alg...

Perma-Fix Environmental Services Announces $4.5 Million Service Contract

Perma-Fix Environmental Services Announces $4.5 Million Service Contract

MISO Confirms Benefits of MVP Projects

MISO Confirms Benefits of MVP Projects

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D...

Pledge to Rise Above Plastics With Surfrider This October

Pledge to Rise Above Plastics With Surfrider This October

Editorial Guides

How to cut your OPEX

How to cut your OPEX In a constantly evolving electricity market, factors such as over capacity and low coal costs can pu...

Alstom Editorial Guide: Thailand to showcase latest upgrade of Alstom's GT26 in combined-cycle

Read all about Alstom's new advanced GT26 gas turbine in the North Bangkok CCPP expansion project online with the Power En...

PLEXOS® Integrated Energy Model – Leading the Field in Energy Market Modelling

PLEXOS® Integrated Energy Modelling is an advanced software tool that employs the latest mathematical programming methods ...

Power Engineering International

Whitepapers

How to lower your total cost of ownership on DC Control Power

In this whitepaper, we look at implementing battery management solutions and how smart battery management effectively lowers the total cost of DC Control power systems and the risk of their failure...

Portfolio Optimization by PLEXOS

To achieve Portfolio Optimization, PLEXOS performs the Security Constrained Unit Commitment and Economic Dispatch using Mixed Integer Programming (MIP) to minimize a cost function subject to all op...

Evaluating cogeneration for your facility: A look at the potential energy-efficiency, economic and environmental benefits

The energy-efficiency, economic and environmental benefits of cogeneration are the subject of this in-depth white paper. The paper argues that producing electricity and heat/cooling from the same f...

The Effect of Moisture on the Breakdown Voltage of Transformer Oil

Power transformers utilize oil as a heat transfer medium and a dielectric material, together with cellulose. Breakdown voltage (dielectric strength) is one of the most important parameters of trans...

Improving Mission Critical Cooling Systems With More Reliable Level Sensing

The choice of coolant level sensor may seem like an insignificant detail when designing complex machinery such as emergency generators and cranes, but if this sensor fails, the operator has no warn...

Steps Towards a Low Carbon Future: Solutions and Technologies That Will Support the Global Revolution Required

A smart grid is becoming more and more essential as clean energy becomes more dominant. In addition, the demand for electricity is expected to treble the ability to supply it over the next decade. ...

Latest Digital Edition

  Power
  Engineering
  International
Look Inside >
Cover
Current Issue

Article Archives for Power Engineering International Magazine

Latest Energy Jobs